NCDEX ties up with NSE Indices to launch AGRIDEX, India's first agri index

Leading commodities such as guar seed, guar gum, soybean, chana, mustard seed, and jeera, etc, will be the index's constituents

In a major move, the National Commodity and Derivatives Exchange (NCDEX) has launched India’s first agri index — ‘NCDEX Agridex’, for easy reference to price variations in agricultural commodities.

Launched with a composition of 10 leading liquid contracts on the NCDEX platform at present, the index is now available as ‘indicative’. It will be made tradable after being approved from the Securities and Exchange Board of India (Sebi). NCDEX has already applied for a formal approval from Sebi, which, according to trade sources, is likely to be cleared soon.

The NCDEX’s index launch is in continuance with Sebi’s plan to broaden its