Commodities

Ace announces final settlement price of June contracts

PTI Mumbai | Updated on June 21, 2011

Ace Derivatives and Commodity Exchange Ltd, a Kotak Group anchored commodity exchange in India, has announced the final settlement price of five future commodity contracts which expired on June 20.

The exchange said that the final settlement price of chana was fixed at Rs 2,521 per quintal, soyabean Rs 2,256.50 per quintal, sugar Rs 2,542 per quintal, mustard Rs 2,839.75 per quintal and refined soya oil Rs 634.35 per 10 kg, the exchange said in a statement here today.

The final settlement price of castor seed futures contract, which expired on June 14, was fixed at Rs 4,516.50 per quintal.

The exchange saw widespread participation across all categories of market participant, and witnessed an increase in traded volumes and open interest.

The highest open interest recorded for refined soya oil was 29,840 MT, soyabean 16,200 MT, Chana 13,450 MT, mustard seed 31,830 MT, castor 2,940 MT and sugar 910 MT.

Ace Derivatives and Commodity Exchange Ltd, a screen-based online derivatives exchange for commodities, is engaged in agriculture, bullion and base metals futures.

Published on June 21, 2011

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