16 October 2024
As the prices of kapas fell by more than 7% within a fortnight, the National Commodities and Derivatives Exchange (NCDEX) has imposed a special margin of 5% on the short side of all running Kapas contracts starting from Tuesday (March 22).
Analysts suggest that the exchange has implemented this measure to prevent further decline in kapas prices. "After reaching a high of Rs 803.5/20 kg on March 7, kapas prices dropped to a low of Rs 741.5/20 kg on March 21. The special margin will help to limit the decline in prices," stated Pallavi Munnankar, a research analyst at Geofin Comtrade.
As the prices of kapas fell by more than 7% within a fortnight, the National Commodities and Derivatives Exchange (NCDEX) has imposed a special margin of 5% on the short side of all running Kapas contracts starting from Tuesday (March 22). Analysts suggest that the exchange has implemented this measure to prevent further decline in kapas prices. "After reaching a high of Rs 803.5/20 kg on March 7, kapas prices dropped to a low of Rs 741.5/20 kg on March 21. The special margin will help to limit the decline in prices," stated Pallavi Munnankar, a research analyst at Geofin Comtrade.
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