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Economy

NSE Launches its First Agricultural Commodity Futures Contract

India’s major stock exchange, National Stock Exchange of India Ltd (NSE), launched the first Crude Degummed Soybean Oil (CDSO Futures) agricultural commodity futures contract on December 1, 2020. The CDSO Futures agreement is a monthly expiry futures contract with a 10 metric tonne (MT) trading lot size and a Kandla price basis.

By Kautilya / December 5, 2020

India’s major stock exchange, National Stock Exchange of India Ltd (NSE), launched the first Crude Degummed Soybean Oil (CDSO Futures) agricultural commodity futures contract on December 1, 2020. The CDSO Futures agreement is a monthly expiry futures contract with a 10 metric tonne (MT) trading lot size and a Kandla price basis.

‘EAST INDIA SECURITIES LTD and ‘M/s Budge Budge Refineries Ltd’, one of the premier edible oil refiners, carried out the first trade. Trading of more than 4200 tonnes with a turnover reaching Rs. 44.67 crores (US$ 6.08 million) on Day 1 showed positive interest from market participants in the CDSO Futures.

As India is the world’s largest importer of edible oils, the CDSO futures contracts would be a great instrument for hedging the price risk for the processing of soybean oils and allied industries.

Source: IBEF

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