Sr. no Activities Details - NCDEXncdex.com/Downloads/NCDEXImpact/PDF/Monthly Media Bulletin...

Snapshot of activities

Sr. no Activities Details

1 NCDEX introduces “Adopt a Mandi” program

for community engagement

Issued on 31st December,

2014

2 Traded volume of forward contracts at

NCDEX tops 4,800 tonnes

Issued on 3rd January, 2015

3 AP Govt. starts procurement of Sugar

through NeML e-Auction Market (NAM)

Issued on 17th January,

2015

4 CII & NCDEX issued white paper on a

Warehouse Receipt Transactions Registry

Issued on 23rd January,

2015

NCDEX- Press Release: NCDEX introduces “Adopt a Mandi” program for community

engagement

Print

Sr. No Date Publication Headline Edition

1 01.01.15 Amar Ujala NCDEX introduces “Adopt a

Mandi” program for

community engagement

New Delhi

2

03.01.15

Prabhat NCDEX introduces “Adopt a



Ahmedabad

3

03.01.15

Herald

YoungLeader

NCDEX introduces “Adopt a



Ahmedabad

4 03.01.15 Suryakaal NCDEX introduces “Adopt a



Ahmedabad

5 03.01.15 Gujarat Pranam NCDEX introduces “Adopt a



Ahmedabad

6 03.01.15 Divya Gujarat NCDEX introduces “Adopt a



Ahmedabad

7 03.01.15 Chakde Gujarat NCDEX introduces “Adopt a



Ahmedabad

8 03.01.15 Mahanagar

Metro

NCDEX introduces “Adopt a



Ahmedabad

9 03.01.15 Marwad Mitra NCDEX introduces “Adopt a



Ahmedabad

10

05.01.15

Standard Herald NCDEX introduces “Adopt a



Ahmedabad

11 05.01.15 Metro Herald NCDEX introduces “Adopt a Ahmedabad



12

06.01.15

Suryakaal NCDEX introduces “Adopt a



Ahmedabad

Coverage

Publication : Amar Ujala Edition : New Delhi

Date : January 01, 2015 Page: 11

Publication : Prabhat Edition : Ahmedabad


Publication : Herald YoungLeader Edition : Ahmedabad


Publication : Suryakaal Edition : Ahmedabad


Publication : Gujarat Pranam Edition : Ahmedabad


Publication : Divya Gujarat Edition : Ahmedabad


Publication : Chakde Gujarat Edition : Ahmedabad


Publication : Mahanagar Metro Edition : Ahmedabad


Publication : Marwad Mitra Edition : Ahmedabad


Publication : Standard Herald Edition : Ahmedabad


Publication : Metro Herald Edition : Ahmedabad


Publication : Suryakaal Edition : Ahmedabad


NCDEX- Press Release: Traded volume of forward contracts at NCDEX tops 4,800

tonnes

Wire

Traded volume of forward contracts at NCDEX tops 4,800 tonnes

Leading commodity exchange National Commodity and Derivatives Exchange

(NCDEX) has registered a traded volume of 4,856 tonne in forward contracts and a

traded value of Rs 8.18 crore since its launch.

NCDEX had launched forward contracts in September 2014, the commodity

exchange said in a release.

The commodity delivered through the exchange platform in forward segment was

3,385.32 tonne till December 31, 2014.

"For trading in forwards segment of the exchange, already 12 farmers producer

organisations (FPOs) have registered with us as members, 25 FPOs are in process to

obtain membership of the Exchange.

"In the forwards segment out of newly launched 17 commodities, Jeera and Castor

have already started trading successfully on the platform," NCDEX Managing

Director and CEO Samir Shah said.

During December 2014, the Forwards segment registered a trade volume of 1,546

tonnes on the exchange, with traded value of Rs 3. 22 crore.

During the month 236.50 tonnes of commodities were delivered through the

exchange platform.

Sr. No Date Wire Headline

1 04.01.15 PTI Traded volume of forward contracts at NCDEX tops

4,800 tonnes

In the futures segment of the exchange, the average open interest for December

2014, was Rs 6,581.78 crore.

