Market regulator has asked exchange to deliver foolproof product that suitably maps temperature and rainfall, besides addressing a host of other issues
The index will have 10 Sebi-approved agri commodities. Once open for trading, the NCDEX index for agri and MCX index for non-agri commodities will theoretically complete a basket
NCDEX already has wheat and maize futures on its platform
NCDEX is also looking for partners to professionally managing index calculation and maintenance on its behalf
Apart from NSE, the largest shareholder with 15% stake, there are other investors who have been holding stakes since 2003. Some of them now want to flog their stakes
The exchange currently generates a daily turnover of Rs 40 million in guarseed option
NCDEX will propose to the regulator to allow options in more agri commodities
NCDEX is in the final stage for launching of its clearing corporation
He had also worked at NCDEX as chief business officer between June 2009 to September 2014
NCDEX is also considering location-spread contracts for agri commodities
Agri-commodity bourse NCDEX today said as many as 99 FPOs -- farmers producers organisations -- from 14 states are registered on its trading platform so far with latest to enter is one FPO each from Kerala and Gujarat. More than 21,000 tonnes of commodities have been traded by FPOs on the NCDEX platform till September of this year. More growers are showing interest, it said in statement. In September alone, one FPO each from Kerala and Gujarat participated on the NCDEX platform for the first time. An FPO from Kerala hedged in the relaunched black pepper futures contract, while the one from Gujarat traded in jeera futures. "Total 99 FPOs have opened their accounts so far and more than 119 FPOs are in process of opening their account with NCDEX (National Commodity & Derivatives Exchange Limited)," the exchange said. Commenting on the progress, NCDEX MD and CEO Samir Shah said the sustained campaign has yielded results. The derivative market is an additional marketing ...
Jeera traders fear high moisture in jeera crop due to incessant rainfalls in the last two months. Hence, its quality feared to be of substandard.Anticipating problems in the delivery and therefore the availability issue, jeera prices hit the lifetime high in the benchmark spot Unjha market to trade at Rs 19623 a quintal on July 31. But, jeera prices declined marginally amid high volatility to close at Rs 19236 a quintal on Friday.National Commodity & Derivatives Exchange (NCDEX) has however clarified that 62 per cent of stocks reached to the exchange-registered warehouses in Unjha, Gujarat, was found quality matching with its specification.The exchange said that traders in the value chain tendered 2347 tonnes of jeera for delivery in Unjha warehouses of which 1471 tonnes found meeting with NCDEX standard. Hence, the exchange accepted deposits of 1471 tonnes of jeera in the warehouses registered with it since early August.The harvest season for Jeera ends in April and sowing starts
In June 2016, Sebi had directed NCDEX to discontinue chana futures to prevent further price hike
Exchange says, this will help in the stronger control and make the process less vulnerable to manipulation
The exchange guidelines clarify the definition of 'persons acting in concert'
Asks Sebi to permit a hybrid of American- and European-style options, which it calls Indian options
Paves way for trading of electronic warehouse receipts to boost commodity trade
Fixes minimum networth criteria, WSPs say the norm will help settle default, if any
The audit was to check quality of the coriander stocks deposited in the approved warehouses
NCDEX warehouse at present has total stock of approximately 15,000 tonnes, which is equal to 3 lakh bags of cocud