NCDEX to launch tradeable agri index to hedge risk in underlying commodity

As per the existing plan, soybean would have the highest weightage in the commodity index followed by chana, guarseed and refined soyoil

Dilip Kumar Jha | Mumbai
Last Updated at May 14, 2020 20:20 IST

The value of ‘Agridex’ will be generated by NSE Indices Ltd, the indices arm of the National Stock Exchange (NSE).

The National Commodity & Derivatives Exchange (NCDEX), India’s largest agri-centric commodity futures trading platform, is planning to launch first of its kind a tradable composite agri index “Agridex” by the end of May which will be open for retail and institutional participants to hedge risk in the underlying commodities.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

MONTHLY

₹ 249

Select

ANNUAL

₹ 1799

Select

Best Offer

SMART ANNUAL

₹ 1499

₹ 1799

Opt for auto renewal and save Rs 300

Select

What you get on Business Standard Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
Pick your 5 favourite companies, get a daily email with all news updates on them.
26 years of website archives.
Preferential invites to Business Standard events.