Traders protest revision in commodity trading time, risk management fee

Both Multi Commodity Exchange (MCX) and NCDEX, in separate circulars, have announced an increase in trading hours

Hundreds of thousands of farmers were unable to sell any of their produce outside dozens of agricultural mandis in Rajasthan and Gujarat, after traders went on indefinite strike protesting against extended trading time on commodity exchanges and a sharp increase in risk management fee at the National Commodity & Derivatives Exchange (NCDEX).

Over two dozen agricultural mandis transacted no business on Friday, rendering famers high and dry. The number of protesting agricultural mandis is consistently increasing as the implementation of extended trading hours draws closure.

Both Multi Commodity Exchange (MCX) and NCDEX, in separate circulars, announced an increase in trading