The Hindu Business Line : NCDEX to showcase futures trading benefits in coriander trade

JAIPUR: The National Commodity and Derivatives Exchange has drawn up plans to reach out to physical traders of coriander in Rajasthan and Madhya Pradesh by impressing upon them the benefits of trading on its online futures trading platform.

In the run-up to the forthcoming harvest season, NCDEX would hold workshops for physical traders of coriander at the four designated delivery centres - Kota, Ramgunj Mandi, Jaipur (Rajasthan) and Guna (Madhya Pradesh), a press release issued here said.

Coriander (Badami Whole Dhaniya variety) is traded on the NCDEX platform under the 'Dhaniya' ticker symbol and the unit of trading and delivery units are both 10 MT, it added.

The daily price fluctuation limit for futures trading in coriander is 3 per cent. If trading hits the prescribed daily price limit, then there is a cooling-off period for 15 minutes.

Trade is allowed during this cooling-off period within the price band. Thereafter, the price limit is extended by another (+/-) 1 per cent. No trade is permitted during the day beyond the price limit of (+/-) 4 per cent from the previous day's closing pr ice.

The position limit under this contract is a maximum of 3,000 MT for all contracts or 15 per cent of market open position, whichever is higher, for a member and a maximum of 1000 MT for all contracts for a client. - PTI

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