The National Commodity & Derivatives Exchange (NCDEX) has levied 20 per cent additional special margin on the long side of all running contracts of potato and the contracts yet to be launched in the said commodity, effective from June 27. According to an exchange circular, this margin shall be collected in cash.
The commodity currently attracts additional duty of 10 per cent in long and short side coupled with special margin of 5 per cent on the long side and “nil” for the short side.
Spot potato price in Agra, a key market in Uttar Pradesh, has risen 69 per cent to Rs 991.35 per 100 kg in the last four months.
Earlier, regulator Forward Markets Commission had asked bourses to investigate the sharp rise in prices of turmeric and potato futures over the past few months.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app