Source : MCX India Limited
Friday, February 20, 2015 2:00PM IST (8:30AM GMT)
 
Overwhelming Response to Commodity Awareness Programmes Organised by MCX
 
Kolkata, West Bengal, India

With an intent to make the commodity value chain participants aware about the economic functions, and benefits of the commodity futures market, Multi Commodity Exchange of India Ltd (MCX) and Forward Markets Commission (FMC) organised commodity awareness programmes at Durgapur, and Kolkata on February 18, 2015, and February 19, 2015 respectively. These programmes were organised in association with Durgapur Chamber of Commerce and Industry, and Purulia Chamber of Trade and Industry.
 
The experts from MCX were equipped with the knowledge on commodity futures market, so as to enable the participants to get well versed with the technicalities of working of the commodity markets with respect to the products, price discovery, transparency and risk management mechanism in trading and settlement of transactions. Additionally, they highlighted the role of FMC in regulating and monitoring the functions of commodity exchanges in building confidence of the market participants, and for the growth of Commodities Market in India. They further elaborated on the topics such as the benefits of hedging, role of commodity futures exchanges, and the regulatory perspective.
 
Mr. Rama Prasad Halder, President, Durgapur Chamber of Commerce and Industry said, “The joint effort of FMC and MCX in creating awareness, and educating the stakeholders of the commodity ecosystem on the benefits of commodity futures market, and the importance of price risk management is commendable.”
 
“Through this programme the participants got an opportunity to understand different aspects of the commodity derivatives market. Additionally, the experts from MCX provided the exchange perspective and highlighted the importance of futures market as tool for price discovery and price risk management”, he added.
 
Mr. Gobinda Mukherjee, President, Purulia Chamber of Trade and Industry said, “Undoubtedly commodities derivative market is an integral part of a country’s market infrastructure, and is immensely beneficial to all the constituents of the commodity market ecosystem. All participants of the commodity market ecosystem across the commodity value chain are exposed to price risk, which can be hedged by participating on regulated commodity exchanges such as MCX.”
 
The programmes, specifically designed to give market participants a detailed approach to price risk management, witnessed overwhelming response, and the queries put forward by them were effectively answered by the experts
 
About MCX:  

Having commenced operations on November 10, 2003, Multi Commodity Exchange of India Limited (MCX) is India’s first listed, national-level, electronic, commodity futures exchange with permanent recognition from the Government of India. MCX offers the benefits of fair price discovery and price risk management to the Indian commodity market ecosystem.  Various commodities across segments are traded on MCX. These include bullion, energy, metals and agri commodities. The exchange has forged strategic alliances with various Indian and International commodity exchanges and business associations. 

 
Media Contact Details

Shivani Sharma, Manager – Communications MCX India Limited, ,+91-9833376243 , Shivani.sharma@mcxindia.com