Jet fuel futures contract takes off at MCX

The exchange says its Aviation Turbine Fuel (ATF) contracts are a response to increased demand for ATF due to the introduction of budget airlines and increased air-traffic in India.

Consumption of jet fuel has increased by 77% globally since the year 2000, according to the MCX. India is self-sufficient in its production of ATF, turning out 7,805,000 tonnes a year and exporting 3,662,000 tonnes per year.

“By launching ATF contracts we have given customers an additional opportunity to trade wi