- The ticker will broadcast live prices of
BSE ’s almond futures contract along with currency derivatives rates. - This move will lead to increased price transparency and will help market participants in effective decision making.
- BSE had launched what it claims is the world’s only almond futures contract in June 2020.
This move will lead to increased price transparency and will help market participants in effective decision making.
"The launch of (the) ticker at the APMC market will help market participants gauge overall market sentiment at any point of time. Wide dissemination of prices will be used as reference for physical market transactions, which in turn will positively impact the lives of traders especially when the intensity of information needed in commodities market is increasing day by day,” said
BSE launched what it claims is the world’s only almond futures contract in June 2020. This had been well received by the market participants, it said.
Since its launch, the almonds futures contract has seen physical deliveries to the tune of 2.4 lakh kg, along with 52,162 tonnes being traded, aggregating to ₹18,659 million.
“This is unprecedented and one of its kind. This will create massive awareness and will result in huge participation from the trading community in the almond futures contract on BSE,” said
The nut and dry fruit industry in India is pegged at ₹20,000 crore, according to media reports.
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