Latest Post
Tampilkan postingan dengan label india guar news. Tampilkan semua postingan
Tampilkan postingan dengan label india guar news. Tampilkan semua postingan
01.45
Guar Seed Delivery Trade up, Guar Gum Trade Down in NCDEX
Written By mine on Sabtu, 04 Februari 2012 | 01.45
In NCDEX, for February delivery, the Guar Seed traded up 0.52% to Rs 12560 and guar gum traded down 0.3% to Rs 40900 on 4th February at 11:41IST
To restrict the upward movement of the guar complex, National Commodity & Derivatives Exchange (NCDEX) has postponed fresh launch of futures contract.
The exchange which planned to launch new contract in February 1for expiry in August has been postponed.
The movement was taken to control the prices of these minor commodities which continued their upward move despite several regulatory obstacles.
According to a senior official, if the contract remains live, traders will continue to take positions giving a clear direction to the price. In absence of future contracts, traders may limit their position due to non-availability of price directions resulting the possibilityof a decline, reported Business Standard.
To restrict the upward movement of the guar complex, National Commodity & Derivatives Exchange (NCDEX) has postponed fresh launch of futures contract.
The exchange which planned to launch new contract in February 1for expiry in August has been postponed.
The movement was taken to control the prices of these minor commodities which continued their upward move despite several regulatory obstacles.
According to a senior official, if the contract remains live, traders will continue to take positions giving a clear direction to the price. In absence of future contracts, traders may limit their position due to non-availability of price directions resulting the possibilityof a decline, reported Business Standard.
