NCDEX, FMC organise awareness programme

Jamnagar, Gujarat, May 9 (UNI) The National Commodities and Derivatives Exchange Limited (NCDEX) and the Forwared Markets Commission (FMC) had arranged a joint programme here on Monday to spread awareness about the benefits of future trading in commodities.

The programme was attended by over 150 participants including farmers, traders, processors and exporters who were briefed about the commodity supply chain, and the economic benefits that will accrue to them by hedging on the exchange platform.

FMC Member Rajeev Agrawal informed the participants that the exchange has recently launched trading in future contracts in polymers to protect the market participants against volatility in prices.

Trading has commenced in three polymer products -- polyproplylene, linear low density polyethylene and polyvinyl chloride.

NCDEX is an online multi-commodity exchange which is driven by professionalism, transparency and best global practices providing a world class trading platform for market participants to trade in a wide range of commodities, while FMC is the regulator for commodities and derivative market to monitor market activities and take preventive and pro-active measures to prevent manipulation.

UNI