Awareness Program on Commodity Market Price Risk Management
by Shrutee K/DNS
IMC Chamber of Commerce and Industry is a SEBI-accredited training institution for commodity derivatives market. In association with Thane Belapur Industries Association, IMC conducted an awareness and training program on commodity market price risk management. TBIA has over 600 members drawn from different sectors of the economy including manufacturing, trade and services. The program was powered by MCX, India's leading commodity derivatives exchange. Over 70 participants including businessmen from MSME sector, professionals and students participated.
Mr. G. Chandrashekhar, Economic Advisor, IMC, discussed India's macro-economy, commodity intensity of India's growth, risks associated with the physical market and price risk management through hedging. Ms Rashmi Nihalani, AVP Metals- PMT, MCX, explained the role and functions of an exchange, hedging and settlement process as well as benefits of hedging. She highlighted the Price Risk Management using MCX Metal Deliverable Contract. The proceedings were interactive.
IMC believes, there is now a huge economic interest in commodities. Given the huge uncertainties in the marketplace, there is keen desire among commodity value chain participants to learn more about price risk management through hedging.
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