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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Indian commodity exchanges report 38% decline in daily volumes during May 2020

Indian commodity exchanges have reported 38 per cent decline in commodity derivatives business since the Covid-19 pandemic started spreading across the country. Between February and May, the daily average turnover in commodity futures trading slumped by 38%. India’s largest commodity exchange, the Multi Commodity Exchange of India (MCX), reported its daily average turnover (DAT) at Rs 15,658 […]

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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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NCDEX maintains its iron grip on agri-derivatives; controls 72% market share

The National Commodity & Derivatives Exchange (NCDEX) has stated that it has maintained its leadership position in January with its performance in the agri-commodities segment. The exchange led the agri-derivatives market in India across number of contracts, open interest in value and traded value. Reflecting 72 per cent of total market share, the exchange registered […]

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Farmers may soon start trading electronic warehousing receipts on e-NAM

Integration of electronic negotiable warehousing receipts (e-NWR) with the Electronic National Agriculture Market or eNAM, as announced by the Finance minister in her Budget speech on Saturday, is expected to be complete in one or two months. Warehouse receipts are issued by repositories who keep electronic records of goods deposited in a warehouse and subsequent transfers, in […]

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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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NCDEX ties up with NSE Indices to launch AGRIDEX, India’s first agri index

In a major move, the National Commodity and Derivatives Exchange (NCDEX) has launched India’s first agri index — ‘NCDEX Agridex’, for easy reference to price variations in agricultural commodities, reports Business Standard. Launched with a composition of 10 leading liquid contracts on the NCDEX platform at present, the index is now available as ‘indicative’. It will be made […]

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Indian basmati exporters find hedging tool amid Iran uncertainty

Indian exporters of basmati rice, who have been facing uncertainty due to tensions between leading buyer Iran and the United States, will probably breathe easier with the launch of a futures contract that will enable hedging against such risks.   The National Commodity and Derivatives Exchange Ltd (NCDEX) will today launch a basmati contract called Pusa […]

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