Programme on commodity trading awareness

Hyderabad, Jan 22 (UNI) The National Commodities and Derivatives Exchange Ltd (NCDEX) in association with the Forward Markets Commission (FMC) today organised a programme to spread awareness about the potential of commodity trading in the country.

NCDEX and FMC have joined hands to create awareness among the market participants on commodities and releated issues.

FMC Chairman S Sundareshan while highlighting the benefits of futures trading in commodities said the Commission was committed to the development of institutional capability of the commodity market.

NCDEX MD and CEO P H Ravikumar said futures trading in commodities on the on-line commodity exchange results in transparant and fair price discovery due to large scale participation of entities associated with different value chains.

It also reflects views and expectations of a wider section of people releated to a particular commodity.

NCDEX also provides effective platform for price risk management for all segments of players ranging from the producers, the traders, processors, exporters, importers and the end users of the commodity.

Traders, representatives of farm, industry and co-operative bodies, NGOs and investors attended the programme.

UNI