MARKET DEVELOPMENT
NCDEX CPO Sees Increased Interest From Market Participants
NCDEX CPO Sees Increased Interest From Market Participants
04/12/2013 (Moneycontrol.com) - NCDEX, the leading commodity exchange is seeing greater traction in its recently launched Crude Palm Oil contract, with an average daily traded volume of close to 1820 MT and an OI of 6,810 MT as on December 02, 2013. The total volume in Crude Palm Oil since launch, upto December 02, 2013 is Rs. 62 crore.
With an increasing demand for palm oil, price risk management for a consuming nation as India is very important. NCDEX Crude Palm Oil futures are ideal to meet the price risk management needs of the processors, traders, physical participants and end users. The NCDEX Crude Palm Oil futures prices are highly co-related with Bursa Malaysia, where Crude Palm Oil futures are actively traded.
After having built strong participation, liquidity and efficient price discovery in various agri commodities, the Exchange is now offering a complete basket of oil & oilseeds contracts that give customers the chance to benefit from managing their risk on a platform with proven credibility. The rising participation in Crude Palm Oil futures is an indication of the trust that the market participants repose on the Exchange.
Speaking on the development, Mr Vijay Kumar, Chief Business Officer, NCDEX said "The NCDEX offering of the edible oils complex on a single platform, lower transaction charges provide customers the most comprehensive and cost-effective risk management solution in the Indian commodity market and the growing interest in Crude Palm Oil contracts is evidence of that"
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
With an increasing demand for palm oil, price risk management for a consuming nation as India is very important. NCDEX Crude Palm Oil futures are ideal to meet the price risk management needs of the processors, traders, physical participants and end users. The NCDEX Crude Palm Oil futures prices are highly co-related with Bursa Malaysia, where Crude Palm Oil futures are actively traded.
After having built strong participation, liquidity and efficient price discovery in various agri commodities, the Exchange is now offering a complete basket of oil & oilseeds contracts that give customers the chance to benefit from managing their risk on a platform with proven credibility. The rising participation in Crude Palm Oil futures is an indication of the trust that the market participants repose on the Exchange.
Speaking on the development, Mr Vijay Kumar, Chief Business Officer, NCDEX said "The NCDEX offering of the edible oils complex on a single platform, lower transaction charges provide customers the most comprehensive and cost-effective risk management solution in the Indian commodity market and the growing interest in Crude Palm Oil contracts is evidence of that"
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.