Futures trading in yellow peas will start from October 16 in NCDEX

15-Oct-2024 11:50 AM

Mumbai. Futures trading in yellow peas is going to resume from October 16, 2024 on the platform of National Commodity and Derivatives Exchange Ltd. (NCDEX), a leading commodity futures platform at the national level. In the initial phase,

contracts expiring in November 2024, December 2024, January 2025 and February 2025 will be available, while the deal for the coming months will be launched later. The necessary approval for this has already been received from the regulatory body - Securities and Exchange Board of India (SEBI).

These contracts will be available for yellow peas in non-processed whole raw form (which is not for direct human consumption) and its symbol will be "YELLOW P".

The exchange has issued a circular informing its members and partners that for the time being a four-month contract will be made available.

Its unit will be in metric tonnes and the basic level of open interest will be 1,20,500. The concentration margin and threshold hold limit will come into effect from the commencement of trading on October 16, 2024.

A risk management fee of Rs 5 per lakh will be applicable on the value of each overnight open interest position created, while a transaction charge of Rs 5.80 will be levied for every Rs 1 lakh of turnover.