Perfectly timed contract launches by MCX, it cannot get better than this,post the soya oil ban and hedgers wanted an alternative.I am now sure that the MCX IPO is on schedule, i also wanted to add that my guess is that they would have been dissappointed that the new rbi guidelines for setting up of the FX exchange does not include commodity exchanges and includes only existing stock exchanges recognised by sebi(or new stock exchanges although to my knowledge there has been no new stock exchange recognised by sebi for more than a decade)
Personally my view on the prices of these commodities/instruments is that it can go only one way up but first let me tell you what a CER is I had blogged about this in the past when i had asked an honest question are we ready for carbon trading ?
Certified Emission Reductions (CERs) are climate credits (or carbon credits) issued by the Clean Development Mechanism (CDM) Executive Board for emission reductions achieved by CDM projects and verified by a DOE under the rules of the Kyoto Protocol. CERs can be used by Annex 1 countries in order to comply with their emission limitation targets or by operators of installations covered by the European Union Emission Trading Scheme (EU ETS) in order to comply with their obligations to surrender EU Allowances, CERs or Emission Reduction Units (ERUs) for the CO2 emissions of their installations. CERs can be held by governmental and private entities on electronic accounts.
CERs are split into long-term (lCER) or temporary (tCER), depending on the likely duration of their benefit.
Presently, most of the approved CERs are recorded in CDM Registry accounts only. It is only when the CER is actually sitting in an operator's trading account that its value can be monetized through being traded. The UNFCCC's International Transaction Log has already validated and transferred CERs into the accounts of some national climate registries , although European operators are waiting for the European Commission to facilitate the transfer of their units into the registries of their Member States.
Coming To CPO I personally want the price of cpo to go so high that there is a disruptive demand shift on this commodity. We dumb arrogant humans fail to realise that we are guests/visitors to this planet and think that we own the whole dam place.
This summer My family and I had an opportunity to visit the equatorial rain forests of south east asia, The feeling was scary, huge tracts of rain forests are being destroyed to grow palm (not for food but as a bio diesel). Huge amounts of beautiful wild animals are going extinct,including the bornean orangutan.
And that the next time if and when we come here again there would be no forests but only malls.When I told tejas this he just cried.
The irony is so apparent in the photo where my kid is seeing outside our hotel room, outside one window there is a concrete jungle and through the other one there is a jungle.
God save our arrogance.
MY Price view for both these commodities CPO is always a buy,and i pray that prices go so high that people cannot afford to consume it and hence stop using that, coz atleast that will save the Malaysian Orangutan
After suspension of soyoil futures in early May, Indian edible oil importers were planning to shift abroad for their hedging needs, analysts said.
The contract is Kandla delivery-based as most of the imports come through this port, the official said. The pricing will be high sea-base, which is delivery prices exclusive of local taxes.
The trading unit is 10 tonnes, while the daily initial fluctuation limit is 2 percent and final fluctuation allowed is 4 percent.
The bourse will offer July, August and September as the initial contracts of trade.
The rival National Commodity and Derivatives Exchange has an illiquid crude palm oil contract.
am trying to locate the snaps of palm oil plantations that i took, will post the one with forest which we could infact view from our resort.
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