NCDEX develops rainfall index – The Hindu BusinessLine

The rainfall index, is a precursor to a climate spinoff that would be introduced subsequently from the NCDEX system.

With southwest monsoon just about the corner, the country’s primary agri-commodity bourse NCDEX on Sunday mentioned it has produced rainfall index, a device to monitor the progress of monsoon.

Immediately after using feedback from industry stakeholders, the trade will launch the rainfall index for investing as a spinoff instrument, it mentioned.

Both of those farmers and commodity traders can consider positions on this index as the instrument can be employed as a hedge in opposition to excessive or deficient rains.

“I believe a rainfall index is an much easier just one to try and might be more suitable to appear at and start publishing. Immediately after we get more feedback, we will appear at other climate parameters,” NCDEX Taking care of Director and CEO Vijay Kumar informed PTI in an job interview.

The layout of the rainfall index is nearing completion, he mentioned.

“After we publish, we will interact with participants and get the feedback in terms of how men and women want to use it and what reward they see and what programs they have. Then we layout the products for investing,” he included.

Kumar mentioned the trade will just supply rainfall information on the index initially. It will be for reference on your own and not a tradable instrument.

The rainfall index, in reality, is a precursor to a climate spinoff that would be introduced subsequently from the NCDEX system.

Very last thirty day period, NCDEX experienced introduced ‘Agridex’ that tracks and replicates the efficiency of the 10 most liquid commodities traded on the NCDEX system.

There has been active trade in Agridex right from the working day just one and more institutional players have shown interest in this products, he included.

Released on


June 07, 2020

A letter from the Editor


Dear Visitors,

The coronavirus disaster has altered the earth wholly in the last couple of months. All of us have been locked into our properties, financial exercise has occur to a near standstill. All people has been impacted.

Which include your favourite business enterprise and money newspaper. Our printing and distribution chains have been severely disrupted across the state, leaving viewers with no access to newspapers. Newspaper supply agents have also been unable to services their consumers for the reason that of many limits.

In these challenging periods, we, at BusinessLine have been operating repeatedly each individual working day so that you are knowledgeable about all the developments – whether on the pandemic, on plan responses, or the affect on the earth of business enterprise and finance. Our team has been operating round the clock to hold monitor of developments so that you – the reader – will get accurate information and facts and actionable insights so that you can guard your careers, enterprises, finances and investments.

We are seeking our most effective to make certain the newspaper reaches your palms each individual working day. We have also ensured that even if your paper is not shipped, you can access BusinessLine in the e-paper structure – just as it seems in print. Our web-site and apps also, are updated each individual minute, so that you can access the information and facts you want wherever, anytime.

But all this arrives at a hefty value. As you are aware, the lockdowns have wiped out practically all our entire income stream. Sustaining our high quality journalism has become very challenging. That we have managed so considerably is thanks to your help. I thank all our subscribers – print and electronic – for your help.

I attractiveness to all or viewers to assistance us navigate these challenging periods and assistance maintain just one of the genuinely impartial and credible voices in the earth of Indian journalism. Executing so is uncomplicated. You can assistance us enormously only by subscribing to our electronic or e-paper editions. We offer quite a few cost-effective subscription programs for our web-site, which consists of Portfolio, our expenditure advisory section that offers abundant expenditure information from our really certified, in-household Investigate Bureau, the only such team in the Indian newspaper business.

A very little assistance from you can make a substantial change to the lead to of high quality journalism!

Support Excellent Journalism