The National Commodity and Derivatives Exchange (NCDEX) has commenced trading in Rapeseed Mustard Oilcake futures. The introduction of this contract, will give the mustard value chain participants an effective tool to manage their price risk and get transparent and relevant price signals.
Rapeseed Mustard seed Oilcake expiring in the months of May, June, July & August 2017 were available for trading from April 24, 2017. The delivery centres are Jaipur, Alwar, Kota and Sri Ganganagar.
Rapeseed Mustard seed Oilcake is a compulsory delivery contract and is included in the List C commodities, with a transaction charge of Rs 0.10 per lakh of trade and no risk management fee, making it a highly cost effective contract for the trade.