NCDEX to Help Castor Seed Traders Sell on its E-spot Exchange

National Commodity and derivatives Exchange has planned to assist castor seed traders in liquidating their stock through its e- spot market arm, NCDEX eMarkets Ltd. Castor-Oil-Seeds2(NeML).

Through NeML castor seed traders can liquidate their entire holding in a phased manner instead of carrying the entire quantity and go the physical market for selling. Selling through a spot exchange might yield better realization than transporting entire quantity to physical markets on one occasion.

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