National Commodity & Derivatives Exchange (NCDEX), an online multi commodity exchange, has launched world’s first bajra contract which will be available for trading from April 1. The exchange will initially launch May, June and July 2014 contracts for trading.
The exchange has taken this step for the benefit of Indian farmers who contribute close to half of the global supply. It will also meet the needs of local farmers and businesses as they can benefit from efficient price discovery and risk management.
Besides, in order to ensure smooth delivery and better integration with the value chain, NCDEX has ensured ample availability of accredited warehouses at the major bajra trading centres in Delhi, Rajasthan and Uttar Pradesh.