Gujarat Chamber of Commerce & Industry, in association with Forward Markets Commission (FMC) and MCX, organized a Seminar on Metal Hedging on July 24, 2014 at 05:00 PM at GCCI. The objective of the seminar was to encourage Small and Medium Enterprises (SME) to adopt effective price risk management tools such as Hedging.
In his welcome remarks, Shri Rakesh Shah, President, GCCI said that in today’s difficult scenario of volatile prices, high uncertainty prevails in raw material prices of metals, which causes reduction in profitability of consuming industries. In such a scenario, hedging techniques can help the companies to lock the purchase cost of the metal and safeguard from price risks.
In his presentation, Shri Sameer Kenia, Sr. Executive - PKMT, MCX highlighted various aspects of risk management, hedging techniques, commodities trading through futures contract, etc. Further, Shri Aurobindo Prasad, Research Head, Karvy Comtrade enlightened the participants about the outlook of metals market in coming times to help the participants in understanding commodity futures exchange in effective manner.
The seminar concluded with questions from participants and Vote of Thanks by Shri Bhavesh Patel, Hon. Secretary (Regional), GCCI.