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FMC approves NCDEX' rapeseed-mustard seed futures contracts

17 Dec 2014 Evaluate

National Commodity & Derivatives Exchange (NCDEX), the country’s leading commodity derivatives exchange, has received approval from commodity markets regulator FMC to launch futures contracts in rapeseed-mustard seed in 2015.

The Forward Markets Commission (FMC) has approved NCDEX’ rapeseed-mustard seed futures contracts which has a trading unit of two tonnes and a delivery centre at Jaipur.

The regulator stated that 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).

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