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 "MCX")
The margin required for the conclusion of the contract is approximately 12 percent.
Leading commodity exchange MCX on Tuesday announced the launch of cottonseed washing oil futures.
Each contract will have a trading unit of 5 tonnes with base value stated in rupee per 10 kg at Ex-Tank Kadi, Gujarat, MCX said in a statement.
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The margin required to close the contract is approximately 12 percent, providing participants with affordable access to coverage.
The contracts will be settled in cash, providing greater convenience and an effective risk management opportunity to participants across the supply chain, the statement added.
According to MCX, cottonseed washed oil futures trading will help the cottonseed oil industry, especially crushers, who often struggle with price volatility due to fluctuating dynamics of the market, availability of raw materials and unpredictable international trends.
(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First publication: October 15, 2024 | 5:56 p.m. STI