Sugar No. 11 is traded on the New York Board of Trade (NYBOX). One Sugar No.11 contract is equal to 112,000 pounds. The number “11” means the way of handling shipping costs between the contract’s parties – the seller and the buyer. Sugar No.11 is delivered “FOB” (Free on Board). It means that the seller bears the cost of sugar shipment to a port and cargo loading. Sugar No.11 may have various origins, including 28 possible countries of origin.
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