Ace Derivatives and Commodity Exchange Ltd (Ace) today announced it will commence futures trading in RBD Palmolein from November 5.

“RBD Palmolein contract has been designed to provide an effective risk management and price discovery platform for all the stakeholders – importers, traders, processors as well as retail participants,” company’s CEO Dilip Bhatia said in a release.

Ace, a Kotak Mahindra Group-anchored commodity exchange, is launching three contracts of RBD Palmolein expiring in November 2012, December 2012 and January 2013, with delivery centre at ex-Tank Kandla.

The price quotation is in Rs per 10 kg and the trading unit for the contract is 10 tonne.

Ace had recently launched trading in Cotton (bales) contract, and with the addition of RBD Palmolein, now offers trading in nine agri commodities.

(This article was published on November 2, 2012)
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