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India's NCDEX to launch sunoil futures amid volatile prices
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Turmeric prices may average around ₹12,500/quintal next 6 months
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Mumbai to host global turmeric meet on Sept 27 - The Hindu BusinessLine
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NCDEX, Maharashtra to sign MoU to help subsidise turmeric growers to take part in options trade
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India s leading commodity exchange, National Commodity and Derivatives Exchange (NCDEX), and private weather forecasting company Skymet took a significant step towards launching the country s first tradeable weather index on Monday (August 14) by entering into an agreement to deepen their understanding of the impact that weather has on agricultural commodities.
The memorandum of understanding (MoU) between NCDEX and Skymet is a profound step in the direction of linking farmers with the weather in a scientific way, according to an official statement.
Sources indicate that NCDEX and Skymet will conduct workshops and seminars across the country to educate farmers about how they can scientifically use weather forecasts to hedge risks.