Commodity bourse NCDEX today said it will launch futures contract in Bajra (pearl millet) from April 1.
The unit for trading and delivery for the contract will be of ten tonnes, while maximum order size of the contract could be of 500 tonnes.
"We will launch futures contract in Bajra from April 1," NCDEX MD & CEO Samir Shah told reporters here.
Shah added that there has been increase in trading volumes of agri-products, especially soyabean, in the last few months.
".. In last couple of months, daily turnover in soyabean has jumped from Rs 500 crore to Rs 1,000 crore," he said.
Commenting on market sentiment, he said, "Due to NSEL crisis, there lack of confidence in the market. But ... commodity markets will only move upwards."
Shah welcomed commodity market regulator FMC's decision to levy up to 5 per cent penalty - of the shortfall in the required margin money - on members for failing to collect the required amount from clients.
"It is a good step and will further streamline and structure the process of collecting margin and the way margins are reported," he said.
