|| Shree Mumba Devi Prasanna ||


AGMARKNET
20 Jun 2021
Wheat : Maharashtra 2189 Max Price: 1901 Min Price: 1625   |   Maize : Deshi Red Max Price: 1525 Min Price: 1525   |   Maize : Yellow Max Price: 1750 Min Price: 1400   |   Jowar(Sorghum) : Jowar ( White) Max Price: 1800 Min Price: 1800   |   Soyabean : Yellow Max Price: 7000 Min Price: 4800   |   Onion : Red Max Price: 1500 Min Price: 1500   |   Onion : Local Max Price: 2100 Min Price: 600   |   Cauliflower : Local Max Price: 2500 Min Price: 1500   |   Brinjal : Brinjal Max Price: 2000 Min Price: 1200   |   Tomato : Local Max Price: 1200 Min Price: 400   |   Tomato : Tomato Max Price: 1200 Min Price: 260   |   Bitter gourd : Bitter Gourd Max Price: 4500 Min Price: 3500   |   Bottle gourd : Bottle Gourd Max Price: 1000 Min Price: 800   |   Green Chilli : Green Chilly Max Price: 4000 Min Price: 2000   |   Chilly Capsicum : Chilly Capsicum Max Price: 1800 Min Price: 500   |   Beans : Beans (Whole) Max Price: 7000 Min Price: 4000   |   Carrot : Carrot Max Price: 4000 Min Price: 2500   |   Cabbage : Cabbage Max Price: 400 Min Price: 300   |   Beetroot : Beetroot Max Price: 2500 Min Price: 1500   |   Cucumbar(Kheera) : Cucumbar Max Price: 1800 Min Price: 1000   |   Ridge gourd(Tori) : Ridgeguard(Tori) Max Price: 4500 Min Price: 2000   |   Raddish : Raddish Max Price: 1200 Min Price: 500   |   Thondekai : Thondekai Max Price: 1200 Min Price: 1000   |   Capsicum : Capsicum Max Price: 3000 Min Price: 1400   |   Chapparad Avare : Chapparada Avarekai Max Price: 4500 Min Price: 3000   |   Seemebadnekai : Seemebadanekai Max Price: 1000 Min Price: 800   |   Knool Khol : Knool Khol Max Price: 2000 Min Price: 1500   |  

Farmers


NCDEX launches India’s first agri futures index

NCDEX launches India’s first agri futures index

National Commodity and Derivatives Exchange Limited (NCDEX) has launched India's first tradable agri futures index AGRIDEX.

Share with : Facebook Whatsapp Twitter Linkedin

MUMBAI, 8 June 2020: National Commodity and Derivatives Exchange Limited (NCDEX) has launched India's first tradable agri futures index AGRIDEX by registering an impressive growth in trade value and quantity over its launch day.

The NCDEX AGRIDEX futures contracts expiring in the months of June 2020, July 2020, September 2020 and December 2020 is available for trading from 26 May 2020.

The Index registered INR 24 crore of trade value withthe total traded quantity of 467 lots on the second day of its trade. The open interest stood at 187 lots.

On its debut, AGRIDEX had registered a total trade of INR 21 crore in value with the total traded quantity of 418 lots.

“The introduction of AGRIDEX Futures is another important step in the same direction. AGRIDEX Futures contracts will provide investors one more tool for trading and risk management at a composite level,” NCDEX managing director & CEO Vijay Kumar said.

Speaking on this development, NCDEX EVP & Head- Business Kapil Dev said, ““Futures on AGRIDEX are an important addition to the agricultural derivative products on NCDEX, and the first tradeable commodity index based on Indian domestic prices. Since AGRIDEX Futures Contracts provide a diversified cash settled instrument it will help in widening participation on the Exchange from both institutional and retail investors.”

“We are happy that we have been successfully introducing various products to fulfil the aspirations and demands of the market as according to the need of the hour. Our endeavour is to keep adding innovative instruments and products that make the Exchange an inclusive platform, helping value chain participants to grow in the agri-ecosystem,” Dev stressed.

NCDEX has partnered with National Stock Exchange (NSE) indices, a leading Index service provider, to maintain and disseminate real-time NCDEX AGRIDEX values.

About AGRIDEX

AGRIDEX is a return-based index comprising of ten liquid commodities traded on NCDEX.  AGRIDEX has commodity wise and sector wise floors and caps, with no single commodity or sector dominating the index.

It has very low correlation with other asset classes and Indices. To ensure diversification, no group of related commodities may constitute more than 40% of the total weight age in the Index.

The rollover will be done on the first 3 days of the expiry month and the Index would be rebalanced annually on the first business day of April. A Floor and a cap is enforced upon the weights of each commodity.

Sector-wise capping is done based on aggregated weights of each sector. AGRIDEX is a comprehensive agri commodities Index which provides a holistic view over this segment.


© Copyright 2021 Agriculture Times. All rights reserved. Republication or redistribution of Agriculture Times content, including by framing or similar means, is expressly prohibited without the prior written consent.

Support our venture and help farming commmunity in India. If you want us the work better FUND US. For as little as INR 10, you can support2.jpg the AgriTimes™ and it only takes a minute. Thank you.

Partners