On a request from AFMA for the implementation of a locally traded soya meal and sunflower oilcake local futures contract, a meeting was held on 17 July 2018 where this matter was discussed with oilseeds crushers and the JSE. Minimum quality specifications were agreed on for the two contracts.
The issue of physical delivery or cash settlement however still needs to be resolved before such contracts can be introduced by the JSE. To be cash settled the underlying product needs a cash price. A follow-up meeting is being planned to discuss this matter.