The average daily trading volume (ADTV) for the month was Rs 3,672. 32 crore and

1,04,979 tonnes of commodities were delivered through futures segment during

the month.

For the agri commodity futures segment, the monthly total volume was Rs

78,896.84 crore.

The top three traded commodities were castor seed, refined soya oil and chana.

The total traded value for castor seed was Rs 19,971.52 crore with a fall of over

30% year-on-year, chana was Rs 10,448.5 crore with over 2% year-on-year rise and

for refined soya oil was Rs 10,858.53 crore with a fall of over 40% fall.

Guar seed saw an excellent participation with 10 tonnes and clocking a value of Rs

8,123.95 crore, a growth of 504.33% year-on-year.

As a leading online exchange, NCDEX offers the widest range of benchmark

products across agriculture, metals and precious metals.

Print

Sr. No Date Publication Headline

1

05.01.12

Financial

Chronicle (Smart

Byte)

Smart bytes

2 The Economic

Times

Forward Contracts on NCDEX Cross 4,800

T

3 Financial

Chronicle

Traded volume of forward contracts at

NCDEX tops 4,800 tonnes

Coverage

Publication : Financial Chronicle Edition : All


Publication : The Economic Times Edition : Kochi


Publication : Financial Chronicle Edition : All


NCDEX- Press Release: AP Govt. starts procurement of Sugar through NeML

eAuction Market (NAM)

Print


1

19.01.15

The Hindu

Business Line

NCDEX e-arm procures 7,000

tonnes sugar for AP

All

2 Alpviram AP Govt. starts procurement of

Sugar through NeML eAuction

Market (NAM)

Ahmedabad

3 Lokmitra AP Govt. starts procurement of


Market (NAM)

Ahmedabad

4 Chakde Gujarat AP Govt. starts procurement of


Market (NAM)

Ahmedabad

5 Prabhat AP Govt. starts procurement of


Market (NAM)

Ahmedabad

6 Gujarat Pranam AP Govt. starts procurement of


Market (NAM)

Ahmedabad

7 Mahanagar

Metro

AP Govt. starts procurement of


Market (NAM)

Ahmedabad

8

20.01.15

Herald

YoungLeader

AP Govt. starts procurement of


Market (NAM)

Ahmedabad

9 Standard Herald AP Govt. starts procurement of


Market (NAM)

Ahmedabad

Coverage

Publication : The Hindu Business Line Edition : All


Publication : Alpviram Edition : Ahmedabad


Publication : Lokmitra Edition : Ahmedabad


Publication : Chakde Gujarat Edition : Ahmedabad


Publication : Gujarat Pranam Edition : Ahmedabad


NCDEX- Press Release: CII & NCDEX issued white paper on a Warehouse Receipt

Transactions Registry

Wire

NCDEX to launch forward trade in seven commodities from Feb 2

Mumbai, Jan 23 (PTI) NCDEX today said it plans to launch forward contracts in seven

additional commodities, including some pulses, at fixed price from February 2.

"We have got approval from the regulator for launching seven forward contracts at

fixed price early this month. We will launch the forward contracts of urad, tur,

yellow peas, yellow soyabean meal (domestic), pepper, RBD palmolein and bajra

from February 2," NCDEX Managing Director and CEO Samir Shah told reporters

here at a conference on `Agri Supply Chain 2015' organised by the CII.

Currently NCDEX has 19 forward contracts in a combination of fixed as well as

reference prices. It launched trading in forward contracts last September.

A forward contract is an agreement between two parties to buy or sell an asset or a

commodity of specified quantity and quality at a future date on a mutually agreed

delivery price. It is different from a spot contract or a futures contract.

"Warehouse financing is a crucial enabler in the holistic development of the

agricultural markets in India and there is a perceived trust deficit that the banks

have as far as the sector goes," Shah said on this occasion.

Electronic registry, which provides transparency and tracking of commodities in

every single warehouse in the country, will go a long way in giving comfort to the

banks and can be the single biggest game-changer for the industry, he said.

