SME Times News Bureau | 02 Dec, 2020
The National Stock Exchange of India Ltd (NSE) has launched its first
agricultural commodity futures contract on crude degummed soybean oil
(CDSO Futures).
It was launched on December 1, an NSE statement said on Wednesday.
The
CDSO Futures contract is a monthly expiry futures contract with a
trading lot size of 10 metric tonne (MT) and price basis as 'Kandla'.
The
first trade was executed by 'EAST INDIA SECURITIES LTD' and 'M/s Budge
Budge Refineries Ltd', it said. Day one recorded trading of more than
4,200 tonne with turnover exceeding Rs 44.67 crores indicating positive
interest of market participants in the CDSO Futures.
With India
being the largest importer of edible oils in the world, the CDSO futures
contracts shall be a perfect instrument to hedge the price risk for the
soybean oils processing and allied industries, the NSE statement said.
