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NCDEX gets farmers' body on board for derivative trade

More than 21,000 tonnes of commodities have been traded by FPOs on NCDEX platform till September this year

Press Trust of India  |  New Delhi 


Agri-commodity bourse today said as many as 99 -- producers organisations -- from 14 states are registered on its trading platform so far with latest to enter is one FPO each from and

More than 21,000 tonnes of commodities have been traded by on the platform till September of this year. More growers are showing interest, it said in statement.

In September alone, one FPO each from and participated on the platform for the first time. An FPO from hedged in the relaunched black pepper futures contract, while the one from traded in jeera futures.

"Total 99 have opened their accounts so far and more than 119 are in process of opening their account with (National Commodity & Derivatives Exchange Limited)," the exchange said.

Commenting on the progress, MD and CEO Samir Shah said the sustained campaign has yielded results. The derivative market is an additional marketing channel for better realisation of income.

The exchange is creating awareness by educating across the country and is planning to reach over 3 lakh by March 31, 2018.

First Published: Wed, October 11 2017. 01:04 IST