BSE launches ticker in Navi Mumbai APMC market to display dry fruit prices

• The ticker broadcasts live prices from BSE‘s almond futures contract along with currency derivatives rates.
• This move will lead to greater price transparency and help market participants make effective decisions.
• BSE had launched in June 2020 what it believes to be the only almond futures contract in the world.

The Bombay Stock Exchange (BSE) launched a dry fruit ticker with the Agricultural Produce Market Committee (APMC) on Wednesday in Navi Mumbai. The ticker will broadcast live prices of BSE’s almond futures contract along with currency derivatives prices.

This move will lead to greater price transparency and help market participants make effective decisions.

“The launch of (the) ticker in the APMC market will help market participants measure the general market sentiment at any time. Wide distribution of prices will be used as a reference for physical market transactions, which in turn will positively affect life of traders especially when the intensity of information needed in the commodities market increases day by day,” said Sameer PatilChief Business Officer, BSE.

BSE launched the world’s only almond futures contract in June 2020. This was well received by market participants, it said.

Since its launch, the almond futures contract has seen physical deliveries of 2.4 lakh kg along with 52,162 tons traded, totaling 18.659 million.

“This is unprecedented and unique of its kind. This will create a huge awareness and will result in a huge participation of the trading community in the almond futures contract on BSE,” said Sameer Bhanushali, MD at Ashapura Agrocomm Pvt. Ltd.

According to media reports, the nut and dried fruit industry in India is pegged at ₹20,000 crore.

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