NCDEX develops rainfall index – The Hindu BusinessLine
The rainfall index, is a precursor to a climate by-product that would be introduced subsequently from the NCDEX platform.
With southwest monsoon just close to the corner, the country’s main agri-commodity bourse NCDEX on Sunday reported it has produced rainfall index, a device to monitor the progress of monsoon.
Just after having feed-back from market place stakeholders, the trade will start the rainfall index for investing as a by-product instrument, it reported.
Each farmers and commodity traders can get positions on this index as the instrument can be made use of as a hedge versus surplus or deficient rains.
“I assume a rainfall index is an simpler just one to test and may possibly be much more relevant to appear at and begin publishing. Just after we get much more feed-back, we will appear at other climate parameters,” NCDEX Handling Director and CEO Vijay Kumar explained to PTI in an job interview.
The layout of the rainfall index is nearing completion, he reported.
“After we publish, we will interact with individuals and get the feed-back in conditions of how people today want to use it and what profit they see and what applications they have. Then we layout the solution for investing,” he additional.
Kumar reported the trade will just present rainfall facts on the index to begin with. It will be for reference on your own and not a tradable instrument.
The rainfall index, in simple fact, is a precursor to a climate by-product that would be introduced subsequently from the NCDEX platform.
Previous thirty day period, NCDEX had introduced ‘Agridex’ that tracks and replicates the general performance of the ten most liquid commodities traded on the NCDEX platform.
There has been lively trade in Agridex appropriate from the working day just one and much more institutional gamers have demonstrated interest in this solution, he additional.
Posted on
June 07, 2020
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