NCDEX withdraws 20% special margin on Turmeric 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National Commodity and Derivatives Exchange (NCDEX), an on-line multi commodity exchange of the country, has withdrawn special margin of 20% (in cash) on the long side in Turmeric November 2012 and December 2012 expiry contracts with effect from beginning of day Saturday, October 20, 2012.

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