NCDEX to introduce rapeseed mustard oil cake futures from Apr 24
DSIJ Intelligence / 21 Apr 2017
Expiring in the months of May, June, July and August, 2017, Rapeseed mustard seed oilcake will be available for trading from April 24, 2017.
The National Commodity and Derivatives Exchange Ltd. (NCDEX) introduced rapeseed mustard oil cake to the bourses for futures trading on April 21, 2017, providing the mustard value chain participants an effective tool to promote transparent pricing and lower price risk.
Since mustard seed covers nearly 65 per cent of the cake, setting of an intermediary price benchmark which facilitates operation of the entire mustard value chain including farmers, traders, millers, exporters and the entire feed industry that drives the demand of rapeseed meals immensely.
Rapeseed mustard seed oilcake will be a compulsory delivery contract included in the “List C” commodities, involving a transaction charge of Rs. 0.10 per lakh of trade with no risk management fee. Expiring in the months of May, June, July and August, 2017, Rapeseed mustard seed oilcake will be available for trading from April 24, 2017.
India is among the three largest mustard seed producers in the world, while the delivery centre of the commodity will likely to be Jaipur, Alwar, Kota and Sri Ganganagar in Rajasthan.
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