January 14, 2018 6:55 AM

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FM Arun Jaitley to launch country's first Agri-commodity Options in Guar Seed today

Finance Minister Arun Jaitley will launch the country's first Agri-commodity Options in Guar Seed, on the occasion of Makar Sankranti in New Delhi today. It is the unique first-of-its-kind hedging tool that will prove to be a game changer for farmers. <br/><br/>The instrument designed by the National Commodity and Derivatives Exchange Limited (NCDEX) and approved by the Securities and Exchange Board of India is expected to deepen trade in the commodity. An official release said it will benefit farmers in reaping improved price realizations for their produce, with limited downside risk.<br/><br/>Guar Seed is one of the most liquid contracts on the NCDEX platform and a large number of informal trading Centres in some communities of Rajasthan are already involved in some form of informal options trading.

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