NCDEX launches agriculture index futures, trading to start on Tuesday

Agridex represents produce grown in India and is not linked to any external benchmark; it will be available initially for trading of contracts expiring in June, July, September and December

National Commodity and Derivatives Exchange (NCDEX), India’s largest farm produce-centric online trading platform, has launched Agridex, a purely indigenous agriculture composite index futures trading system that will start on Tuesday. It is indigenous in the sense that it represents produce grown in India and is not linked to any external benchmark.

With a base value of 1,000, Agridex will be available initially for trading of contracts expiring in June, July, September and December.

The cash-settled agri index has 10 leading liquid contracts such as soybean, chana, coriander, cottonseed oil cake, guargum, guar seed, mustard seed, refined soy oil, castor seed