Ace announces final settlement price of 4 future contracts

PTI Mumbai | Updated on March 19, 2011 Published on March 19, 2011

(from left) Mr. Bhupinder Singh Hooda, Chief Minister of Haryana with Mr. Uday Kotak, Vice Chairman & Managing Director, Kotak Mahindra Bank and Mr. Dilip Bhatia, CEO, ACE Commodity Exchange (file photo): Paul Noronha   -  Business Line

Ace Derivatives and Commodity Exchange (ACE), a Kotak Group anchored commodity exchange, today announced the final settlement price of four future commodity contracts, which expired on March 18.

The exchange has fixed final settlement price of Rs 2,512.50 per quintal for chana, Rs 2,288 per quintal for soya bean, Rs 2,957 per quintal for sugar M and Rs 603.55 per 10 kg for refined soya oil, ACE said in a statement here.

The castor seed futures contract expired on February 15, and its final settlement price was fixed at Rs 4,794 per quintal.

The exchange saw wide participation across all categories of market participants and witnessed increase in traded volumes and open interest.

The highest open interest recorded for refined soy oil was 16,810 tonnes, soybean 12,950 tonnes, chana 19,290 tonnes, mustard seed 7,660 tonnes, castor 970 tonnes and sugar 300 tonnes, it said.

“We are encouraged by the enhanced participation and open interest. The Exchange is being used as an effective risk management and price discovery platform by various entities with exposure to commodities,” Ace CEO, Mr Dilip Bhatia said.

Published on March 19, 2011
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