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Grain futures trading system launched in Russia

      RBC, 09.04.2008, Moscow 15:30:31.The system of trading in grain futures launched on the National Mercantile Exchange (NAMEX) with the use of MICEX technology will help reduce risks from global price fluctuations, Russia's Agriculture Minister Alexei Gordeyev said during the launching ceremony today. The trading system will regulate the Russian grain market and set price targets for its participants, Gordeyev noted. He pointed out that Ukraine and Kazakhstan would also participate in the trading. Russia has become the tenth country to trade in grain futures, Gordeyev stated.

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