National Stock Exchange of India (NSE) in its release said that it has launched its first agricultural commodity futures contract on crude degummed soybean oil (CDSO Futures). The CDSO Futures contract, which was launched on 1 December, is a monthly expiry futures contract with a trading lot size of 10 tonnes and price basis as Kandla, National Stock Exchange said in a statement. The first trade was executed by 'East India Securities' and 'Budge Budge Refineries', one of the premier edible oil refiners. Day one recorded trading of more than 4,200 tonnes with a turnover beyond Rs 44.67 crore indicating the positive interest of market participants in the CDSO Futures, the statement said.
India being the largest importer of edible oils in the world, the CDSO futures contracts will be an instrument to hedge the price risk for the Soybean Oils processing and allied industries, the exchange added.
Airtel Buys 4.5pc Stake in Bharti Infratel, Stock Up
Sensex, Nifty trade higher ; Banking stocks rise
Alembic’s Rhizen gets USFDA nod to study oral DHODH for SARS-CoV-2 infection