Need to hedge commodity price risk emphasised
Wednesday, 2 July 2008
The City Bank Ltd organised a workshop on "Hedging Commodity Price Risk" in Chittagong recently, said a press release.
The City Bank Ltd was the first bank among all the commercials banks to hold such a workshop for all major commodity traders in Chittagong.
Representatives of all major corporate houses of Chittagong, i.e., PHP Group, Abul Khair Group, MEB Group, BSRM, S Alam Group etc. were present in the workshop.
The session was conducted by Head of Treasury and Market Risk of the bank Sheikh Mohammad Maroof. The speakers held a brief discussion on commodity derivatives and various tools to hedge the commodity price risk. They also focused on the global trend of commodity price and the 2008 outlook of global commodity maiket. Given the recent trend in global commodity market and local inflation it is high time for the commodity traders to hedge the price risk, they said.
The treasury division of the bank has a full range of products which will help the business houses to hedge the commodity price risk. Head of Corporate and Investment Banking of the bank Yusuf Saeed and Area Head (Corporate and Investment Banking) AHM Humayun Chowdhury and other high officials of the bank were also present in the workshop.
The City Bank Ltd was the first bank among all the commercials banks to hold such a workshop for all major commodity traders in Chittagong.
Representatives of all major corporate houses of Chittagong, i.e., PHP Group, Abul Khair Group, MEB Group, BSRM, S Alam Group etc. were present in the workshop.
The session was conducted by Head of Treasury and Market Risk of the bank Sheikh Mohammad Maroof. The speakers held a brief discussion on commodity derivatives and various tools to hedge the commodity price risk. They also focused on the global trend of commodity price and the 2008 outlook of global commodity maiket. Given the recent trend in global commodity market and local inflation it is high time for the commodity traders to hedge the price risk, they said.
The treasury division of the bank has a full range of products which will help the business houses to hedge the commodity price risk. Head of Corporate and Investment Banking of the bank Yusuf Saeed and Area Head (Corporate and Investment Banking) AHM Humayun Chowdhury and other high officials of the bank were also present in the workshop.