NCDEX withdraws 20% special margin on cottonseed oil cake contracts

National Commodity and Derivatives Exchange (NCDEX), an on-line multi commodity exchange of the country, has withdrawn special margin of 20% (in cash) on the long side in Cotton Seed Oil Cake December 2012 contract and all other subsequent running and yet to be launched contracts with effect from beginning of day Wednesday, September 05, 2012.

However the September 2012 contract shall continue, subject to special margin of 20% (in cash) on the long side. 

The exchange will be withdrawing the special margin as per the Byelaws, Rules and Regulations of the Exchange.