 "NCDEX gets FMC nod to launch 2015 mustard futures contracts")
Commodity markets regulator FMC has given permission to agri-commodity bourse NCDEX to launch futures contracts in rapeseed-mustard seed in 2015.
In its latest circular, the Forward Markets Commission (FMC) said that the exchange has been allowed to launch next year futures contracts in rapeseed-mustard seed but it should offer futures trading as per the contract specification approved by the regulator.
FMC has approved NCDEX' rapeseed-mustard seed futures contracts which has a trading unit of two tonnes and a delivery centre at Jaipur.
NCDEX is the leading agri-commodity bourse in the country.
In its latest circular, the Forward Markets Commission (FMC) said that the exchange has been allowed to launch next year futures contracts in rapeseed-mustard seed but it should offer futures trading as per the contract specification approved by the regulator.
FMC has approved NCDEX' rapeseed-mustard seed futures contracts which has a trading unit of two tonnes and a delivery centre at Jaipur.
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The regulator said the exchange should ensure there is no unhealthy speculative trading in the market and the commodity deposited in accredited warehouse should comply with the regulations laid down by other authorities like Food Safety Standard Authority of India(FSSAI).
NCDEX is the leading agri-commodity bourse in the country.