NCDEX awaits FMC merger with Sebi to launch weather ETF’s

Aiming to help hedge risks against adverse weather conditions, the National Commodity and Derivatives Exchange (NCDEX) will shortly be launching a set of exchange- traded weather insurance products. As NCDEX is currently being regulated by the Forward Markets Commission (FMC) whose norms don’t allow any such product, it is waiting for the merger of the commodities regulator with the Securities and Exchange Board of India (Sebi) to be completed by September end, before it formally unveils the product.

“We are planning to launch exchange-traded weather insurance products once the merger of FMC with the Sebi is completed,” NCDEX Managing Director and Chief Executive Samir Shah told reporters today on the sidelines of an agriculture insurance seminar organised by Swiss Re here.

The FMC’s merger with Sebi is slated to be completed by September 28.

 

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Posted in Commodities, India, National Commodity and Derivative Exchange, NCDEX | Tagged , , , , , | Leave a comment

NCDEX castorseed: Buy

The castorseed futures contract traded on the National Commodity and Derivatives Exchange has surged about 4 per cent in the past week. This rally has turned the short-term outlook bullish for the contract.

Increase in demand in the domestic spot market at the time when the arrivals were restricted has aided this rise in the commodity price.

Rising export demand is also supporting the price. The contract is likely to move higher from current levels of ₹4,084 a quintal. This offers a good opportunity for traders with short-term view to initiate long position in the contract.

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Posted in Agricultural Products, Castor Seed, Commodities, Exchange Prices, Futures, India, National Commodity and Derivative Exchange, NCDEX, Trading | Tagged , , , , | Leave a comment

NCDEX Forwards Witness Consistent Growth

The forwards segment on National Commodity and Derivatives Exchange (NCDEX), the leading commodity exchange in India has seen robust and consistent growth in July 2015 with 1,044 tonnes of agricultural commodities traded. Additionally, 12 kg. of gold was traded in the recently launched Gold Now forwards segment of the Exchange.

The forwards segment which was launched in September last year, has seen an encouraging response and has registered volume of 19,102 tonnes of agricultural commodities, valued at Rs. 87.39 crore, with 18,872 tonnes of goods delivered. The Gold Now forwards platform has seen 15 kg of gold traded and delivered since its launch.

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Posted in Commodities, Derivatives Exchange, Exchange Prices, Futures, Gold, National Commodity and Derivative Exchange, NCDEX, Trading | Tagged , , , , | Leave a comment

NCDEX Launches Mobile App for Investors

The app, launched 7/22/15, will give users access to prices, news, updates, market data and analysis for commodities, NCDEX said in a statement here.

Read more at: http://www.moneycontrol.com/news/market-news/ncdex-launches-mobile-app-for-investors_2096241.html?utm_source=ref_article

Click here for link to download the App

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NCDEX, MCX Compete Over Gold Bond Scheme

India’s two leading commodity exchanges are pitted against one another to be part of the government’s sovereign gold bond scheme, the final guidelines for which are still awaited.

The government’s draft guidelines released last month say that the gold bonds would be benchmarked to gold prices taken from National Commodity and Derivatives Exchange Ltd (NCDEX), the London Bullion Market Association (LBMA) or the Reserve Bank of India (RBI) and the rupee equivalent amount may be converted at the RBI reference rate on issue and redemption.

This has not gone down well with Multi Commodity Exchange of India Ltd (MCX), the larger rival of NCDEX, which is trying to convince the government that prices should be benchmarked to contracts traded on MCX.

Gold is among the top traded commodities on MCX, whereas for NCDEX, the bulk of its turnover comes from agricultural commodities. As per data from the commodities market regulator Forward Markets Commission (FMC), for the fortnight ended 31 May, gold contracts worth Rs.39,674.61 crore were traded on MCX. The FMC fortnightly bulletin did not include NCDEX’s gold trading data as it did not feature among the top 10 traded commodities on the exchange.

NCDEX maintains that its traded contracts offer a better benchmark.

