New Futures
Cotton seed wash oil futures contracts start trading on MCX
This story was originally published at 13:25 IST on 15 October 2024
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MUMBAI – Futures contracts of cotton seed wash oil have been made available to trade Tuesday on the Multi Commodity Exchange of India Ltd. The November contract opened at INR 1,160 per 10 kilograms.
At 1200 IST, the price was INR 1,164.30 per 10 kg, with open interest of six contracts. On Thursday, the exchange had announced the launch of cotton seed wash oil futures contracts.
Contracts for November, December, and January will be available for trading, the exchange said, and added that these contracts will be cash-settled. The maximum open position is allowed at 12,000 tonnes for individual clients. For members, the limit is 120,000 tonnes collectively for all clients, or 15% of the market-wide open position, whichever is higher, the exchange said. The delivery centre will be at Kadi in Gujarat.
The National Commodity and Derivatives Exchange Ltd. had started trading in cotton wash oil futures contracts on Sept. 2. End
Reported by J. Navya Sruthi
Edited by Manisha Baxla
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