Mumbai, July 14, 2016: Continuing with its spirit of growth and financial inclusion, which is the hallmark of India’s No. 1 commodity exchange, Multi Commodity Exchange of India (MCX) organized 43 educational and awareness programmes across the country on the importance of commodity futures market, and price risk management in June.
These programmes were organized in association with various reputed Institutes and, Trade and Business associations such as Madhupur Chamber of Commerce, MSME Development Institute, Sathyamangalam Jewellery Association, Bareilly Sarafa Welfare Association, The Institute of Company Secretaries of India (Ranchi Chapter), Uttar Pradesh Vyapar Mandal, The Southern India Engineering Manufacturers Association, Madurai Management Association, Kollegal Jewellers Association, and Mahakoshal Chamber of Commerce and Industry to name a few, in the tier II & III cities of Gujarat, Telangana, Odisha, Madhya Pradesh, West Bengal, Kerala, Tamil Nadu, Rajasthan, Karnataka, Uttarakhand, Jharkhand, and Assam.
With an aim to achieve the agenda of ‘inclusive’ growth, since inception, MCX has focused on offering a transparent electronic platform for price discovery, hedging and price risk management, which has become the key and critical framework for commodities in India. Moreover its continuous outreach efforts in educating the commodity stakeholders including students, executives, traders, jewelers, SMEs, and MSMEs across the country spreading awareness about the importance of hedging would further bring more number of commodity value chain participants into the futures market fold, thus enabling equitable growth of the commodity market in India.
During these programmes, MCX experts elucidated the importance and need for risk management measures, benefits of hedging, role of commodity futures exchanges. They further highlighted the importance of futures market as tool for price discovery and price risk management. In today’s increasingly globalised world where, commodity markets in India respond to the global fundamentals of demand, supply, policy actions, market expectations, and the like, the participants in the commodity market ecosystem across the value chain of different commodities are made aware and educated by MCX about commodity price fluctuation risks they may run into, and how they can benefit from keeping themselves abreast with the markets and use commodity futures to their benefit.
