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Stock Market Tips- Jaitley launches options trading in guarseed on NCDEX

Finance Minister Arun Jaitley today launched options trading in guar seed on the commodity bourse NCDEX and asserted that the new initiative will benefit farmers and ensure better prices in the coming days. Higher production has led to falling in prices of some agri-commodities in some places, he said, adding that options trading is one of the major steps towards taking farmers out of this situation.

“We see in some places the problem of falling prices because of higher production. Farmers are not getting the price for their produce. Many steps have been taken in the last few years to take farmers out of this situation. There has been some impact,” he said, adding that options trading is a step in that direction. In the beginning, options trading may look like a small step but when its awareness increases in the coming days, it is will benefit farmers, he added.