NCDEX re-launches bajra futures after 7-year gap

Leading agri-commodity bourse NCDEX on Friday re-launched future trading in feed-grade bajra after a gap of seven years.

Initially, the futures contract of bajra will be available for trading for expiry in January, February, March and April of 2020, it said.

NCDEX, in a statement, further said Jaipur (Rajasthan) will be the basis centre for delivery of the commodity, while Dausa and Alwar will be additional delivery centres.

The exchange had stopped trading in bajra futures in 2012-13 fiscal. It has re-launched it again making the contracts more aligned to the market, the exchange official told PTI.

Commenting on the launch, NCDEX Managing Director and CEO Vijay Kumar said: "The bajra contract is part of our effort to offer innovative products designed to meet the needs of farmers and other value chain participants."