- 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
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
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
According to media reports, the nut and dried fruit industry in India is pegged at ₹20,000 crore.
ALSO SEE:
The government is reportedly reworking the FAME-II scheme to ensure companies use domestic components
Indian phone brands may not be able to fill the void China’s budget phone ban could create