NCDEX (National Commodity and Derivatives Exchange Ltd) will launch thermal coal contracts trade from September 10, 2008. Rival Multi-Commodity Exchange of India, the exchange leader in energy trading in India, will also likely to launch thermal coal futures in later part of the year. NCDEX will start trading in October, November and December [...]
This list of NCDEX traded commodities is current as of November 13, 2008. Precious metals: Gold – Silver Base metals: Electrolytic Copper Cathode – Mild Steel Ingots Agricultural Products: Wheat - turmeric - Soy Beans - Refined Soy Bean Oil -Rapeseed – Mustard Seed - Expeller Rapeseed – Mustard Seed Oil – RBD Palmolein – Crude [...]
The proposed imposition of the commodity transaction tax (CTT) in the Union Budget by India’s Finance Minister is expected to shift hedgers and speculators to rampant illegal trading (also known as “dabba trading”). “The commodity transaction tax will attract hedgers and speculators to ‘dabba trading,’ where traders settle their transaction on exchange prices, without [...]
IFFCO holds 12% stake in NCDEX (The National Commodity & Derivatives Exchange) India. IFFCO’s goal has always been to ensure that the farmers & traders of farm commodities receive best quality fertilizer at the best possible price. The association assists with the enhancement of the scope of services for farmers where farmers can get better [...]
At long last the NCDEX has received approval from India’s national electricity regulator to set up an exchange to trade power. The Central Electricity Regulatory Commission approved a plan for NCDEX to set up an exchange that will allow all both state run and private generation companies to trade in day ahead spot contracts. [...]
This is a great feature for active commodities traders on the NCDEX (The National Commodity & Derivatives Exchange) India. It allows traders, investors, and farmers to monitor commodities prices via SMS alert on their cell phones. As an example, jewelers can buy and sell gold at the actual current spot price instead of relying on [...]
