Layne Carlson Tells the Story Behind MGEX’s Apple Juice Contract
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