Page 4 - MEX-Yearbook-2017

Editorial Desk
From Left to Right: Ms. Prerana Bhattarai, Mr. Vivek Risal, Mr. Amit Pyakurel & Mr. Nirish Tandukar
“Let’s pick up from where we left off”
It seems like yesterday we launched the MEX Yearbook 2010. The memories of
launching the first edition are not yet old and we are here with the 8th edition. The Yearbook has been a combined effort of various individuals. The editorial
Continuing its legacy of playing an instrumental part in the development of the
commodity market and imparting knowledge, the Yearbook chronicles into an
impeccable platform for many stakeholders to share their views and opinions
regarding the commodity market.
The previous year has witnessed some important events which have affected
the commodity market. On the international front, the Federal Reserve was
sporadic in the headlines with increased interest rates throughout the year.
Nearer home, the country observed both federal and provisional level elections
in the same year with a rekindled hope for a stable government. Moreover, with
the formulation and implementation of Commodity Act and Rules-2017, years
of indomitable patience and dedication has now reaped the desired results.
New rays of hope and assurance has incorporated the commodity market
stakeholders as SEBON will supervise the commodity market, which will offer
greater transparency in the trading process coupled with bringing uniformity in
general practices among the various commodity exchanges.
Like in the previous issues, the Commodity Insights of various commodities
available on the MEX terminal have been included to deliver basic information
and the volumes of the corresponding commodities.
The experts’ opinion is a highlighted section where specialists from numerous
disciplines pen their thoughts on a topic considered necessary to acquaint to the Dear Readers,
readers. The Yearbook has been a platform where experts’ views are conveyed
to the readers, increasing readers’ knowledge horizon regarding commodity
market and its practices. The editorial team would like to appreciate the experts encompasses almost all corners of the commodity business in Nepal. I would
for their time and efforts they have put in their respective articles.
Additionally, the highly admired section of Yearbook - MEX Almanac archives
the major world affairs that have shaken and driven the commodity’s value.
The MEX Almanac has provided a platform for the readers to understand and
evaluate the trend a particular commodity has followed because of certain
events which will equip them for such events in the future.
Furthermore, the editorial team has included various research papers in
this edition to elucidate their thoughts on several issues. The first article is
on Structured Finance in Context of Nepalese Agriculture Sector, which
highlights the various prospects and challenges of standardizing agriculture
products. Gold and US Rates: An Important Yet Complicated Relationship! is
another interesting piece of work about how the historically strong relationship
between gold and US rates sometimes may not hold true. Lastly, Palladium:
3 | MEX NEPAL YEAR BOOK 2017
Metal on Fire is about the surprising trend the metal observed, undermining the
other commodities in the asset class.
team would like to express our unfeigned gratitude to our in-house designer,
Mr. Surya Shrestha for the endless hours of efforts, and his exemplary vision
of turning the yearbook a reality. Likewise, we would also like to show our
profound gratitude to our CEO, Mr. Jitesh Surendran for his constructive
ideas, incomparable guidance and support, and timely advices without which
MEX Yearbook would not be possible. Moreover, we would like to thank our
guest editor, Mr. Gem Kumar Rokka for sharing his thoughts, experiences and
valuable advices for the improvement of the Yearbook. We would also like to
appreciate our ardent readers for their suggestions and feedbacks relating to
the Yearbook. Finally, the support, guidance and suggestions of the various
departments has been commendable to shape the Yearbook into a better product
every year.
2017 has been a year where the commodity market has seen a great lift at the
national level with the implementation of the regulation. There is still a long
way to go, but the first step has been taken towards that unheralded journey. We
have embarked on a long and winding road with opportunities flanking on both
the sides. Let us grab those o pportunities.
Till the next issue, enjoy the journey!
It was a proud moment when MEX Nepal invited me to be the guest editor
for the very essential, informative and precise book of comprehension which
also like to congratulate the editorial team who have annually published the
yearbook for the Nepalese commodity market thereby driving the market
education and development forward. Additionally, I want to assure that there
are high levels of precautions which have been taken for each page of the book
in terms of information and authenticity.
Happy Reading!
Gem Prasad Roka
Managing Director
Add Cash Investment Pvt. Ltd.
Guest Editor