NCDEX – Plans Revival of Agri Indices With Guar & Spice Derivatives

Expert Analysis:

• Agri indices to return: NCDEX is planning to revive its agricultural indices, which have been discontinued since February 2022, with a potential launch over the next two quarters.

• Two new indices planned: The exchange is working on Guardex for guar and Spicedex for spices, with derivatives trading planned around these indices.

• Expanding product portfolio: The move comes as NCDEX prepares to expand into the equity segment, indicating a broader strategy to diversify beyond its traditional commodity derivatives franchise.

• Capital to support expansion: NCDEX had raised ₹770 Cr from brokers and investors, including prominent market investors, to fund expansion into new business segments.