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Source Name: NCDEX

Delivery in NCDEX Forwards Crosses 4800 MT: Trading Begins in Castor Seed and Cumin Seed

Jan 05, 2015   09:56 IST 
Mumbai, Maharashtra, India

Highlights:

  • Forwards Segment – Total traded volume of 4856 MT with traded value of 818.22 lakhs since launch. Trades in Castor seed and Cumin seed of newly launched 17 commodities.

 

  • Futures Segment - Total traded value of Rs. 80790.96 Crore with average daily traded value of Rs. 3672.32 Crore for the month of December 2014. 104979 MT quantity delivered through the Exchange platform for the month of December 2014


 

National Commodity and Derivatives Exchange (NCDEX), the leading commodity Exchange which had recently launched Forwards contracts is receiving an encouraging response from the market participants. The Exchange has registered a traded volume of 4856 MT with the traded value of Rs. 818.22 lakhs since the launch. The commodity delivered through the Exchange platform in forward segment was 3385.32 MT till December 31, 2014.

 

In the Forwards segment, a trade volume of 1546 MT was registered on the Exchange with traded value of Rs. 322.74 lakhs and 236.50 MT of commodities were delivered through the Exchange platform during the month of December 2014.

 

In the futures segment of the Exchange the average open interest for the month of December 2014 was Rs. 6581.78 Crore. The ADTV for the month was Rs.3672.32 Crore. 104979 MT of commodities were delivered through the futures segment of the Exchange during the month.

 

For the agri commodity futures segment, the monthly total volume was Rs. 78896.84 Crore. The top three traded commodities were Castor Seed, Refined Soya Oil and Chana. The total traded value for Castor seed was Rs. 19971.52 Crores with a fall of over 30% YoY, Chana was Rs. 10448.5 crores with over 2% YoY rise and for Refined Soya Oil was Rs. 10858.53 Crores with a fall of over 40% YoY fall. 10 MT Guar seed saw an excellent participation, clocking a value of Rs. 8123.95 Crores, a growth of 504.33% YoY.

 

Mr. Samir Shah, MD & CEO, NCDEX said, “NCDEX has always promised to deliver the best. For trading in Forwards segment of the Exchange already 12 FPOs have registered with us as members, 25 FPOs are in process to obtain membership of the Exchange. In the forwards segment out of newly launched 17 commodities, Jeera and Castor have already started trading successfully on the platform.”

 

ABOUT NCDEX:

As India’s leading online exchange, NCDEX offers the widest range of benchmark products across agriculture, metals and precious metals. NCDEX brings buyers and sellers together through its electronic trading platform. It enjoys the distinction of being the only exchange in the country promoted by national level institutions. The institutional promoters and shareholders of NCDEX are prominent players in their respective fields and bring with them institutional building experience, trust, nationwide reach, technology and risk management skills.


Media Contact Details
Shalaka Kagathra
NCDEX
91-9820572798
Kalpesh Sheth
NCDEX
91-9820305936
Minakshi Mishra
Adfactors PR
91-9833320866
 
 
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