Crude palm oil clocked an average volume of around Rs 200 crore daily on the Multi Commodity Exchange
Markets watchdog Sebi on Friday barred commodity exchange NCDEX from launching new mustard seed contracts till further orders amid efforts to curb rising prices of mustard oil. The latest direction for the National Commodity & Derivatives Exchange Ltd (NCDEX) will come into immediate effect. In respect of running contracts, no new position will be allowed to be taken. Only squaring up of position will be allowed, Sebi said in a release. "No new mustard seed contract shall be launched till further orders," it said. Edible oil industry body Solvent Extractors Association's (SEA) Executive Director B V Mehta said Sebi has taken this decision to check further rise in prices of mustard oils. Much of the mustard seed stock has been crushed and as a result there is pressure on prices, he added. Tight supply of mustard seeds has put pressure on wholesale and retail prices of mustard oil. As per the government data, the average retail price of mustard oil (packaged) increased to Rs 183.
India's market regulator on Friday directed the local National Commodity And Derivatives Exchange not to launch a new rapeseed contract until further orders
Markets regulator Sebi on Monday directed the National Commodity and Derivatives Exchange Limited (NCDEX) not to launch new Chana contract till further orders
NCDEX will provide underwriting support for 5,000 tonnes of chana and mustard
Commodity bourse NCDEX on Monday said it will bear premium for trading up to 5,000 tonnes of chana and mustard seeds as part of its familiarisation initiative.
Available in rapeseed/mustard seed, maize and wheat, these contracts allow both, farmers and other participants in the value chain to hedge the price risk before actual sowing season begins
SEBI in January 2020 had allowed exchanges to launch 'Options in Goods' in their commodity derivatives segment
"Such revision is applicable in respect of all claims settled out of Trust, wherein settlement is done post the date of revision of such limits i.e. February 12, 2020," it said
While the Composite Weather Index will be seasonal, Rain Index will show daily variations in value, depending on actual rainfall across the country and long seasonal variations
Agridex represents produce grown in India and is not linked to any external benchmark; it will be available initially for trading of contracts expiring in June, July, September and December
As per the existing plan, soybean would have the highest weightage in the commodity index followed by chana, guarseed and refined soyoil
Chances of huge defaults by investors, many of whom are retail traders gone long; On Nymex, there were actual trades in minus in which sellers were actually paying buyers to lift stocks
All the five exchanges, including the MCX, NCDEX, and the ICEX, have capped trading timings to 5 pm. The MCX reports maximum trading in the evening session
The regulator said exchange can be master in one instead of jack of all
Build India Capital Advisors, Canara Bank, Indian Farmers Fertiliser Cooperative, Investcorp Private Equity Fund I are among the selling shareholders
PXIL faced financial crisis in 2017 when its net worth eroded and promoters of NSE and NCDEX wanted to shut it down prior to NSE's proposed initial public offering (IPO)
Leading commodities such as guar seed, guar gum, soybean, chana, mustard seed, and jeera, etc, will be the index's constituents
NCDEX said it will launch tradable futures contracts on AGRIDEX on receipt of the regulator Sebi's approval
Exchange says it's strengthening risk management, seeking feedback