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 […]
Wheat prices in the spot market are expected to remain steady for the next one month before gradually declining in February on forecast of a good crop and huge carryover stock, Economic Times reports. According to traders, wheat harvesting will begin in Madhya Pradesh, Gujarat and Rajasthan from the middle of February. This is likely […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
