Latest News
-
Mahindra Finance Detects Rs 150 Crore Fraud, Postpones FY24 Financial Results -
Rs 2.20/Share Dividend Declared: 84-Yrs Old Small Cap Tata Co Reports 7.7% Rise In Net -
Sebi Enhances Liquidity with Extended Cross-Margin Benefits for Futures -
Mahindra Finance Detects Rs 150 Crore Fraud, Postpones Financial Results -
Telecom Service Sector's AGR Climbs 1.8% to Rs 67,835 Cr in December 2023: TRAI Data -
Google Fires Over 50 Employees for Protesting Israel Cloud Computing Deal -
Power Grid Corporation to Infuse Funds into NHPTL, Securing 50% Ownership -
1:1 Bonus, Rs 167.6 Sh/Dividend Paid: Tata's IT Co Announces Highest Ever Rs 70/Sh Dividend; Q4 Results Here -
3 Free Shares, Rs 4/Share Dividend: Pharma Stock Rallies On Bonus Share, Dividend Proposal -
Google CEO Sundar Pichai Terminates Over 20 Employees Amidst Internal Protests Over Israel; Reports
NSE To Launch First Agricultural Commodity Futures Contract In Dec
On Monday, the National Stock Exchange (NSE) said that it will launch its first agricultural commodity futures contract for crude degummed soybean oil on 1 December 2020.
The contract will facilitate the soybean oils processing and allied industries in India and overseas, a perfect hedging tool for managing their price, the stock exchange said in a statement.
The contract is a monthly expiry cash-settled futures contract with a trading lot size of 10 metric ton (MT) and price basis as Kandla.
Vikram Limaye, MD and CEO of NSE, said the exchange is dedicated to deepening the Indian commodity markets by providing convenient and cost-effective onshore hedging products.
"India being one of the largest consumers of edible oils in the world, requires an efficient hedging mechanism for crude soybean oil as well. This product will work as a perfect price risk management tool for the market participants and the commodity ecosystem at large," he added.
The Solvent Extractors' Association of India (SEA) Executive Director B V Mehta said the exchange-traded derivatives contracts are a very useful tool that make price risk management convenient and easy for the industry. More such contracts are expected to be launched.
