Financial Daily from THE HINDU group of publications
Saturday, Aug 24, 2002

Port Info

Group Sites

Agri-Biz & Commodities - Oilseeds & Edible Oil

Chennai to host meet on palm oil futures

Our Bureau

MUMBAI, Aug. 23

THE Malaysian Derivatives Exchange (MDEx - formerly Kuala Lumpur Commodity Exchange) is organising a seminar on palm oil futures trading in Chennai on September 6.

Called "Minimising Risk and Optimising Return with Crude Palm Oil Futures'', the seminar will discuss topics such as the importance of price risk management given the current status of Indian edible oil industry; understanding futures and its benefits as an effective price risk management tool; edible oil market and price outlook etc.

Analysts from Malaysia and India are expected to make presentations on CPO futures and their relevance to India. Perspective of contract users will also be presented.

Dr. Zaha Rina Zahari, chief operating officer of MDEx will address the meeting, while Mr. Anand Kumar Bhatt, Chairman of Forward Markets Commission will deliver the keynote address.

India is not only the world's largest importer of vegetable oil, but also the largest buyer of various palm oils. In 2000-01, out of total import of 48.3 lakh tonnes (lt), palm group of oils accounted for 29.5 lt.

Volatility in the market creates price risks for players which can be hedged by using CPO futures contracts, Mr Allan Au-Yong, business development manager of MDEx told Business Line. Malaysia is the world's largest producer and exporter of palm oil.

Send this article to Friends by E-Mail

Stories in this Section
South horticulture exports up 18 pc

Rubber prices rule steady
EU's sugar regime a spoilsport for ryots in poor countries
Govt to blame for raw sugar imports
`AP Rice production likely to fall short of target'
Dilution of packaging order likely to hit jute sector hard
Chennai to host meet on palm oil futures
Kerala university develops organic package for cashew
New relief measures for coffee growers
Central coffee team to visit Karnataka
Huge potential seen for organic farming

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line