Guar and Chana star performers on NCDEX with volume rise of 154% and 93% yoy in February-15

Author(s): City Air NewsHighlights • Open Interest: Rs.6106 crore in February 2015; 7% increase as compared to previous month i.e. January 2015. • Total traded value of Rs.60521 crore with average daily traded value of Rs.2882 crore for...

Guar and Chana star performers on NCDEX with volume rise of 154% and 93% yoy in February-15
Author(s): 
Highlights
Open Interest: Rs.6106 crore in February 2015; 7% increase as compared to previous month i.e. January 2015.
Total traded value of Rs.60521 crore with average daily traded value of Rs.2882 crore for the month of February 2015.
85864 tonnes quantity delivered through the Exchange platform for the month of February 2015; 106% year on year increase.
Deliveries in forward segment cross 6000 tonnes mark.
Mumbai, March 4, 2015: Guar Seed -10 MT & Chana futures continued their good performance on NCDEX, for month of February, 2015 with a year on year growth of 154.54% and 93.23% respectively.
The recently launched forward segment on the exchange platform saw over 6200 tonnes of trade, valued at Rs. 1510 lakh, with over 6000 tonnes delivered through the Exchange platform since inception. In the month of February, 40 tonnes of commodities, valued at over Rs. 45 lakh were traded and 72 tonnes were delivered.  
In the futures segment, the open interest for February, 2015 stood at Rs. 6106 crore, showing a 7% increase over the previous month. The ADTV for the month stood at Rs. 2882 crore and 85,864 tonnes of commodities were delivered through the Exchange platform in this month.
For the agri futures segment, the monthly total volume was Rs. 58341 crore, with Chana, Refined Soya Oil and Castor Seed being the highest traded. The total traded volume for Chana was Rs.12480 crore with a year-on-year increase of 93%. The 10 MT Guar seed has seen excellent participation; clocking a volume of Rs. 5465 crore, growth of 154.54% year on year. 
 
Date: 
Wednesday, March 4, 2015