"Currently there are no specific plans to enter into (futures) trading, but when there are sufficient volumes and if it is required to mitigate the price risk then we may have to do it," Reliance Retail, President and Chief Executive (Agri and Food Supply Chain) Sanjeev Asthana told PTI on the sidelines of the launch of the company's outlet in Hyderabad.
In the event of its entry into futures trading, it will start with hedging staples, he said, adding that "today the quantities are not large enough to warrant such
hedging but in time if we have to do it, we will do it".
At present, the plan was to essentially link the retail store to supply chain, he said, but added that "if we have to use it for the purpose to add further value to the customers we will use it".
Earlier, addressing a press conference, company officials said with effective supply chain management, prices would be kept competitive and also be consumer driven.
The move to tap the future trading route could be significant looking at the volatility in the prices of staples like pulses, wheat, sugar and vegetables such as potato.
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