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MCX and Ramgarh Chamber of Commerce and Industry jointly organised an awareness programme for commodity stakeholders

395 Days ago

Ramgarh (Jharkhand), August 26, 2015: Targeted towards educating the commodity stakeholders in Ramgarh, Jharkhand, about hedging price risks arising from the volatility in commodity prices, Multi Commodity Exchange of India Ltd. (MCX) organised an awareness programme in association with Ramgarh Chamber of Commerce and Industry on August 25, 2015.

This enlightening seminar gave the participants an overview of the world of commodity futures trading. The experts from MCX elucidated about the commodity futures market, which is a mechanism for effective price risk management and price discovery.

They further explained about commodity price risk management, which assumes great importance for the commodity value chain participants, especially in view of the ongoing uncertainty, volatility and price fluctuations in commodity markets, which is the outcome of factors such as, demand and supply fundamentals, geopolitical risks etc.; and the resultant impact on business strategies and other economic activities.

Besides the functioning of Commodity Exchanges, the speakers also explained the commodity market operations & market dynamics, fundamental principles of price risk management, and the regulatory perspective.

Mr. Manjee Singh, President, Ramgarh Chamber of Commerce and Industry said “Commodity Exchanges such as MCX are an excellent platform for SMEs, and other participants from the commodity spectrum for trading futures contracts of different commodities, thereby enabling them to efficiently manage their price risks.”

“We were able to get a fair understanding about the intricacies and the functioning of commodity exchanges, including the benefits of hedging”, said Mr.Arun Kumar Roy, Secretary, Ramgarh Chamber of Commerce and Industry

The participants showed keen interest in the programme, and were keen to learn more about the various innovative futures contracts in the bullion, base metals and agri segment offered by the Exchange.

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