Press release

Rising OI in Guar Seed Futures up 114% year-on-year

Increased market confidence; robust offering


Jaipur, October 10, 2014: NCDEX- the leading commodity exchange in
India is the preferred trading platform for all stakeholders in the Guar
value chain. On October 9, 2013 the open interest of guar seed future
was 21849 MT, the contract has gained the confidence of the market
participants witnessing an open interest of 46790 MT as on October 9,
2014; showing an increase of 114% y-o-y. The average daily trade
quantity (ADTQ) stood at 53,000 MT in September 2014.

Speaking at the 2
nd
International Guar Conference which was organized at
Jaipur, Mr. Samir Shah, MD & CEO, NCDEX said Our endeavor has been to
enable growth; both for the enterprising farmer who looks at our
platform for benchmark prices and businesses which benefit from
increased efficiencies and transparency we bring to the trade. We are
happy to play the role of a catalyst in the guar value chain.

The guar contracts traded at NCDEX are useful for all the value chain
participants of Guar. The new guar seed 10 MT contract has helped the
hedgers who intend to take delivery to rationalize the transportation and
labour costs as compared to 1MT contract.

The small investors may undertake spread trading in guar seed 2MT
using day limit order functionality which was launched for trading from
October 1, 2014.


NCDEX has revised the hedge policy which allows availing the facility of
additional hedge limits for related commodity hedging and cross
hedging. The documentation procedures and audit procedures have also
been simplified in the revised policy.

The Guar International Conference is an endeavor by NCDEX to present a
unique networking and knowledge forum for all stakeholders connected
with Guar. It provides a platform to discuss, deliberate on the challenges
and opportunities to further develop the market for this unique
commodity which has put India on the world map. The conference saw an
encouraging response, over 250 delegates attended from India and
foreign countries.

ABOUT NCDEX:
As Indias leading online exchange, NCDEX is where customers repose
trust. It offers the widest range of benchmark products across
agriculture, metals and precious metals. NCDEX brings buyers and sellers
together through its electronic trading platform. With a widely held
shareholding, it enjoys the distinction of being the only exchange in the
country promoted by national level institutions. The institutional
promoters and shareholders of NCDEX are prominent players in their
respective fields and bring with them institutional building experience,
trust, nationwide reach, technology and risk management skills.


For further details contact:

Shalaka Kagathra/ Kalpesh Sheth Delna Irani/Minakshi Mishra
NCDEX Adfactors PR
Tel: 66406730/ 66406039 Tel 022-6757 4444