National Commodity and Derivatives Exchange (NCDEX), the leading commodities futures exchange in agri commodities and ferrous metals in India, has signed a Memorandum of Understanding (MoU) with India Pulses and Grains Association (IPGA) to work in collaboration for increasing effectiveness of trade tools including lifting of trading restrictions through continuous dialogue with regulator and policymakers. The MoU was signed during the Pulses Conference 2014 being held in Goa, which was attended by the trade fraternity including the members of the IPGA.
The MoU will help facilitating and recommending measures to increase trade efficiencies and price discovery in pulses and grains, with the vision to put India on the world map of pulses and grains; Joint training workshops on hedging to be conducted for members, who will be kept updated on developments in the futures market by the Exchange.
Besides, the MoU will also help research studies including trend analysis, crop surveys and field studies aimed at understanding and recommending solutions to overcome key challenges faced by the industry and efforts made to educate stakeholders about the benefits of the transparent, online spot platform of the Exchange (NSPOT)