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MCX announced the launch of cottonseed wash oil futures on October 15, with 5-tonne trading units and a margin of about 12 percent. Contracts are cash-settled, targeting crushers and refiners facing price volatility.
The contract adds a hedging option for Indian cottonseed oil processors, which may encourage more stable crushing activity but has little direct price impact on cottonseed meal.
money.rediff.comOct 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.
