Today, the first Agreed Early Delivery of June 2012 contract month for rice futureswas concluded at the Tokyo Grain Exchange, Inc. Agreed Early Delivery is concluded when parties to the delivery agree upon the grade to be delivered, delivery point, date of delivery and delivery documents etc. and receives approval from the Exchange. In this manner, delivery on the Exchange can be concluded even if specifications differ from normal rice delivery. In April 2012, this system was newly implemented to enhance user convenience.
Complaints for defects of delivered commodities shall not apply to recipients ofagreed early delivery.
Contract Month | June 2012 |
Party to Make Delivery | Ace Koeki Co., Ltd. |
Party to Take Delivery | Ace Koeki Co., Ltd. |
Commodity to be Delivered | Grade 1 Koshihikari Fukushima (Hamadoori) with
a crop year of 2011 |
Date of Delivery | May 25, 2012 |
Delivery Price | Settlement price of the business day prior to the
date of delivery |
Delivery Units |
12 tons (2 contract units) |
Packaging | Packed in paper bags |
Delivery Point | Saitama prefecture |