“Continued trade disruptions notwithstanding, we have posted a strong performance in June helping a number of agri value chain participants to effectively manage their price and raw material risks through the exchange platform,” NCDEX Managing Director and Chief Executive Officer Arun Raste mentioned.
In June, the Refined Soy Oil contract continued to be the nation’s prime agri-derivative contract for the tenth successive month.
The contract posted an ADTV of Rs 653 crore in June, up 267 per cent from Rs 178 crore posted in June 2020. The ADTV in Mustard rose 135 per cent in June to Rs 326 crore year-on-year and the identical in Chana elevated 129 per cent to Rs 277 crore.
Soybean contract posted an ADTV of Rs 199 crore, up 93 per cent year-on-year.
“The increase in trading volume and deliveries underlines the importance of agri-derivatives market as a place to manage price as well as raw material risks during trade disruptions. With Kharif plantations peaking this month, the exchange is ready to serve farmers and Farmer Producer Organisations (FPOs) to enable them to lock-in price of their harvests,” NCDEX Chief – Business and Products, Kapil Dev added.