NCDEX will resume round futures from December 15

-

Mumbai, Ta. 14 December 2020, Monday

Commodity Exchange at the National Commodity and Derivatives Exchange (NCDEX) tomorrow. Round futures will resume from December 15. At the same time, one more commodity will be added to the futures range of various agricultural commodities offered by NCDEX. Muzaffarnagar in Uttar Pradesh will be the main delivery center in Gol's futures.

The resumption of jaggery futures has met the industry's long-standing demand. India leads the world in jaggery production with 40 per cent share. But so far no benchmark price of jaggery has been available for producers or traders.

Now that the jaggery futures have started, its true and timely price will be found. Once market executives start meeting benchmark prices, their business risk management and decision making becomes easier, smoother and more accurate.

India is the largest producer of jaggery and Brazil is the largest exporter of jaggery in the global market. The United States, China and Indonesia are the major importers of jaggery. According to the available data, the total global production of jaggery in the year 2015 was 1.4 million tonnes.

Out of which, India's production alone was 41.50 lakh tonnes. Uttar Pradesh tops the list with 8% of India's total production. While Maharashtra has 31 per cent, Karnataka eight per cent and Tamil Nadu five per cent. Jaggery is also used in medicine as well as in distilleries but there is currently no benchmark for jaggery trade, be it quality or price.

Comments

Post a Comment

Popular posts from this blog

Covid-19 effect: Significant increase in demand for second hand cars in the country

-
Image
Mumbai, May 26, 2020, Tuesday As lockdowns are being phased out across the country, the use of private vehicles using public transport to reach their destinations is on the rise. The increasing use of private vehicles has also increased the demand for cars, especially secondhand cars. Demand for second-hand cars is unprecedented. Inquiries for second-hand cars have almost doubled during the lockdown period compared to the time before the lockdown, according to a survey of about 100 dealers and car buyers. Demand for used cars at dealers has been strong in the last few weeks, and is expected to grow as the lockdown eases. Consumers are increasingly interested in buying second-hand cars, especially smaller ones, due to lower income levels and health-related safety, said an organized second-hand car dealer. Inquiries for a particular vehicle, which used to be around 15 per cent before the lockdown, have now doubled to 5 per cent. Inquiries for new vehicles have fallen from 21 per cen...
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more