Electronic Spot Trading

MSWC has entered into agreement with NCDEX Spot and Union Bank Of India on 3rd May 2010 and 4th May 2010 respectively. MSWC has identified 40 warehouses for the program. These ware houses will be accredited as delivery centers for the exchange. MSWC will outsource the trading function to existing trading members of the commodity exchange, who will then act as an agent for farmers, PGs, and PAs to enable them to sell their commodities through the exchanges at the designated warehouses of MSWC. The expected benefits are that farmers will have lower marketing costs6, obtain better prices and assured price realization. The farmers will be provided credit against warehouse receipts by the Union Bank Of India. The following figure gives an integrated process map for the warehouse receipt financing and e-trading service that will be provided by the MSWC.

Capacity building on Price Risk Management: Representatives of the Cereals and Pulses PAs, and the representatives of the associated PGs will be trained on price risk management. This training will encompass price analysis; systems and procedures to aggregate produce, access financing, and trade as a group; and, benefits and risks in warehouse receipt financing and e- trading.
 

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MSWC has entered into agreement with NCDEX Spot and Union Bank Of India on 3rd May 2010 and 4th May 2010 respectively. MSWC has identified 40 warehouses for the program. These ware houses will be accredited as delivery centers for the exchange. MSWC will outsource the trading function to existing trading members of the commodity exchange, who will then act as an agent for farmers, PGs, and PAs to enable them to sell their commodities through the exchanges at the designated warehouses of MSWC. The expected benefits are that farmers will have lower marketing costs6, obtain better prices and assured price realization. The farmers will be provided credit against warehouse receipts by the Union Bank Of India. The following figure gives an integrated process map for the warehouse receipt financing and e-trading service that will be provided by the MSWC.

Capacity building on Price Risk Management: Representatives of the Cereals and Pulses PAs, and the representatives of the associated PGs will be trained on price risk management. This training will encompass price analysis; systems and procedures to aggregate produce, access financing, and trade as a group; and, benefits and risks in warehouse receipt financing and e- trading.
 

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