InvestorQ : What are the highlights of the AGRIDEX index that is being launched by the NCDEX on Tuesday 26 May?
manisha Kolvenkar made post

What are the highlights of the AGRIDEX index that is being launched by the NCDEX on Tuesday 26 May?

Answer
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Mahima Roy answered.
4 months ago


India’s leading commodity exchange dealing in agri futures, NCDEX, will officially launch the agricultural index, AGRIDEX, on Tuesday 26 May. The AGRIDEX represents the index of agri products grown within India. Hence, it is not representative of any external global benchmark. The AGRIDEX will have a base value of 1000 and will comprises of 10 commodities including soybean, chana, coriander, cottonseed oil cake, guar gum, guar seed, mustard seed, refined soy oil, castor seed and jeera. This will cover key crops across Rabi and Kharif seasons and will be a safer asset class to deal in for retail investors. The importance of an index for retail investors highlighted in commodity markets after the oil price fiasco in Apr-20.