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

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.

The cash settled agri index comprises 10 leading liquid contracts on NCDEX platform which includes soybean, chana, coriander, cottonseed oilcake, guargum, guar seed, mustard seed, refined soy oil, castor seed and jeera. The value of this index is generated based on the spot and futures of these underlying commodities.

All these commodities would