COMMODITY
NSE launches first agricultural commodity futures contract
Dec-03-2020

The National Stock Exchange (NSE) has launched its first agricultural commodity futures contract on crude degummed soybean oil on December 1. The contract will facilitate the soybean oils processing and allied industries in India and overseas, a perfect hedging tool for managing their price.

The 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 and Budge Budge Refineries, one of the premier edible oil refiners.

According to the exchange, day one recorded trading of more than 4,200 tonne with turnover exceeding Rs 44.67 crore indicating positive interest of market participants in the CDSO Futures.

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