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Posted in Commodities, Exchange Prices, Gold, India, MCX, National Commodity and Derivative Exchange, NCDEX, Precious Metals, Trading | Tagged , , , , , , | Leave a comment

NCDEX Soybean Continues Sideways Trend

Sideways trend is likely for NCDEX Soybean futures. Milan Shah, agri research analyst at commodity Online, said Soybean August contract is sideways for short term and positive for intra day. Short term support is seen at 3550 and resistance at 3750. Intraday support is visible at 3550 3600 with a resistance of 3640.

NCDEX Soybean August futures were seen trading up by 2.78 per cent to 3659 levels on Wednesday( 11.15am).

 

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Posted in Agricultural Products, Commodities, India, Indian agriculture, National Commodity and Derivative Exchange, NCDEX, Soybean | Tagged , , , | Leave a comment

Bears Tighten Grip Over NCDEX Turmeric Futures

The sowing of the Turmeric crop is expected to pick up gradually as rains in growing areas in Andhra Pradesh and Tamil Nadu kept possibilities of improved sowing. This is keeping sentiments weak for the counter in the near term. But with prices having fallen a lot, some bounce back too is possible.

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NCDEX brings more transparency into Gold Pricing in India.

NCDEX, the leading commodity exchange, today announced the launch of Gold futures contract that will provide a transparent and credible price benchmark to the Indian consumer. For the first time, consumers, jewellers, traders, banks, and gold refiners will get a scientific and rigorous assessment of the daily premium for gold prevailing in the physical market to derive the final wholesale price. To make it possible, NCDEX has introduced an independent gold premium polling mechanism that will give the Indian market an unbiased price benchmark for the first time. The Gold premium benchmark will be used for arriving at the settlement price of the Gold futures contract. This contract will be available for trade from May 21, 2015.

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Posted in Gold, National Commodity and Derivative Exchange, NCDEX, NCDEX Commodities Trading List | Tagged , | Leave a comment

NCDEX/TRADING-068/2014/163

NATIONAL COMMODITY & DERIVATIVES EXCHANGE LIMITED

Circular to all trading and clearing members of the Exchange
Circular No. : NCDEX/TRADING-068/2014/163
Date : May 20, 2014
Subject : Final Settlement Prices of contracts expired on May 20 2014
___________________________________________________________________

Final Settlement Prices of contracts expired on May 20, 2014 are given below:

COMMODITY SYMBOL PRICE
UNIT
FINAL
SETTLEMENT
PRICE (`)
BAJRA BAJRA `/QUINTAL 1308.35
BARLEY BARLEYJPR `/QUINTAL 1296.85
CASTOR SEED CASTORSEED
`/QUINTAL 3903.70
CHANA CHARJDDEL `/QUINTAL 2961.25
COTTON SEED OIL CAKE COCUDAKL `/QUINTAL 1594.85
COTTON SEED (INDUSTRIAL GRADE) COTTONSEED
`/QUINTAL 2003.65
CORIANDER DHANIYA `/QUINTAL 8939.30
GUAR GUM GUARGUM `/QUINTAL 13806.20
GUAR SEED GUARSEED `/QUINTAL 5145.15
GUAR SEED 10 MT GUARSEED10
`/QUINTAL 5145.15
JEERA JEERAUNJHA `/QUINTAL 11265.55
MAIZE MAIZERABI `/QUINTAL 1125.15
POLYVINYL CHLORIDE PVC `/MT 82000.00
RUBBER RBRRS4KOC `/QUINTAL 14365.65
MUSTARD SEED RMSEED `/QUINTAL 3484.90
YELLOW SOYABEAN MEAL SBMEALIDR `/MT 41475.00
STEEL LONG COMMERCIAL STEELCOMM `/MT 33550.00
STEEL LONG STEELLONG `/MT 36400.00
SUGAR M GRADE SUGARM200 `/QUINTAL 3130.70
SOYABEAN SYBEANIDR `/QUINTAL 4644.00
REFINED SOY OIL SYOREFIDR `/10 KGS 720.95
TURMERIC TMCFGRNZM `/QUINTAL 6161.00
WHEAT WHEAT `/QUINTAL 1548.60

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