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In May 2020, NCDEX had posted an ADTV of Rs 588 crore after a complete pan-India lockdown during the first wave of COVID-19 outbreak had caused supply chain disruptions ....
NCDEX cuts transaction fees on futures trade May 24, 2021 A charge of ₹6 will be made for trades up to ₹50 crore National Commodity and Derivatives Exchange of India (NCDEX) will reduce the transaction fees on futures trade to be executed on its platform from July 1. For members whose average daily traded volume up to ₹100 crore, the transaction charge has been reduced to ₹5.50 per ₹1 lakh. On trades above ₹100 crore and up to ₹300 crore the charges will be ₹4.50 per lakh and on incremental average daily traded volume above ₹300 crore the fees will be ₹3.50. Currently, the exchange charges ₹6 for trades up to ₹50 crore and ₹5 for trades between ₹50 crore and ₹250 crore. The charges for trade above ₹250 crore the fees is ₹4. ....
Soybean, refined soy oil futures decline on sluggish demand SECTIONS Last Updated: Apr 26, 2021, 08:10 PM IST Share Synopsis NCDEX soybean futures for May declined by Rs 239 or 3.29 per cent to Rs 7,032 per 100 kilogram in 81,285 lots. Agencies The June contract declined by Rs 280 or 3.94 per cent to Rs 6,849 per quintal in 37,410 lots. Related Soybean prices declined more than 3 per cent on Monday as traders trimmed their positions amid weak demand in the spot market. NCDEX soybean futures for May declined by Rs 239 or 3.29 per cent to Rs 7,032 per 100 kilogram in 81,285 lots. Sources said the reduction in the size of orders by traders was behind the sharp fall in the futures market. ....
Arun Raste to take over NCDEX chief April 25, 2021 His previous stints include IDFC First Bank, Kotak Mahindra Bank, NABARD, ACC Cement Arun Raste, executive director of National Dairy Development Board, will take over as the new Managing Director & CEO of agriculture focused National Commodity and Derivatives Exchange. His appointment is valid for five years. Raste will join NCDEX in due course of time, said the exchange in a statement. Earlier, market regulator Securities and Exchange Board of India had approved the appointment of Raste Prior to his stint with NDDB, he had worked with organisations like IDFC First Bank, Kotak Mahindra Bank, NABARD, ACC Cement and a non-profit NGO IRFT. ....
What contango, backwardation mean to commodity traders Bavadharini KS BL Research Bureau | Updated on April 24, 2021 × Contango and backwardation are two common terms that investors and traders in commodities markets often hear. Understanding them helps gauge the price, demand and supply in the market for a particular commodity. A trader or investor refers to a market condition for a commodity as contango when the futures price (for that commodity) is trading at a premium to spot price. This difference can arise as futures contract accounts for the spot price plus the cost of carry, storage and insurance. So often, the later-date futures contract could be more than just the underlying spot price, depending on the time until delivery. ....