Jan 14 date set for options trading in guar seed

The guar seed options contract will begin a new era of electronic trading of agricultural commodities

The National Commodity and Derivatives Exchange (NCDEX) is all set to launch the ‘guar seed options’ contract on the occasion of Makar Sankranti to be held on January 14.
 

The online commodity exchange had received the Securities and Exchange Board of India’s approval for the launch nearly four months ago, but waited for an auspicious occasion for its official launch.

With this, guar would be the second commodity, after gold, in which options contracts can be traded. The country’s largest commodity derivatives trading platform, Multi Commodity Exchange (MCX), had launched ‘gold options’ contract in October this year.

The guar seed options contract will