India's MCX launches cottonseed wash oil futures contracts for price volatility management.
India's largest commodity exchange, MCX, has launched cottonseed wash oil futures contracts to help manage price volatility in the cottonseed oil market. Each contract, trading in units of 5 tonnes, requires a margin of 12% and will be cash-settled for convenience. This initiative aims to enhance price transparency and risk management for stakeholders like crushers and traders, addressing challenges from global supply chains and competing oils.
October 15, 2024
4 Articles