Agritech startups innovating rapidly to connect with farmers

Agritech startups in India are innovating and making multiple changes to their processes to maintain connections with farmers, during the pandemic crisis. The startups, which have been working on helping farmers improve productivity, are helping farmers with access to raw materials and farming equipment. Some of them are also streamlining supply chain for better demand […]

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NCDEX to publish two rainfall-based indices, not for trading

TheNational Commodity and Derivatives Exchange Limited (NCDEX) will publish two national-level rainfall-based indices on June 10, 2020 that would track the systematic rainfall movement in the country – the Indian Monsoon Index (Cumulative Monsoon Index) and Indian Rain Index (Monthly Cumulative Rainfall Index), reports Economic Times. NCDEX has partnered with Skymet Weather Services Private Limited, […]

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COVID-19 to plunge global economy into worst recession since World War II

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The swift and massive shock of the coronavirus pandemic and shutdown measures to contain it have plunged the global economy into a severe contraction, the World Bank said, adding that the global economy was expected to shrink by 5.2% this year.  “That would represent the deepest recession since the Second World War, with the largest […]

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NCDEX launches agriculture index futures, trading to start today

The National Commodity and Derivatives Exchange (NCDEX), India’s largest farm produce-centric online trading platform, has launched Agridex, a purely indigenous agriculture composite index futures trading system. The new index will start trading from today, 26 May, 2020. Agridex is totally domestic and will represent produce grown in India. The index is also not linked to any external […]

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NCDEX to launch tradeable agri index to hedge risk in underlying commodity

The National Commodity & Derivatives Exchange (NCDEX), India’s largest agri-centric commodity futures trading platform, is planning to launch first of its kind a tradable composite agri index “Agridex” by the end of May which will be open for retail and institutional participants to hedge risk in the underlying commodities. The cash-settled Agridex will comprise 10 leading […]

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Most commodity prices to drop in 2020 as coronavirus depresses demand and disrupts supply

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The global economic shock of the COVID-19 pandemic has driven most commodity prices down and is expected to result in substantially lower prices over 2020, the World Bank said. Energy and metals commodities are the most affected by the sudden stop to economic activity and the serious global slowdown that is anticipated. Commodities associated with […]

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Sebi proposes one commodity, one exchange model to make India influence global prices

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To deepen and grow commodity markets in India with an intention to make India a price-setter than a price-taker, the Securities and Exchange Board of India has proposed, ‘one commodity, one exchange’ plan even though currently multiple exchanges are allowed to launch contract on the same commodity to create competition and give choice to investors, says a report in Business […]

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Commodities outlook appears positive for 2020 but challenges persist

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The year 2019 has been a rollercoaster ride for commodities market, however, we are ending on a promising note. Reuters/CRB commodities index has gained 10 per cent this year, the highest since 2010. Palladium tops the list of gainers and has risen more than 55 percent. Some of the other best performing commodities which have […]

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Commodity Participants’ Association to create investor database to rein in defaulters

The Commodity Participants’ Association of India plans to create a registry of individual clients trading on the exchange platform to avoid defaulted members from one exchange moving to another. It has been observed that some clients who were banned in the recent castor-seed crisis in NCDEX, had moved to other exchanges in the absence of […]

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Phoneix-Harshna partnership to improve back-end agri infrastructure in Kashmir

BY RITWIK SINHA Dubai-headquartered Phoniex group, a leading player in global rice and commodities trade and distribution, and Delhi-based Harshna Group known for cold chain solutions, have forged a partnership to create advanced back-end agri infrastructure in the country which would also include Kashmir where both partners have a presence. Harshna group has the largest […]

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