PMEX set to launch Deliverable Sugar Futures

May 22, 2025 (MLN): Pakistan Mercantile Exchange (PMEX), the country’s only licensed, multi-commodity futures exchange, is preparing to launch Deliverable Sugar Futures.

This follows the recent approval of the contract by the Securities and Exchange Commission of Pakistan (SECP) — a landmark step towards improving transparency and efficiency in Pakistan’s sugar trade.

As one of Pakistan’s largest agro-based sectors, the sugar industry has long faced challenges including unregulated pricing, excessive speculation, hoarding, and supply chain inefficiencies.

With the commencement of trading in Deliverable Sugar Futures at PMEX, the industry will gain access to a regulated, national platform that enables transparent price discovery and streamlined trading.

This platform also supports effective risk management and enhanced market documentation, as per the press release issued.

Ahead of the launch, PMEX conducted a roadshow in multiple cities, including Sargodha and Lahore, the largest sugar trading hubs in Pakistan, bringing together sugar millers, brokers, traders, dealers, and large sugar buyers.

These sessions offered the participants a detailed orientation to the new contract specifications, live trading demonstrations, and an overview of the account opening process.

They also included training on how to conduct mock trading on PMEX before the contract launch.

Abdul Rehman Warraich, SECP Commissioner, addressed the participants and commended the initiative, assuring the full support of the regulator.

Muhammad Ajmal Bhatti, Secretary of the Price Control & Commodities Management Department, Government of Punjab, also addressed the participants and assured the full support of the provincial government.

PMEX CEO Khurram Zafar outlined the transformative potential of the initiative that “Sugar is one of Pakistan’s most traded commodities, yet it lacks structure and transparency”.

“With Sugar Futures, PMEX is turning the tide—ushering in transparency, price stability, and a future where fair trade leads the way," said PMEX CEO Khurram Zafar.

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