MCX and NCDEX launched Castor Seed Futures Contracts

MCX Circular Stated that “New commodity, Castor Seed Feb, Mar, Apr & May 2017 contracts will be available for futures trading w.e.f. Jan 5, 2017 – MCX Circular.”. To attract more investors, MCX fixed lower transaction feeds. MCX’s transaction charge will be 50p per Rs 1 lakh of trade value. NCDEX charges Rs2 per lakh of traded value.

Castor seed is back after a year of suspension by both the exchanges MCX and NCDEX. When NCDEX suspended the trade, it said this was to protect the integrity of the market. It suspended castor seed contracts expiring in February 2016 and beyond, suspecting manipulation and concentration of trades

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