Government’s new initiative to increase farmers income

In news

National Commodity & Derivatives Exchange (NCDEX) has introduced options in guar seed, one of its most important products in the futures segment. It is the second exchange to launch options trading after MCX but the first one to introduce an agri options product.

Trading is one of the tools to ensure farmers get remunerative price for their produce

Issue

In some places the problem of falling prices because of higher production. Farmers are not getting the right price for their produce.

Agriculture is the top priority for the government because an overwhelming portion of our population is dependent on it.

National Commodity & Derivatives Exchange (NCDEX)

is an online commodity exchange based in India. It has an independent board of directors and provides a commodity exchange platform for market participants to trade in commodity derivatives. It is a public limited company, incorporated on 23 April 2003 under the Companies Act, 1956 and obtained its Certificate for Commencement of Business on 9 May 2003. It commenced operations on 15 December 2003.

 

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