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MCX, India's largest commodity exchange, launched cash-settled Cottonseed Wash Oil futures with 5-tonne contracts quoted per 10 kg ex-tank Kadi, Gujarat. The margin requirement is about 12 percent.
The new contract gives crushers a hedging tool for cottonseed oil, which may improve price discovery but does not by itself move cottonseed meal supply or prices.
thehindubusinessline.comSuresh P IyengarOct 15, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
