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NCDEX to re-launch Gur Futures for trading from December 15

15 Dec 2020 Evaluate

Adding one more product to its diversified Agri commodities portfolio, the National Commodity and Derivatives Exchange (NCDEX) is all set to re-launch the Gur Futures contract for trading. The Gur Futures contract will be made available for trading from December 15, 2020. Despite India being the largest producer of Gur, Brazil occupies the top slot as an exporter of the commodity.

NCDEX said the US, China and Indonesia are major importers of Gur, and added that the world Gur output was 13.6 million tonne in 2018, of which India alone accounted for around 8.17 million tonne. Uttar Pradesh leads the production chart with 47 per cent of the country's total output, followed by Maharashtra, Karnataka and Tamil Nadu sharing 21 per cent, 8 per cent and 5 per cent of the output, respectively.

The contract will be available for all monthly expiries in 2021, except for May and October. Gur or Jaggery is a pure, traditional, unrefined form of sweetener and is a low grade non-centrifugal ancient sweetening agent in India and other countries. It is different from Khandsari sugar, which is a finely granulated, crystallized Sugar that contains 94-98 per cent sucrose. It differs from refined sugar to the extent that the latter mainly consists of glucose and fructose, while the prior contains glucose and sucrose and also has minerals and vitamins.

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