NCDEX GUAREX launched: Track price movement in Guar Seed, Guar Gum Refined Splits futures contracts

NCDEX GUAREX is a price-based index that will track the price movement in the futures contracts of its underlying like Guar Seed and Guar Gum Refined Splits on a real-time basis.

Mumbai: The National Commodity and Derivatives Exchange (NCDEX) on Monday launched futures contract on NCDEX GUAREX. NCDEX GUAREX is a price-based index that will track the price movement in the futures contracts of its underlying like Guar Seed and Guar Gum Refined Splits on a real-time basis. "I take pride in announcing the launch of NCDEX GUAREX futures ? India's first sectoral agri-index futures contract. I am sure the contract will garner interest from all sets of participants, including the physical market participants," NCDEX Managing Director and Chief Executive Officer Arun Raste said.