MCX launches cotton seed wash oil futures, offers cash-settled contracts

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MCX launches cotton seed wash oil futures, offers cash-settled contracts - Business Standard

Quick Summary:

Contracts will be cash-settled, providing greater convenience and efficient opportunity for risk management for participants across the supply chain, the statement added.

Each contract will have a trading unit of 5 tonne with a base value quoted in Rupee per 10 kg at Ex-Tank Kadi, Gujarat, MCX said in a statement.

Leading commodity bourse MCX on Tuesday announced the launch of cotton seed wash oil futures.