NCDEX, MCX to launch castor seed futures on Thursday

When NCDEX suspended the trade, it said this was to protect the integrity of the market

After a year, castor seed futures are back for trading on an exchange platform. With permission from the Securities and Exchange Board of India (Sebi), the National Commodity and Derivatives Exchange (NCDEX) and the Multi Commodity Exchange (MCX) are launching these from Thursday, with the first contract expiring in February, followed by March, April and May 2017.

When NCDEX suspended the trade last January, it was the only major one in the segment. This time, MCX is doing so, too, with with much lower transaction charges. NCDEX has fixed a flat Rs 2 per Rs 1 lakh of trade; most