NCDEX slashes transaction fee in sugar futures

Aims to attract traders after govt removes stockholding limit

The agri-centric commodity futures trading platform, National Commodity and Derivatives Exchange (NCDEX), has reduced transaction charges sharply to attract volumes in sugar contracts following the removal of stockholding limit on Tuesday.

Effective December 21, NCDEX would be charging Rs 0.10 for every Rs 1,00,000 of sugar turnover. Earlier, it was Rs 4. Apart from that, the exchange has exempted risk management fee of Rs 4 for every Rs 1,00,000 of trade in sugar contracts. So, NCDEX would charge only Rs 0.10 from Rs 8 earlier for every Rs 1,00,000 of trade. The sharp decline in transaction charges is expected to drive