In a first, Fin Min Jaitley launches Agri-commodity options contracts in Guar Seed

New Delhi, Jan 15 (KNN) Eyeing at encouraging agri-trade in the country, Union Finance Minister, Arun Jaitley launched the country’s First Agri-commodity Options Contracts in Guar Seed on the occasion of Makar Sankranti.

Speaking on the latest development, Jaitley said that considering the fact that majority of the country’s population still depend on agriculture, it is important to move ahead with equitable growth.

Jaitley further said that the NCDEX Agri-options are an important tool which will contribute to the Prime Minister’s vision of doubling the farmers’ incomes by 2022.

“The Guar seed is a major contributor to revenue generation, hence making it a suitable commodity to start with for Options”, the Minister said.

Terming the step as a significant one in the direction of agricultural trade, Jaitley said that this will ensure that the farmers receive a better price for their commodities.

NCDEX Agri-Options in Guar Seed aim to provide farmers better engagement in the commodity markets.​ ​

Also NCDEX also launched Mandi.com, a mobile app for farmers where they can learn more about Options and the commodity markets. (With PIB Inputs) (KNN/DA)