India’s market regulator says working on guidelines for commodity index derivatives

The Securities and Exchange Board of India (SEBI) is working towards finalising guidelines for commodity index derivatives, the chairman said, adding that more option contracts can be launched. “There are plans to consider more commodity options contracts to be launched, besides working on guidelines for index products,” Ajay Tyagi said in the latest annual report. […]

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Farmer Producers Organisations (FPOs) become creative and turn to NCDEX to trade on commodities

Making best use of technology, FPOs in Rajasthan and Gujarat have made great use of NCDEX having taken in the ‘buy’ position in cottonseed oilcake (cocud) on NCDEX at a lower price well ahead of the peak demand season, a HBL report confirms. National Commodity & Derivatives Exchange Limited is an online commodity exchange based […]

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Disaster recovery sites of commodity exchanges in focus after NCDEX move hits volumes

Volumes on the National Commodity & Derivatives Exchange (NCDEX) fell sharply after the bourse shifted trading to a disaster recovery (DR) site last month, the Business standard newspaper reported. A DR site is an alternative scaled-down trading facility that exchanges use when the primary set-up becomes dysfunctional. The NCDEX decision to migrate to a DR site had […]

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NCDEX to launch delivery-based metals contracts as well as location-spread agri commodities

India’s National Commodity & Derivatives Exchange (NCDEX) plans to nudge its way into market leader Multi Commodity Exchange’s (MCX) stronghold over metals derivatives. NCDEX, India’s leading agricultural commodity derivatives exchange, is planning to launch two metals contracts, which will be delivery contracts and capture Indian prices. The bourse is also considering launching location-spread contracts for […]

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Soyabean contracts gung-ho on NCDEX, receive 1.45 lakh tonnes deposits in 2 months 

India’s National Commodity and Derivatives Exchange (NCDEX) has received encouraging response on soyabean contracts with 1.45 lakh tonnes of deposits within just two months’ time of new arrival season. In last two years, the exchange witnessed record deposit of soyabean tendered on its platform. Soyabean value chain has deposited around 2.5 lakh tonnes goods during […]

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India’s state-promoted NCDEX arm in pact with Iranian Mercantile Exchange

NCDEX e-Markets (NeML), a group company of India’s NCDEX, has signed an agreement with the Iranian Mercantile Exchange to develop a platform for commodities trade between the two countries. “This agreement with NeML will create a joint e- trading platform for trading of commodities from Iran to India and vice-versa. The trading platform is likely […]

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India’s NCDEX inducts farmers producers organisations on board for derivative trade

Indian agri-commodity bourse NCDEX  said as many as 99 Farmers Producers Organisations (FPOs) from 14 states are now registered on its trading platform, with the latest to sign-up from Kerala and Gujarat. “A total of 99 FPOs have opened their accounts so far and more than 119 FPOs are in process of opening their account with NCDEX,” the exchange said. More than 21,000 tonnes of commodities […]

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India’s NCDEX launches firm to get into warehouse e-repository services

The NCDEX  has announced a new venture to provide repositories services for electronic negotiable warehouse receipts, which farmers can use to avail bank loan. The National E-Repository Ltd. (NERL) was launched after the government unveiled the electronic negotiable warehouse receipts (eNWRs) instead of manual receipts for the benefit of farmers last week. NERL Chief Executive Officer Kedar Deshpande said the […]

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India’s NCDEX and BSE to launch two commodity repositories next week

Starting next week, trading in negotiable warehouse receipts, a decade-old idea, will become a reality in India when two repository record-keeping agencies start operations. Agricultural warehousing accounts for 15% of the warehousing market in India and is estimated to be worth Rs 8,500 crore. Agriculture marketers and analysts have been asking for a pan-India digital […]

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