Commodity Trading In India
A futures contact is a binding, legal agreement to buy (take delivery) or sell (make delivery of) a commodity. The terms of a futures contract are standardized by type (corn, wheat etc), quantity, quality, and delivery time and place. The variable portion of the contract is the price, determine at the time of trade in a process called price discovery that takes place on trading floor.
Conventional commodity trading in India is of spot or ready delivery nature under which the delivery
