NCDEX launches 2 new agri commodity indices by admin- Tuesday, July 6th, 2021 08:09:32 AM
Futures on indices to begin quickly
The National Commodity Derivatives Exchange (NCDEX) has released agriculture-targeted commodity indices NCDEX Guarex and NCDEX Soydex. It expects to release futures buying and selling in these indices quickly.
Guarex will track charge motion in the futures contracts of its underlying Guar Seed and Guar Gum Refined Splits on a real-time basis. Similarly, Soydex will follow the price adjustments in futures contracts of Soybean and Refined Soy Oil.
Return-primarily based index
Arun Raste, Managing Director, NCDEX, said this is the primary go back primarily based agricultural futures index in agriculture commodities.
Initially, each the indices can be available at the trade’s website to gauge the performance underlying commodity.
The new indices will offer buying and selling and danger management opportunities for value chain individuals, he stated.
The weightage of Guar Seed and Guar Gum Refined Splits in Guarex can be sixty three.Forty three in step with cent and 36.Fifty seven per cent. In Soydex, Soybean and Refined Soy Oil may have the weightage of sixty seven.92 consistent with cent and 32.08 consistent with cent.
Being cash-settled contracts, Guarex and Soydex will become ideal products for hedgers who’ve been in a constant seek of low-price merchandise.
SEBI’s cross margin benefit will further sweeten the deal for hedgers in phrases of full-size discount inside the transaction by using using those indices, stated Kapil Dev, Chief Business Officer, NCDEX.
Last May, the change released Agridex which had given over 40 in line with cent go back in closing twelve months.