BUSINESS LINE INITIATIVE
An awareness and education seminar on agri-business and commodity price risk management will be held at 5.30 p.m. on November 15 at Hotel Coastal Residency, Tiruchengode Road, Ayyampalayam, Namakkal in Tamil Nadu.
The event is part of an ongoing initiative by The Hindu Business Line jointly with the Forward Markets Commission (FMC), the commodity futures market regulator under the Union Ministry of Consumer Affairs, and the National Commodity and Derivatives Exchange (NCDEX).
Commodity producers, processors, traders, importers, exporters and related others face price risks in the volatile marketplace.
If not managed scientifically, volatility and adverse price movements can hurt current business prospects and future growth. Risk management is the way forward.
The seminar intends to create an awareness among market participants about the need to follow price risk management practice.
Hedging is a scientific way of managing commodity price risks.
Namakkal has a vibrant poultry industry in addition to other agri-businesses. D. Jagannathan, District Collector, will inaugurate the event as the chief guest. Special invitees include R. Nallathambi, President, Tamil Nadu Poultry Farmers’ Association, P. Selvaraj, President, NECC, Namakkal zone, and N. Elango, President, MSME, Namakkal district.
The seminar will feature expert speakers who will make presentations on a range of relevant topics.
G. Chandrashekhar, The Hindu Business Line, will speak on ‘Commodities as key driver of India’s economic growth’ while Davey Cherimulla, Assistant Manager, NCDEX, will explain the exchange perspective and speak on ‘Benefits of commodity futures trading and price risk management’.
There will be a Question & Answer session at the end of formal presentations.
To participate in the event, prior registration is required. Contact: A. Balaji on 94434 57133.
Keywords: education seminar on agri-business and commodity price risk management in Namakkal, Forward Markets Commission, hedging, seminar in Hotel Coastal Residency, Tiruchengode Road, Ayyampalayam, Namakkal, National Commodity and Derivatives Exchange