Crude palm oil alternatives get SEBI nod

Crude palm oil alternatives get SEBI nod

by admin- Wednesday, November 17th, 2021 08:08:41 AM

MCX may additionally release trade by yr-cease
Market regulator Sebi has accepted MCX software to launch options trading on crude palm oil futures. The trade is expected launch the CPO options in December-give up or early next 12 months, assets stated.

India is dependent on imports to fulfill domestic call for and the CPO options will help the supply chain which include importers and home trade to hedge their open function on the change at a completely competitive cost.
The futures trading in CPO on MCX has been gaining traction with the common each day turnover growing 41 according to cent in October to ₹376 crore towards ₹266 crore in September.
Investors are fast moving from commodity futures to alternatives with buying and selling in futures becoming a steeply-priced affair after levy of height margin which calls for 100 according to cent upfront margin. Peak margin on choice is a lot lower as it’s miles calculated on the top class, while in futures it is levied on fee of the commodity.

The common day by day turnover of futures increased 12 consistent with cent in October to ₹29,067 crore in opposition to ₹25,875 crore logged in September, while that of options inside the identical duration jumped nine according to cent to ₹8,350 crore towards ₹7,641 crore.

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