PREVIOUS
✖
GUAREX and SOYDEX
July 11 , 2021
1361 days
1075
0
- The National Commodity and Derivatives Exchange (NCDEX) launched India’s 1st sectoral indices in agricultural-commodities space.
- NCDEX is India’s agricultural commodity exchange.
- The indices are GUAREX and SOYDEX.
- These indices will represent the performance of Guar complex and Soy complex.
- GUAREX – It is the return based index.
- It tracks the change in the price of the futures contracts of Guar Seed and Guar Gum Refined Splits on a real-time basis.
- SOYDEX – It will also trace the price changes in futures contracts of Soybean and Refined Soy Oil.
- Both the indices will be useful for hedgers to identify low-cost products.
- It will also offer trading strategies and risk management exercises.
- Futures Contract is a standardized legal agreement to buy or sell something at a predetermined price at a specified time in the future.
- A hedger is any individual or firm that buys or sells the actual physical commodity.
Leave a Reply
Your Comment is awaiting moderation.