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13-Jul2017

NCDEX receives SEBI's nod to re-launch chana futures

National Commodity & Derivatives Exchange (NCDEX), an online agri-commodity exchange will re-launch the chana futures contract expiring in the months of September 2017, October 2017 and November 2017 for trading from July 14, 2017.

This step has been taken by the exchange after market regulator SEBI lifted ban on futures trading in chana (gram) in order to ensure better price realization for farmers as the country has achieved record production in 2016-17 crop year.

Last year in June, SEBI had suspended introduction of any new contracts in chana to curb speculation and check prices.




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