National Commodity and Derivatives Exchange (NCDEX), an on-line multi commodity exchange of the country, will be removing additional margin of 20% (in cash) on the short side of Turmeric contract with effect from beginning of day Wednesday, July 25, 2012.
The exchange has abolished this margin on all the running contracts and yet to be launched contracts. However, the special margin of 20% (in cash) on the long side of on Turmeric contract will continue.