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Commodity markets get AGRIDEX, India first Agri Futures Index

Dr. Lakshmi Unnithan
Dr. Lakshmi Unnithan

AGRIDEX, India’s first tradable Futures Index, registered a Total Volume of Rs 21crore, whereas the Open Interest stood at 141 Lots and the Total traded quantity on the Exchange stood at of 418 Lots. India’s leading agri commodity exchange National Commodity and derivatives Exchange Limited (NCDEX) today launched country’s first tradable Agri FuturesIndex - NCDEX AGRIDEX. The Index saw a promising response from market participants asit registered a Total Volume of Rs 21 crore, whereas the Open Interest stood at 141 Lots onthe first day of its trading. The total traded quantity on the Exchange stood at 418 lots at the closing of trading hours on Day 1

Mr. Kapil Dev, EVP & Head- Business, NCDEX said, “It’s really encouraging to see the response that we received on the opening day of AGRIDEX today 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 theaspirations and demands of the market as according to the need of the hour. Our endeavor is to keep adding innovative instruments and products that make the Exchange an inclusiveplatform, helping value chain participants to grow in the agri-ecosystem,” he added.

About 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’sleading 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 aworld-class commodity exchange platform for market participants to trade in a widespectrum of commodity derivatives driven by best global practices, professionalism and transparency.

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