Second Lecture of “ICAR-CIRCOT Centenary Lecture Series” held on 23rd February, 2024

ICAR-Central Institute for Research on Cotton Technology, Mumbai in commemoration of its centenary year celebration is organizing a lecture series from experts in the domain of Cotton Value Chain, technical textiles, by-produce and biomass value chain.

The second lecture in this series was delivered by Shri Arnav Datta, Head Warehousing Operations, Multi-Commodity Exchange Clearing Corporation Limited (MCX), Mumbai on the topic “Effective Risk Management – Kapas and Cotton Contracts”. The lecture was organized in the Conference Hall of ICAR-CIRCOT on 23rd February, 2024 at 3.00 pm.

At the outset, Dr. S.K. Shukla welcomed the speaker and introduced to the audience the genesis and growth of the institute over the century. Shri Arnav Datta in his lecture emphasized on the role of the commodity markets as a platform to minimize the risk of price volatility that is predominant in the cotton markets. He lucidly explained the ‘futures’ trading in cotton and on the relevance of the commodity exchanges in price discovery mechanism that will guide the stakeholders in the cotton value chain to take appropriate decision based on the price signals. Shri Abhishek Govilkar from MCX, who was instrumental in designing the cotton contracts for the exchange, gave a glimpse on the basics of how the contract works and the benefits offered in this platform to the Farmer Producers Organization (FPO) for their active participation. The lecture provided fruitful insights to the audience on risk minimization through ‘futures’ trading in kapas and cotton.

The Lecture was attended by Scientists & Technical Officers of the Institute, academicians, and researchers in the cotton domain.