Last Updated :
22 May 2009 at 11:35 IST
MCX Wheat clocks Rs 13.19 cr on relaunch day
Commodity OnlineMUMBAI:
Wheat Futures that was re-introduced at MCX (Multi Commodity Exchange of India Ltd.) has witnessed a record turnover of Rs 33.19 cr on Thursday, the first day of the launch of six contracts.
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At the end of first trading session, the contract witnessed total volume of 28,840 MT valuing at Rs. 33.19 crores with open interest as 6280 MT. Participation was seen from 225 participants across India. The first trade was executed at Rs. 1202 per 100 kgs that was the highest price for the day and closed at Rs. 1144 with lowest price quoted as Rs. 1140 per 100 kgs. The participation was seen from more than 225 participants across India. The trading unit for the contract is 10 MT with price quote as ex- Delhi.
“The launch of the compulsory delivery contracts underscores MCX’s penchant for rolling out contracts that are tailor-made to suit the industry’s requirements. We are confident that these contracts will be of significant benefit to traders, farmers and flour mill owners with good open interest to meet the hedging need of the industry. We estimate good participation from producers, processors and exporters among others,” said Mr. Joseph Massey, MD & CEO, MCX.
MCX SUGARMKOL EX - KOLHAPUR 20 April 2012
contract was trading at
Rs 2960 . What's your view on it?
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