Page 4 - Ncdex

NCDEX declares cottonseed oilcake safe

The quality audit was prompted by fear of adulteration with rice bran

NCDEX board panel on more farmer participation

NCDEX will enable some of the most marginalised farmers to access reliable markets for the first time

NCDEX raises margin for less liquid commodities

MPOR is one of the risk measures in the commodity contracts to make it convergent with the liquidity profile of the commodity contracts

NCDEX introduces e-tagging technology

RFID ensures that commodities stored in warehouses are tracked through radio signals

NCDEX makes assaying of commodity mandatory at the time of delivery

Makes beginning with rapeseed, quality difference will have to be sorted out with warehouses

NCDEX sees 17% jump in turnover in April

The futures segment of the National Commodity and Derivatives Exchange (NCDEX) has registered a 17 per cent growth in turnover at Rs 70,848.06 crore in April 2016. Total turnover for April 2016, reached Rs 70,848.06 crore registering an increase of more than 17 per cent as compared to Rs 60,416.65 crore in March this year, NCDEX said in a statement. Open Interest in futures segment as of April 29, 2016, was Rs 5,392.10 crore, whereas the average open interest for the month stood at Rs 5,173 crore as compared to Rs 4,863 crore for the month of March 2016 which is an increase of around 6.5 per cent, it said. The top three traded commodities were refined soy oil (Rs 14,944.34 crore) with over 25 per cent rise m-o-m, rapeseed mustard seed (Rs 11,949.25 crore) with over 36 per cet rise m-o-m, and soybean (Rs 9,371.83 crore) with over 26 per cent rise m-o-m. The Exchange facilitated delivery of 29,293 tonnes of goods for the April 2016 expiry contracts, the release said.

Commodity picks

BARLEYBarley prices in Jaipur market are trading at Rs 1,480 a quintal. Prices are expected to move towards Rs 1,450 a quintal in a couple of weeks on approaching arrivals and stock liquidation pressure by private traders. Expected lower exports would also keep downward pressure on prices.MUSTARD SEEDMustard seed April contract prices on NCDEX currently trade at Rs 3,988 a quintal. The harvest of new crop has started in Gujarat. In Rajasthan, harvesting is expected to commence next week. The crop is in good condition and production is expected to be higher. So, prices are expected to trade weaker in the coming days and can move towards Rs 3,950 a quintal.Prerana DesaiVP - research - Edelweiss Agri Services and Credit Edelweiss Integrated Commodity Management Ltd