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NSE launches its first agricultural commodity futures contract CDSO

The contract will facilitate the soybean oils processing and allied industries in India and overseas, a perfect hedging tool for managing their price

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The contract is a monthly expiry futures contract with a trading lot size of 10 metric tonne (MT) and price basis as Kandla, the National Stock Exchange (NSE) said in a statement.

Press Trust of India New Delhi

1 min read Last Updated : Dec 03 2020 | 1:03 AM IST

Leading stock exchange NSE on Wednesday said it 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 National Stock Exchange (NSE) said in a statement.

The first trade was executed by East India Securities Ltd and Budge Budge Refineries Ltd, one of the premier edible oil refiners.

According to the exchange,

Topics : NSE agri commodities Futures

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