1. NCDEX takes measures on coriander futures

NCDEX takes measures on coriander futures

Currently, the total open interest at the NCDEX in dhaniya is 59,610 MT, with the near month (June 2017) open interest at 43,180 MT.

By: | Pune | Published: May 26, 2017 3:29 AM
Dhaniya futures prices, spot prices, Exchange for Kota, Rajasthan, Gondal, Gujarat, NCDEX Dhaniya futures prices have fallen by around 22% during May 2 to May 24.

Dhaniya futures prices have fallen by around 22% during May 2 to May 24. In the same period, the spot prices as polled by the Exchange for Kota (Rajasthan) have fallen by 18% while those for Gondal (Gujarat), which is an additional delivery centre, have fallen by 22%, a statement issued by the NCDEX has said. Also, the modal prices as per Agmarknet for Gondal and Kota Mandi have fallen by 21% and 20%, respectively.

Currently, the total open interest at the NCDEX in dhaniya is 59,610 MT, with the near month (June 2017) open interest at 43,180 MT. The total stocks in the exchange-approved warehouses at different centres — Gondal, Kota, Ramganj Mandi, Jaipur and Baran — is 32,100 MT. There has been a total delivery of 4,410 MT for the May 2017 expiry contract on the exchange. In view of the significant price movement in dhaniya and increased volatility in prices, the exchange has taken various surveillance and risk management measures like imposition of special marginsion the short side, reduction in open interest threshold level for applicability of concentration margins, among others.

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The exchange has said it is constantly monitoring the situation in dhaniya with its stringent surveillance and risk management framework. Market participants have been advised to exercise caution and not to follow unfounded rumours circulated via various mediums like electronic media, social networks, SMS, WhatsApp, etc, while trading on the exchange platform.

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