ICEX to release Basmati Paddy futures contract by admin- Thursday, July 11th, 2019 07:49:18 PM
Indian Commodity Exchange Limited (ICEX) will release Basmati Paddy 1121 futures agreement on Thursday. The trading and shipping unit may be 10 metric tonnes and the transport centre is Karnal, Haryana.
From Thursday, September, October and November settlement expiry may be to be had for trading.
ICEX had received popularity of release of Basmati Paddy futures settlement inside the last week of March 2019. Since then it has engaged in instructing the marketplace members with education and recognition through organizing workshop and seminar in Haryana, Punjab and Delhi.
The general Basmati paddy production in India is approx 10 million tonnes.The rate of Basmati paddy is approx Rs. 4200 in line with quintal. The physical marketplace length of Basmati paddy 1121 is round 6.Five million tonnes. Punjab and Haryana are fundamental contributors with over 80 in step with cent production coming from those states.