Comments
The Forward Markets Commission has given permission to agri-commodity bourse NCDEX to launch futures contract in rapeseed-mustard seed in 2015.
In its latest circular, the FMC said that the exchange has been allowed to launch futures contract in rapeseed-mustard seed next year but it should offer futures trading as per the contract specification approved by the regulator.
FMC has approved NCDEX’s rapeseed-mustard seed futures contract which has a trading unit of two tonnes and a delivery centre at Jaipur.
The regulator said the exchange should ensure there is no unhealthy speculative trading in the market and the commodity deposited in accredited warehouse should comply with the regulations laid down by other authorities like the Food Safety Standard Authority of India (FSSAI).
NCDEX is the leading agri-commodity bourse in the country.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.