The Minneapolis Grain Exchange, now known as MGEX, launched Apple Juice Concentrate (AJC) futures and options on August 13, 2012. We asked Layne Carlson, corporate secretary and treasurer of the exchange, for the story behind the new Apple Juice contract. Interview by JLN publisher John Lothian. About the Apple Juice Concentrate Industry The majority of Apple Juice Concentrate is produced in China, South America and Europe. In 2007-08 the Apple Juice Concentrate totaled roughly $3.2 billion in value The Apple Juice Concentrate industry has experienced growth at a rate of roughly 6% per year Source: MGEX
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John Lothian Newsletter: CME move highlights demand for ‘regulatory choice’; Regulator Says Broker Audits Fail to Include Required Work; Greece Readies More Cuts John Lothian Newsletter,Newsletter
CME Group’s European exchange is said to be part of a plan to allow traders access to its products from different locations with different regulatory controls. An accounting oversight board, having reviewed regulatory efforts to track brokerage capital and processes, says that those regulatory efforts fail to provide comprehensive coverage most of the time. In Europe, Greece moves closer to making additional budget cuts to stave off a fresh “do we stay or do we go” eurozone crisis.