Business

FM Arun Jaitley To Unveil India’s First Agri-Options By NCDEX

SHAHNAWAZ | 0
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| January 13 , 2018 , 19:24 IST

Union Finance and Corporate Affairs Minister, Arun Jaitley will launch India’s First Agri-commodity Options in Guar Seed tomorrow. This is the unique first-of-its-kind hedging tool that will prove to be a game changer for the farmers.

The instrument, uniquely designed by NCDEX and approved by SEBI, is expected to deepen trade in that commodity and will benefit farmers in reaping improved price realizations for their produce, with limited downside risk.

This launch is largely inspired by the fact that Guar Seed is one of the most liquid contracts on the NCDEX platform and a large number of informal trading centers in some communities of Rajasthan are already involved in some form of informal options trading.

The Official Launch will also see farmers share their experiences on how NCDEX has helped better their lives. NCDEX has already seen 59 FPOs across various States participate on the Exchange, and more than 2.3 lakh farmers have already opened their trading account.

In order to promote awareness around this new agriculture-hedging tool, the Exchange has initiated a series of awareness programs and trainings across the value chain. The Exchange will also launch a mobile application on this occasion where farmers can learn more about Agro options and the commodities market.