The awareness programme jointly organised by Multi Commodity Exchange of India Ltd (MCX), Forward Markets Commission (FMC) and Dumka Chamber of Commerce at Dumka, Jharkhand today was focused on hedging commodity price exposures. The programme was customized for members of the association.
This comprehensive programme was categorically designed to enable the commodity value chain participants to understand the ways in which they can make use of futures market to manage their price risks. While addressing the market participants, the experts elaborated about the functioning of Commodity Exchanges, and the various aspects of commodities trading. They also discussed about the benefits of commodity futures for effective price risk management. Further on, they explained about the need and importance of commodity markets in India. The experts threw light on the product basket, and the different variants of futures contracts in bullion, base metals, energy, and agri segment, offered by the exchange, thereby enabling a large number of market participants manage their risks.
Separately, MCX has been playing a critical role in imparting knowledge about the benefits of commodity futures trading to the market participants, by organising commodity awareness programmes across the country. Moreover, it has been taking various initiatives to systematically develop markets through incessant innovation, education and research, focussed on spreading awareness on the modern trading mechanisms facilitated by commodity exchanges.
Mr. Md. Shariff, President, Dumka Chamber of Commerce said, “With the continued volatility in commodity markets, the use of effective risk management and hedging tools have never been more important. It was interesting to know about how commodity exchanges play a vital role in helping the market participants like us to hedge our price risks and achieve our business objectives.”
He further said that “The session was quite beneficial and useful for the members, MCX will go a long way in educating the market participants on the benefits of hedging, thereby giving them the sanguinity to hedge risks.”
In his concluding remarks he thanked FMC and MCX for organizing this programme to educate the commodity value chain participants of Dumka
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