"This is in line with the development in the Indian capital market, which has

witnessed several initiatives that have helped in bringing transparency to the trade

and building confidence among the participants," he added.

Sr. No Date Wire Headline

1 23.01.15 PTI CII & NCDEX issued white paper on a Warehouse

Receipt Transactions Registry

Print


1 24.01.15 The Hindu

Business Line

NCDEX moots electronic registry for

warehouse receipts

All

2

27.01.15

Prabhat CII & NCDEX issued white paper on a

Warehouse Receipt Transactions

Registry

Ahmedabad

3 Marwad Mitra CII & NCDEX issued white paper on a


Registry

Ahmedabad

4 Mahanagar

Metro

CII & NCDEX issued white paper on a


Registry

Ahmedabad

5 Gujarat Vaibhav CII & NCDEX issued white paper on a


Registry

Ahmedabad

6

28.01.15

Alpviram CII & NCDEX issued white paper on a


Registry

Ahmedabad

7 Herald

YoungLeader

CII & NCDEX issued white paper on a


Registry

Ahmedabad

8 Standard Herald CII & NCDEX issued white paper on a


Registry

Ahmedabad

9 30.01.15 Metro Herald CII & NCDEX issued white paper on a


Registry

Ahmedabad

Coverage

Publication : The Hindu Business Line Edition : All


Publication : Marwad Mitra Edition : Ahmedabad


Publication : Gujarat Vaibhav Edition : Ahmedabad


Publication : Alpviram Edition : Ahmedabad


Publication : Metro Herald Edition : Ahmedabad


Publication: The Economic Times

Date : January 23, 2015

Headline: ‘Delivery- based Transactions key to Curbing Price Manipulation in Commexes’

Publication: Business Line


Headline: Karnataka shows the way on unified national agri market

Karnataka shows the way on unified

national agri market

ENAMUL HAQUE/ANU PETER

MS JAIRATH

The single market platform integrates 51 markets and aims at covering all the 155 main

market yards

January 28, 2015:

Owing to changing agricultural marketing environment, establishing a national market for

agricultural and horticultural produce is one of the focus areas of the government.

Absence of uniform regulations in States for the Agricultural Produce Marketing Committee

(APMC) Act and lack of similar taxation system are considered to be major hurdles in

establishing a common market.

Indicating that the popular GST (Goods and Service Tax) will be implemented, the

government is set to achieve market integration across the country. GST will play an

important role in unifying the markets across the nation.

It is also expected that this will boost trade among States. However, trading in agriculture and

horticulture produce could get excluded if States do not come forward to create a facilitating

environment..

Strategy of Karnataka

At a time when many States have not been able to reform their APMC Acts, Karnataka has

taken initiatives that were not conceptualised even under the model Act. The focus of the

Karnataka Government has always been on improving the regulation, enhancing the

efficiency of market, promotion of processing, export and facilitating infrastructure for

agriculture and horticulture.

The State has also set an example in formulating and practicing one of the best governance

systems in agricultural marketing.

Major initiatives

One of the major initiatives taken by Karnataka to implement market reforms in the

agricultural marketing sector is establishment of Rashtriya e-Market Services Limited

(ReMS), a joint venture of Karnataka Government and NCDEX Spot Exchange Limited.

It was the Agricultural Marketing Reforms Committee 2013, headed by Manoj Rajan,

Additional Secretary (Market Reforms), Government of Karnataka, who emphasised the

importance of leveraging technology in agricultural marketing system.

Accordingly, with the establishment of ReMS the State has set an example of market

integration.

The ReMS claims to offer complete technology and management solution for modernising

markets in state and operating the markets at a par with international practices.

The unified market platform has integrated some 51 markets so far.

It aims at covering all the155 main market yards as well as 354 sub-yards.

From the day of its launch (February 22, 2014), 7.5 lakh lots of trading has been done on the

platform with 45 lakh bids being made.

Transactions on the platform are worth ₹15,000 crore.

It has accommodated lakhs of farmers, 31,473 traders and 17,149 commission agents for all

the 92 regulated commodities.

