National Commodity and Derivatives Exchange (NCDEX), an on-line multi commodity exchange of the country, will be imposing a special margin of 20% (in cash) on the long side of Cotton Seed Oil Cake contract with effect from beginning of day Saturday, July 21, 2012.
The exchange has imposed this margin on all the running contracts and yet to be launched contracts. The exchange has taken this step after the key August contract has risen by more than 21% since the start of the month.