STAFF REPORT ISB: Countrys second biggest commodity bourse, NCDEX, has announced the launch of cotton seed future contract which is now available for trading. “This contract is ideal for price risk management needs of the ginners, oil millers and stockists. We expect NCDEX cotton seed futures contract to add tremendous value to the existing cotton business stakeholders,” said the exchanges Managing Director and CEO Samir Shah.


India produces about 10.6 million tons of cotton seed.


Besides India, China, the USA, Pakistan and Brazil are also major cotton seed producing countries in the world. The global cotton seed production is estimated at about 44.49 million tons this year, the exchange added.

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