The country’s top two commodity exchanges — MCX and NCDEX — have announced special and additional margins on potato futures to curb speculation and contain price rise.
A special margin of 5 per cent and additional margin of 10 per cent have been levied on potato futures, the comexes said in separate circulars.
The new margins on potato futures (both Agra and Tarkeshwar varieties), traded on the MCX platform, are already effective from April 18, while on the NCDEX, margins would be enforced on running futures contracts of potato from tomorrow, they said.
The measures were taken after potato prices in the futures market shot up by 65 per cent to Rs 900 a quintal from Rs 550 in the last two months.