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National Commodity & Derivatives Exchange today announced the launch of sugar contracts October onwards which will be aligned to the international markets. The Indian sugar body, Indian Sugar Mills Association (ISMA) has also worked with NCDEX and helped in the launch of this contract.
Last month, the Forward Markets Commission, the commodity markets regulator allowed evening trade in interntional linked agricultural commodities. Sugar is also one of the commodities which is traded in the evening.
“Currently NCDEX offers sugar contracts for consecutive months upto September 2014. Now it will offer deferred contracts, which means that in October 2014, contracts leading upto March 2016 will be available for trading. This will allow mills to benefit from price discovery and risk management for a longer term,” NCDEX said in a press release.
