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Commodity markets get AGRIDEX, India’s first Agri Futures Index

TOPICS:
Mr. Kapil Dev, EVP & Head- Business, NCDEX

Posted By: Sachin Murdeshwar May 28, 2020

  • AGRIDEX, India’s first tradable Agri Futures Index, registered a total trade value of Rs 45 crores with 885 lots traded in the first two days
  • AGRIDEX was launched by NCDEX on 26 May 2020

MUMBAI, May 28, 2020 (GPN): India’s first tradable Agri Futures Index AGRIDEX, launched on Tuesday by the leading agri commodity exchange National Commodity and Derivatives Exchange Limited (NCDEX), has carried on the enthusiasms and interest in the market participants by registering an impressive growth in trade value and quantity over its launch day. 

The Index registered Rs 24 crore of trade value with the 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 Rs 21 crore in value with the total traded quantity of 418 lots.

IMG_20200528_102359Mr. Kapil Dev, EVP & Head- Business, NCDEX said, “It’s really encouraging to see the response that we received on AGRIDEX and it has further strengthened our belief that AGRIDEX will enable more participation from retail and institutional players in the agri commodity space.”

“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,” he added. ENDS

IMG_20200528_102829IMG_20200528_102800About NCDEX:

NCDEX is a leading, professionally managed, agricultural commodity Exchange in India, which offers services across the entire value-chain of agricultural commodities. As India’s leading online Exchange, NCDEX offers a wide range of benchmark products across agriculture commodities. NCDEX brings buyers and sellers together through its electronic trading platform.  

NCDEX is technology driven de-mutualised on-line commodity exchange with an independent Board of Directors and professional management. It is committed to provide a world-class commodity exchange platform for market participants to trade in a wide spectrum of commodity derivatives driven by best global practices, professionalism and transparency. 

For more information & historical data, please visit :https://ncdex.com/Indices/AGRIDEXIntro.aspx

About the Author

Sachin Murdeshwar
Sachin Murdeshwar is a Sr.Journalist and Columnist in several Mainline Newspapers and Portals.He is an ardent traveller and likes to explore destinations to the core.

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