National Commodity and Derivatives Exchange (NCDEX), an on-line multi commodity exchange of the country, will be increasing special margins on long positions of soybean and rapeseed futures with effect from beginning of day Wednesday, July 18, 2012.
The exchange has taken this step after oilseeds futures struck record highs on Monday’s trade on back of strong overseas markets and as poor rainfall raised concerns over output.
The existing special margin on Soyabean contract is 5% (in cash) on the long side and it shall be increased to 20% on all the running contracts and yet to be launched contracts. Similarly, the special margin for Rapeseed Mustard Seed has been increased to 15% from the earlier 5% (in cash) on the long side on all the running contracts and yet to be launched contracts.