Topic
hedging
NCDEX to Launch Guar Korma Futures on July 24 to Help Exporters Hedge
NCDEX will launch guar korma futures on July 24, 2026, to help exporters, processors, and cattle-feed manufacturers hedge price risks. India produces 80% of global guar korma, a high-protein feed ingredient. The contract will be ex-warehouse Jodhpur with compulsory delivery.
India ramps up Russian, UAE oil purchases as refiners hedge ahead of Hormuz full reopening
India increased crude oil imports from Russia to an average 2.66 million barrels per day in June (through June 19), up from 1.91 million bpd in May, while maintaining near-record UAE imports at 636,000 bpd ahead of the Strait of Hormuz reopening, according to Kpler data. The purchases reflect refiners' hedging strategy amid ongoing geopolitical risks, with Russian discounted barrels and UAE supplies offsetting Gulf uncertainty. LPG flows are expected to normalise fastest once the strait fully reopens.