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Mumbai, June 19 In a bid to create awareness on futures trading among edible oil producers, National Commodity & Derivatives Exchange Ltd (NCDEX) has signed a memorandum of understanding with Bikaner Oil Mills Association, Bikaner and Shri Bikaner Kachchi Aadat Vyapar Sangh, Bikaner.

NCDEX and the associations will jointly develop contract specifications which meet the business requirements of the members of the associations.

The associations, in turn, will promote trading futures among its members and customers.

Mr Unopam Kaushik, Chief Business officer, NCDEX, said, both our spot and futures market will benefit from this partnership especially in rape/mustard seed, groundnut, guar seed, and guar gum.”

More Stories on : Oilseeds & Edible Oil | Commodity Exchanges

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