Author: Updates Ncdex

THE STATE government will soon announce a mechanism to investigate the trading of sugar at the NCDEx platform. Both chief minister Devendra Fadnavis and cooperation minister Chandrakant Patil said that while price of sugar on the platform was high, millers have been complaining of no demand – a phenomenon which needs to be investigated. On Read More

India’s exports of C-heavy molasses are likely to fall sharply in 2021-22 (Oct-Sep) with Uttar Pradesh, the country’s second-largest producer of sugarcane, banning the sale of molasses to ensure it is available for manufacture of ethanol. New crop of coriander has started trickling into the key spot market of Ramganj, Rajasthan, in last few days. Read More

Market regulator Securities and Exchange Board of India has banned launch of any new Chana contract on National Commodity and Derivatives Exchange (NCDEX) till further orders. The orders were issued on 16 August and came into force with immediate effect. Expert Anuj Gupta, who is Vice President (VP), Commodity and Currency Research at IIFL Securities said that the move comes as a Read More

Amid coronavirus lockdown, agricultural commodity bourse, National Commodity and Derivatives Exchange Ltd (NCDEX), has received capital market regulator Sebi’s approval to launch the Rs 500-crore initial public offer (IPO). The offering comprises a fresh issue aggregating up to Rs 100 crore and an offer for sale of up to 1.44 crore shares, according to the Read More

Coriander prices on Thursday rose Rs 332 to Rs 7,450 per quintal in futures trade as speculators widened their holdings tracking firm trend at the spot market. On the National Commodity and Derivatives Exchange, coriander for August delivery went up Rs 332, or 4.66 per cent, to Rs 7,450 per quintal with an open interest Read More

The Securities and Exchange Board of India (SEBI) on Friday issued directions with regard to trading in mustard seed contracts. As per the information, SEBI has issued directions to National Commodity and Derivatives Exchange Limited (NCDEX) saying that no new mustard seed contract should be launched till further orders. SEBI has issued the following directions Read More

The pulses trading industry is unsure whether the stock holding limit on pulses–imposed by the government in July to tame inflation in food prices–will be extended. The order on stock holding limit was valid till October 31. Stock limit on pulses and cooking oils was one of several policy measures taken by the government to Read More

Rubber and cotton futures were the top gainers on the Multi Commodity Exchange (MCX) on Wednesday morning, and natural gas and CPO (crude palm oil) futures were quoted lower. On the National Commodities and Derivatives Exchange (NCDEX), guar gum and turmeric (unpolished) futures traded lower and dhaniya and jeera futures were the top gainers. The Read More

National Commodity and Derivatives Exchange Limited (NCDEX) on Monday launched the futures contract on NCDEX GUAREX, India’s first sectoral index in agri-commodities basket. NCDEX GUAREX is a price based index tracking the price movement in the futures contracts of its underlying i.e. Guar Seed and Guar Gum Refined Splits on a real-time basis. The weightage Read More

National E-Repository Limited (NERL), an NCDEX group company and a WDRA (Warehousing Development and Regulatory Authority) regulated entity has facilitated loans worth more than Rs 2,000 crore against electronic Negotiable Warehouse Receipts (eNWR) as on date. The first loan disbursed or pledge financed against eNWR on the NERL platform was in March 2018. NERL manages and facilitates the usage Read More