Better prospects for copra futures trading: Experts

Kozhikode, Mar 29 (UNI) Trading in copra futures has received an impressive response registering a whopping Rs 45 lakh in turnover after its relaunch underscoring tremendous growth potential it offered to investors, experts said.

Talking to newspersons here last night, National Multi Commodity Exchange (NMCE) Managing Director Kamlesh Gupta said this achievement was recorded in just 20 days after its relaunch on March nine.

This showed increased demand for futures trading in copra from a large number of market participants, he said on the sidelines of a businees meet held by NMCE for growers, millers, traders and investors here.

The participants numbering about 150 have expressed keen interest in investing more in copra futures as it provided an ideal investment option, he said.

The traders welcomed the initiative by the regulating body as it helped bring in price discovery, greater transparency and price stabilisation ultimately benefitting coconut farmers, he said.

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