NCDEX sets FSP for four commodities

NCDEX sets FSP for four commodities

New Delhi: National Commodity and Derivatives Exchange Ltd (NCDEX) on Thursday announced the final settlement price (FSP) of crude oil, furnace oil, raw jute and sugar of October contract.

NCDEX has fixed FSP for Brent crude oil that expired on October 16 at Rs3,308.50 per barrel.

“FSP of furnace oil would be Rs20,063 per tonnes, while the prices of raw jute and sugar would be Rs1,193.10 per quintal and Rs1,440 per quintal respectively," NCDEX release said, adding contract of these three commodities ended on October 17.

In case of delivery default, NCDEX would debit a penalty of 2.5 per cent from the seller’s account on the day of ‘delivery and funds pay in pay out´. While the difference between the final settlement price and the last available spot price prevailing on the day of the delivery, if any, would be settled on the next working day, it added.