4.1 C
London
Sunday, February 5, 2023

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

Must read

School food vendor apologizes for ‘unforgivable’ Black History Month menu, and it’s not the first time

A vendor that supplies meals to schools apologized for an "accidental insensitivity" Black History Month menu, echoing similar apologies it has made for more...

Elon Musk says Twitter will offer a free write-only API to bots that deliver ‘good’ content londonbusinessblog.com

Last week, Twitter said it will stop providing free access to its APIs starting February 9. Now days before the deadline, Elon Musk...

Laoshi’s $570,000 Card Game • londonbusinessblog.com

Most of the pitch deck teardowns to date (here's a handy list of the 30+ we've published so far) have been for institutional funding...

Malcolm Nance- Wiki, age, height, net worth, wife, ethnicity

Malcolm Nancy is the Chief Counter-Terrorism Analyst for MSNBC in the United States. Malcolm Nance is a citizen of Columbia County and a...
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

  • 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.

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

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

School food vendor apologizes for ‘unforgivable’ Black History Month menu, and it’s not the first time

A vendor that supplies meals to schools apologized for an "accidental insensitivity" Black History Month menu, echoing similar apologies it has made for more...

Elon Musk says Twitter will offer a free write-only API to bots that deliver ‘good’ content londonbusinessblog.com

Last week, Twitter said it will stop providing free access to its APIs starting February 9. Now days before the deadline, Elon Musk...

Laoshi’s $570,000 Card Game • londonbusinessblog.com

Most of the pitch deck teardowns to date (here's a handy list of the 30+ we've published so far) have been for institutional funding...

Malcolm Nance- Wiki, age, height, net worth, wife, ethnicity

Malcolm Nancy is the Chief Counter-Terrorism Analyst for MSNBC in the United States. Malcolm Nance is a citizen of Columbia County and a...

Apple could introduce a more expensive iPhone ‘Ultra’ in 2024

Apple is exploring the possibility of launching a more expensive iPhone "Ultra" over the iPhone Pro and Pro Max models, according to Apple tracker...