Range of services

The services offered on ReMS are beyond imagination for most of the APMCs in the country.

ReMS offers automated auction and post auction process (weighing, invoicing, market fee

collection, accounting, payment of sale proceeds directly to farmers), assaying facilities in

markets, facilitate warehouse-based sale of produce, facilitate commodity funding to benefit

all stakeholders, price dissemination, secondary market development and capacity building

for stakeholders.

Reaping the benefits

Some of the major benefits of the platform are: single licensing system, increased

competition, easy and fast trading, better price discovery, etc.

Under this new initiative, traders are allowed to participate in auctioning at all APMCs in the

State with a single licence.

Participants such as businessmen, traders, millers, etc. from other States as well are allowed

to participate in online auctions.

This has resulted in better price discovery which is determined by considering demand and

supply equation not only of Karnataka but also in other States.

The other benefits which are reaped through this unique initiative are increased arrival of

commodities (diversion of trade from open market to APMCs), real time monitoring of prices

across the State, transparency in operations such as weighing, pricing, billing, etc. and better

quality maintenance of the produce.

The platform also facilitates users to track the integrated markets of specific commodities.

For example, an user can access the information about Tur (Arhar) in the markets of Raichur,

Gulbarga, Chitradurga and Tumkur online.

In the next phase of its reform, the State is looking forward to establish a system of transfer

of money to the accounts of farmers directly.

Lesson for other states

The ReMS is capable of accommodating large number of transactions. Other States can also

reform their agricultural marketing framework to become a part of this revolutionary step. In

anticipation of implementation of GST, States have to initiate to unify the market which later

can be integrated into national market.

The writers are associated with National Institute of Agricultural Marketing, Jaipur. Views

are personal.

(This article was published on January 28, 2015)

Broadcast: GSTV


Headline: Commodity Special Program - Talod

Broadcast: CNBC Awaaz

Date : January, 2015

Headline: Action 2015

Publication: Nafa Nuksan–


Headline: Commodity trade in eatable products

Publication: The Economics Times (Blogs)


Headline: Why government should not see gold as a burden

Why government should not see gold as a burden January 7, 2015, 3:01 PM IST Nidhi Nath Srinivas in Something Fresh | Economy, India | ET

India is burdened by its love for gold. Our position as the one of world’s top gold consumers

has become a cross round our neck. But need it be so? Not if China’s success is any indicator.

China has single-handedly tilted the balance of power in world gold market from West to

East.

China is the most important player in the world gold market. It accumulates gold for its

monetary value and in anticipation of a new monetary system. In 2013, China emerged as the

world’s largest producer and consumer of gold. In 2014, it effectively sealed this dominance

with a unique mix of market-savvy strategies.

The first one was to encourage its people to start holding gold. In 1950, communist China

prohibited private ownership of bullion and put the gold industry under state control. Fifty

years later the People’s Bank of China abandoned its monopoly on the purchase, allocation

and pricing of gold. In 2004, for the first time since 1950, private persons were permitted to

own and trade gold.

Gold demand in China could not have flourished as it has without the blessing of the

authorities. The World Gold Council’s recent report, China Gold Market: Progress and

Prospects, says, “China’s leaders regard the public’s gold holdings as part of the nation’s

reserves that could be called upon in an emergency”.

China should accumulate 8,500 tonnes in official gold reserves, more than the US, according

to Song Xin, President of the China Gold Association, General Manager of the China

National Gold Group Corporation and Party Secretary. Investment in gold has benefited also

from the limited selection of alternative forms of savings in China. Today China is the

world’s largest market for gold bars.

http://blogs.economictimes.indiatimes.com/author/nidhinathsrinivas/

http://blogs.economictimes.indiatimes.com/something-fresh/

http://blogs.economictimes.indiatimes.com/business/economy/

http://blogs.economictimes.indiatimes.com/india/

This demand will only accelerate in future. And it will be a fundamental factor supporting the

flow of gold from West to East.

