The National Commodity and Derivative Exchange’s daily turnover reached Rs 27.01 billion, with 2,075 users participating in trading on January 29, 2009. More than 113,727 trades took place, with some of the highest trades being Soya bean, Soya Oil, Sugar, Rape Mustard Seed, and Guar Seed. Yesterday, Chana and Turmeric also served as high trades.
NCDEX recently announced a revision in transaction charges, after it had previously decided against new transaction charges in the beginning of January due to opposition it received from the FMC. NCDEX notified the FMC on Tuesday of the revised transaction charges, and states it complied with all of the rules and the charges have been [...]
A top official has stated NCDEX is going to modify and re-launch domestic thermal coal futures, and may also launch import coal futures. Domestic thermal coal futures were initially launched in September, but the contract has not succeeded in gaining volumes. Some of the modifications that are going to take place are the contract size [...]
A leading official has stated the government may end a 2 year ban on the trading of wheat and rice futures, due to large crops and lower prices that are being predicted this year. It is predicted that the production of wheat this year will exceed last year’s production of 78.4 million tonnes. Wheat, [...]
The National Commodity and Derivative Exchange’s daily turnover reached Rs 17.52 billion, with 2,024 users participating in trading on January 15, 2009. More than 80,287 trades took place, with some of the highest trades being Soya bean, Soya Oil, Rape Mustard Seed, Guar Seed, and Sugar.
The National Commodity and Derivative Exchange’s daily turnover reached Rs 14.98 billion, with 1,954 users participating in trading on January 14, 2009. More than 65,623 trades took place, with some of the highest trades being Soya bean, Soya Oil, Rape Mustard Seed, Guar Seed and Sugar. Additionally, on January 13th, 2,023 users participated in trading [...]
Turmeric futures finally rose Wednesday morning, signifying fresh buying. The NCDEX Turmeric April 2009 contract opened at Rs 3641 and hit a high of Rs 3667 per 100 kg. The counter currently trades at Rs 3654, up Rs 16 or 0.44% from the last close, and open interest added 1.20% to 20,230 lots from 19,990 [...]
Turmeric futures fell again on Tuesday in the domestic futures market. There is still hope for Turmeric because it is predicted that the lower arrivals and heavy export demand should stop Turmeric from falling any further. The contract fell almost 1.40 percent to the session low of Rs 3585 per 100 kg and the counter [...]
The NCDEX and the IPE decided they are going to have a project that allows Indian participants to trade rupee-denominated Brent Crude futures contracts. The Brent Crude contract will give Indian companies a chance to hedge in on oil price risk on the Indian Exchange. This contract will be traded exclusively on NCDEX. The IPE will [...]
