Information for Potential Cold Storage Facilities
MGEX is developing a risk management tool for the Apple Juice Concentrate (AJC) industry. Part of this effort includes identifying potential U.S. East Coast and West Coast cold storage facilities with the ability to store AJC and an interest in becoming a certified delivery point against the futures contract. MGEX is already working with management teams from several cold storage facilities who have expressed an interest in becoming certified delivery points for AJC. However it is important we do not exclude any warehouses interested in certification and able to meet the minimum requirements. Should you or the cold storage facility storing your product be interested in becoming certified, an application process is in place and full cooperation is required for consideration. However, it is important to note MGEX will make all final decisions on warehouse certification based on a number of criteria, some of which is listed below. |
|
|
Warehouse Requirements
For MGEX Certified Facilities
 Below is an outline of some of the items required of a cold storage facility to become a certified storage and delivery point for the AJC futures contract:
- Ability to store AJC in drums and/or bins at 0°F
- Logistics able to track product throughout the storage and delivery process
- Internal processes capable of issuing and tracking negotiable warehouse receipts representing the AJC product
- Minimum financial and insurance requirements as set by MGEX
- Audited and/or Reviewed financial statements confidentially submitted to MGEX for review
- Public tariff or fee schedule
- Submission of weekly AJC stocks report
|
|
|
For more information on becoming a certified delivery location for the AJC futures contract, please contact MGEX by May 27, 2011.
- Georgette McDonald, (612) 321-7141 or email
- Rita Maloney, (612) 321-7140 or email
We encourage you to speak to your current warehouse facility about this opportunity or
|
|
|