The second aspect of the strategy is to consolidate its pole position as largest producer of gold

in the world. Gold’s big three (South Africa, the United States, and Australia) were the big

three for a long time. In 2007, China overtook them. Gold production over the last decade has

more than doubled. Interestingly, the major source of China’s big increase in production is

thousands of new smaller-scale mines. With labour and materials cheap, coupled with a

generally lax regulatory system, it’s not too difficult to develop a mining operation.

Foreign expansion will be a growing priority for Chinese mining companies. Australia, Peru,

Canada, Colombia and the United States are all attractive destinations for investment.

Growing political ties between China and Africa will also spur the development of projects in

Ghana and Congo. China’s central bank recently circulated a draft plan to ease restrictions on

gold imports by local miners.

The third strategy is the internationalization of its gold market. Until recently, China’s gold

market was closed. Now Chinese regulators are pushing to open up the country’s gold trade

and lure foreign investors as part of its broader effort to link the mainland to global markets.

In September, it began offering international institutions access to yuan-denominated gold

contracts in Shanghai’s free-trade zone through the International Board of SGE. The core

business of the SGEI is to facilitate offshore gold trading in RMB. International customers

can only deposit and withdrawal gold into and from IB Certified Vaults. This way

international banks or investors trading IB physical products cannot drain physical gold from

China mainland.

The first transactions were put through by a diverse group comprising HSBC, MKS

(Switzerland), and the Chinese banks, ICBC, Bank of China and Bank of Communications.

MKS is the Geneva headquartered precious metals trading group that also owns the large

PAMP refinery in Switzerland. International bullion banks who have already announced their

participation include ANZ, Standard Chartered and HSBC.

The presence of international refineries within SGEI trading should help it become a serious

competitor to the gold price discovery in the London and New York markets. Since there is a

lot of physical gold flowing through the exchange, price discovery is not just based on mostly

unallocated gold as in London or paper gold as in New York.

There is also a larger game plan here. The world price of gold is dollar-priced and fluctuates

with the US dollar. With the shaky status of the US dollar as the international reserve

currency, China wants a new global currency setup. China has established a free trade yuan-

denominated spot gold trading platform and a corresponding settlement system to increase

China’s influence over global bullion prices.

The fourth, and related, development has been the closer relationship between Hong Kong,

Singapore, and Shanghai gold markets. The Hong Kong-based Chinese Gold and Silver

Society recently announced that they plan to build a massive new precious metals vault in

Qianhai in Shenzhen. Its real purpose is to support a CGSE gold trading platform in

Shenzhen and allow this new Shenzhen gold exchange to link up with the Shanghai Gold

Exchange. Singapore has also introduced a physical gold contract this year in tandem with

SGE, highlighting a push in the biggest consuming region to establish new price benchmarks

as demand shifts east.

In the past, the world’s gold supply was channeled through London. Now a majority of

refiners are in Switzerland and they are increasingly producing the 1 kg bar destined for Asia.

With China opening up gold importing to bullion banks to channel gold directly to Shanghai,

the supply through London is falling. So the ability of London to reflect a price that accounts

for the bulk of global demand/supply is diminishing. Soon global gold suppliers and buyers

will flock to do business in Shanghai rather than in London. In short, China is purposefully

changing the structure of the world gold market.

China’s moves show that some governments believe gold will return to its role as an

international currency. That gold can fill the vacuum created by the flailing ruble, dollar and

the euro. India, as the other engine of the demand pull from the East, can equally easily take

advantage of this shift. But that will only happen when we stop seeing gold as a burden, or as

merely raw material for the jewellery sector, and fit it into our broader strategic and financial

imperatives.

Publication: Nafa Nuksan


Headline: Exchange Traded Forwards: Multiple Options of Delivery

Publication: Agro One Sakal





Headline: Exchange Traded Forwards: Flexible Quality Norms & Assured Quality

Publication: Business Line & Business Standard


Headline: Exchange Traded Forwards: Streamlined Settlement

Publication: Sanmarg



Publication: Nafa Nuksan



Publication: Nav Gujarat Samay


Headline: Exchange Traded Forwards: Traditional v/s ETF

Publication: Nav Gujarat Samay


Headline: Exchange Traded Forwards: Price Flexibility

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