Commodity bourse NCDEX on Monday said it has temporarily suspended trading after a minor fire broke out in the basement of its headquarters at the Akruti Corporate Park on Kanjur Marg here. The trading on the NCDEX, the second largest commodity bourse, was halted at 12.19 hours after due intimation, it said. “There is minor Read More
The US Department of Agriculture’s Foreign Agricultural Service expects India’s cotton production in 2022-23 (Aug-Jul) to increase 4% to 27.7 mln bales (1 US bale = 218 kg) because of likely higher acreage under the crop on the back of a normal monsoon forecast this year. The Centre has set a target to export 7 Read More
The US Department of Agriculture’s Foreign Agricultural Service expects India’s cotton production in 2022-23 (Aug-Jul) to increase 4% to 27.7 mln bales (1 US bale = 218 kg) because of likely higher acreage under the crop on the back of a normal monsoon forecast this year. The Centre has set a target to export 7 Read More
India is racing to bolster its wheat export infrastructure as the Russia-Ukraine war has led to record shipments of the grain from the country and the demand is still pouring in. India’s maize exports in Apr-Jan rose to an all-time high of $816.31 mln due to strong demand from key export destinations like Bangladesh, Vietnam Read More
Indian traders have signed a deal to sell around 50,000 tn wheat to Tanzania at $370 per tn, free on board, sources in the know of the development said. The revenue of the Indian poultry industry is expected to rise 5-6% in 2021-22 (AprMar) compared with the 2-3% growth indicated by a sample set of Read More
The selling shareholders include Build India Capital Advisors LLP, Canara Bank, Indian Farmers Fertiliser Cooperative Limited, Investcorp Private Equity Fund I (formerly known as IDFC Private Equity Fund III), Jaypee Capital Services Limited, National Bank for Agriculture and Rural Development, Oman India Joint Investment Fund and Punjab National Bank, it said. The exchange proposes to Read More
The government’s procurement of paddy has reached 72.59 mln tn as of Sunday in the ongoing 2021-22 (Oct-Sep) kharif marketing season, according to an official release. The Indian Council of Agricultural Research has released three new varieties of basmati rice this year. The average price of 25% broken non-basmati rice exported from India rose to Read More
Production of turmeric is likely to decline by 20-25% in 2021-22 (Jul-Jun) due to a drop in yields following heavy rain in key growing states during Sep-Nov. The conflict between Russia and Ukraine may only have a minimal impact on barley prices in India as new arrivals are set to hit the market within a Read More
The guar complex basket was down during the greater part of the week, which ended recently. Approaching November series expiry had attracted short sellers to give deliveries against their holdings, because of which pressure was seen in the derivatives. The primary direction was bullish in the oil complex mainly because of strength in global markets Read More
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
India’s market regulator on Friday directed the local National Commodity And Derivatives Exchange (NCDEX) not to launch a new rapeseed contract until further orders. For running contracts, the Securities and Exchange Board of India (SEBI) said no new position would be allowed in rapeseed, popularly known as mustard, in India, according to a SEBI order. Read More
India started the current financial year with an unprecedented slump in the economy in the first quarter, thanks to Corona Virus Pandemic that shut not only the country alone but also the top global economies. While the stress across all the sectors of economy started becoming more evident with contraction of GDP by 23.9%, the 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
A market expert told Zee Business “ NSE is market leader in equity and NCDEX has highest marker share in agri commodities. And merger of the two entities could be a game changer for agri commodity business”. In India, NCDEX was the second exchange after Multi Commodity Exchange which started commodity derivative on exchange platform Read More
To encourage farmer producer organisations (FPOs) to take benefit of trading in ‘options in goods’ on its platform, 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. This initiative is supported by markets regulator Sebi through a 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.
