Commodities Trading: The new time will be applicable from 14 August 2023. Now there will be business from 10 am to 5 pm. Earlier trading used to start at 9 am.
Commodities Trading: There is big news for those trading in commodities. The timing of commodities trading on the National Commodity and Derivatives Exchange (NCDEX) has changed.
The new time will be applicable from 14 August 2023. Now there will be business from 10 am to 5 pm. Earlier trading used to start at 9 am. Let us tell you that Zee Business was the first to tell you that the trading time on NCDEX will change from August 14.
Isabgol seed trading started:
NCDEX has launched the futures contract of Isabgol seeds on its platform in April this year. Unjha of Gujarat has been made its distribution center.
The futures contracts are available for trading in the four months from May to August, 2023 and the exchange will add new contracts subsequently as per the contract launch calendar.
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The Isabgol Seed contract will be a compulsory delivery-based contract and will be traded at godown prices excluding Goods and Services Tax (GST) at Unjha base center with a daily price limit of 6%.
India produces 1,50,000 to 2,00,000 tonnes of isabgol seeds annually, which accounts for 80 percent of global production. Gujarat contributes to 80% of the Isabgol production in the country. It is followed by Rajasthan and Madhya Pradesh.