Page 4 - Ncdex

NCDEX allays jeera traders' fears of poor quality dispatch to warehouses

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

After Sebi nod, NCDEX to re-launch chana futures on Friday

In June 2016, Sebi had directed NCDEX to discontinue chana futures to prevent further price hike

NCDEX tightens deposit operations at warehouses audit checks

Exchange says, this will help in the stronger control and make the process less vulnerable to manipulation

NCDEX issues norms to address cartelisation

The exchange guidelines clarify the definition of 'persons acting in concert'

NCDEX proposes hybrid options trading

Asks Sebi to permit a hybrid of American- and European-style options, which it calls Indian options

CDSL and NCDEX get licence to set up repositories

Paves way for trading of electronic warehouse receipts to boost commodity trade

NCDEX strengthens rules for warehouse service providers

Fixes minimum networth criteria, WSPs say the norm will help settle default, if any

12% of coriander stock defective: NCDEX

The audit was to check quality of the coriander stocks deposited in the approved warehouses

Regulator to inspect NCDEX warehouses in Gujarat

NCDEX warehouse at present has total stock of approximately 15,000 tonnes, which is equal to 3 lakh bags of cocud

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