Tokyo Grain Exchange – TGE

The Tokyo Grain Exchange (TGE) is one of Japan’s four commodity exchanges, and the country’s second largest exchange. The exchange has been implementing a mid-term business redevelopment strategy since 2009, aimed to modernise its structure, secure liquidity, and increase its efficiency.

A brief history of the Tokyo Grain Exchange

The origins of the TGE can be traced back to the end of the 19th century, when Tokyo saw the establishment of the Kakigaracho Rice Trading Exchange. Due to the Second World War, the TGE ceased operations during 13 years. At the time of its re-opening in 1952, the exchange only traded three agricultural commodities: potato starch, soybeans, and azuki (red) beans. The TGE gradually incorporated a number of agricultural commodities and futures contracts.

As of 2011, the TGE operates using the NASDAQ trading platform for all its commodities. This move has greatly enhanced the TGE’s performance standards, and it is expected that it will also bring in an increase in liquidity.

Commodity trading at the Tokyo Grain Exchange

Currently, the TGE offers futures contracts on the following products:

-Rice (standard grade non-glutinous brown rice grade 1)

-Corn (standard grade USA number 3 yellow corn)

-Soybeans (standard grade non-GMO USA number 2)

-Raw sugar (raw centrifugal sugar cane)

-Azuki beans (standard grade Hokkaido number 2). The TGE is the only commodity exchange in the world that offers traders azuki beans futures contracts

-Coffee (both Arabica and Robusta varieties)

The TGE operates extended trading hours in two sessions (9-3.30 JST and 5-11 JST).

>> Read more about the other Commodity Trading Exchanges