India?s leading exchange, multi-commodity exchange (MCX), re-launched Kandla delivery-based crude palm oil Futures on Friday. According to MCX officials, the contracts were redesigned to suit importers? needs.
The MCX had suspended soyoil Futures in early May. According to officials, the MCX contract is Kandla delivery-based as most of the imports come through this port.
The trading unit is 10 tonne, while the daily initial fluctuation limit is 2% and final fluctuation allowed is 4%.
The bourse offered July, August and September as the initial contracts of trade.