 "NCDEX launches forward contract for maize, sugar")
National Commodity & Derivatives Exchange today announced the launch of forward segment for maize, sugar on electronic platform, which will we made available from 25 September and is called Agrim Sauda.
Agrim Sauda facility will provide national market reach through registered FPOs (Farmer Producer Organisation). It will also enable all participants in the food and agriculture value chain to widen their reach, create a supply chain.
Samir Shah, MD & CEO of NCDEX said: "India needs well-functioning agricultural markets where rising incomes improve the lives of millions of farmers and high quality food can reach 1.25 billion consumers, thereby becoming an integral part of inclusive growth transformation. With this initiative, NCDEX is attempting to bring real inclusiveness in the real economy."
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