Amidst the weak demand outlook, commodities will witness a ‘soft landing’ in 2012 as opposed to ‘crash landing’ that occurred in 2008, George Iype said.
Indian commodity futures volumes have recorded a healthy growth of 70% for 2011-12 April to November period at over Rs 113 lakh crore. Commodity volumes may grow upto 100% this financial year and riding on this growth, Commodity Online- the leading provider of information, research, futures and spot market trading services in commodities, is set for major expansion extending its reach to various cities across the country through franchisee building, opening new offices and through its internet trading platform, George Iype said.
The trading arm of the group company, Celebrus Commodities Ltd, is being brought under Commodity Online trading brand to be unveiled by Prof K V Thomas, Hon. Union Minister of State for Consumer Affairs, Food and Public Distribution on December 10, 2011 at Hotel Dream, Kochi. Mr Jignesh Shah, Vice Chairman of Multi Commodity Exchange of India and Chairman and CEO of Financial Technologies Limited will deliver the key note address and unveil the new bullion portal of the company, www.bullionstreet.com.
“Commodity Online trading brand and logo will help the group to leverage on the strength of its flagship brand, which is already providing quality information and research for the growing community of commodity traders in India,” Mr George Iype, Managing Director, Commodity Online India Ltd said.
The group commenced trading activities in July 2010 and has witnessed tremendous growth in volumes in tune with the rapid growth in commodity futures volumes in the country.
Agri-commodities have witnessed positive gains in prices which reflect the fundamentals and the need for policy intervention to address supply side issues, according Mr Binu Alex, Director (Research) at Commodity Online.
Indian agriculture stakeholders suffer from lack of timely market data and analysis and hence Commodity Online has launched an agri data service to provide up-to-date information and analysis on key agricultural crops that will be useful for traders and investors in both spot, futures and export markets, Mr. Alex said. This would complement the futures market that provides a transparent price discovery and hedging mechanism for the farmers and traders in the country
Corporate Profile: Commodity Online Group
Commodity Online India Ltd (COIL), through its flagship information portal, www.commodityonline.com has emerged as a leading provider of information, research, technical analysis and advisories on commodities to a growing population of traders and investors in India.
COIL is headquartered in Kochi and has its research hub in Ahmedabad. The holding company, COIL also runs the trading arm of the group, Celebrus Commodities Ltd, that has emerged as a major commodity brokerage in India.
Commodity Online has set up one of India’s largest research house in commodities at Ahmadabad that caters to the diverse needs of investors.
For More Information
Contact: Mr Sreekumar Raghavan, Chief Strategist, Commodity Online India Limited
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Commodity Online, promoted by Commodity Online India Ltd is lndia's leading provider of news, market data, analysis and advisories on commodities traded across the globe. It has strong editorial and research team based in Ahmedabad and Kochi in India