Monthly Archives: November 2008

NCDEX India to begin trading coal futures on September 10, 2008

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 … Continue reading

Posted in Energy Trading, India, NCDEX, Rival Multi-Commodity Exchange of India, Trading | Leave a comment

Updated NCDEX Commodities Trading List

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 … Continue reading

Posted in Agricultural Products, Base metals, India, NCDEX Commodities Trading List, Precious Metals | Leave a comment

Commodity Transaction Tax may lead to rampant “Dabba Trading”

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 … Continue reading

Posted in Commodities, Exchange Prices | Leave a comment

Should IFFCO own a stake in NCDEX?

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 … Continue reading

Posted in Commodities, India, Indian agriculture, NCDEX | Leave a comment

NCDEX finally gets approval to set up Trading of Power

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 … Continue reading

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NCDEX Launches an SMS Alert Service

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, … Continue reading

Posted in Commodities, Derivatives Exchange, India, NCDEX | Leave a comment