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Electronic Price Ticker Boards

Price Dissemination Project An Initiative of Government of India I mplemented by Forward Markets Commission and Five National Commodity Exchanges (NMCE, NCDEX, MCX, ICEX, ACE). Electronic Price Ticker Boards. Introduction.

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Electronic Price Ticker Boards

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  1. Price Dissemination ProjectAn Initiative of Government of India Implemented by Forward Markets Commission and Five National Commodity Exchanges (NMCE, NCDEX, MCX, ICEX, ACE) Electronic Price Ticker Boards

  2. Introduction • Forward Market Commission (FMC) : is a regulatory authority which is overseen by the Ministry of Consumer Affairs and Public Distribution, Govt. of India. • Introduces several regulatory measures to instill discipline in the market. • Exchanges : NMCE, NCDEX, MCX, ICEX & ACE are the recognized National Commodity Exchanges in India. • Trading platform - around 100 different Agri & Non-Agri commodities. • System & trading practices are comparable to the best in the world. • The futures prices discovered on these Exchanges have increasingly become a referral price in the market. • AGMARKNET : Ministry of Agriculture has launched central sector scheme of Agricultural Marketing Information Network (AGMARKNET) to link important Agri markets of India & State Agri Marketing Board. • More than 2000 mandis are regularly reporting price related data

  3. Agriculture Commodities Traded On National Exchanges

  4. Objectives of the Price Dissemination Project • Dissemination of price information (both spot and futures) for agricultural commodities through price display board in identified Mandis. • Provide information in Regional Language for easy understanding to common man. • Display the price information of Agri. commodities relevant to state.

  5. Agencies • Forward Market Commission (FMC) • Agmarknet (Spot, Modal and MSP Price provider) • National Commodity Exchanges • National Multi Commodity Exchange • Multi Commodity Exchange of India • National Commodity & Derivative Exchange • Indian Commodity Exchange • ACE Commodity Exchange • Vendors to be appointed by the Exchanges for implementation of the project.

  6. PRICE DISSEMINATION PROJECT • It is proposed to install 1000 Ticker Boards in various APMCs across the country before 31st March 2011. • The Ticker Boards would be 2 line ticker Board, so that the Spot Price Information of APMCs can also be displayed along with the Futures Price of National Exchanges. • The Project is funded by National Commodity Exchanges and the Govt. of India. • The total cost of each Ticker Boards is approx. Rs. 1 Lac.

  7. Ticker Board Specifications

  8. Network Diagram & Data Flow

  9. Project Implementation - Statewise Following states have been allocated to each Exchange for project Implementation :

  10. Benefits to Stake Holders • Benefits to farmers- • Best possible prices for the produce at that time • Better investment in improving farm productivity • Improved production and marketing decisions • Improved bargaining capacity of the farmers • Benefits to traders • Futures prices help to take buying and selling decisions in time • Benefits to exporters • Availability of futures prices in advance helps them quote a realistic price and thereby, secure export contracts in a competitive global market.

  11. Exchanges’ Responsibilities • Receiving of Real-time Spot & Future data from other two Exchanges & Spot data from AGMARKNET • Hardware & Network arrangement for data storing, compiling, processing & disseminating. • Development of remote & central site software as per project requirement. • Identification & appointment of vendor for project implementation. • Conducting awareness programmes

  12. APMC’s Responsibilities • Arrangement of infrastructure : • Sufficient space for installation of Display Board • power supply for display board • PC with Internet connectivity for sourcing & displaying of price information • Security and safeguarding. • Appoint single point of contact for the project. • Issue of No Objection Letter for entry purpose. • Monitoring and Reporting.

  13. Information/Infrastructure Needed from/at APMCs • The Commodities which are required to be displayed at above Mandis. • Mandi address along with contact details. • Proper location at Mandi for installation of ticker board (10 * 3 sq feet space). • Provisioning of  Power points at the location where Ticker Board has to be installed along with other administrative  assistance.

  14. Information/Infrastructure Needed from/at APMCs • PC with 256 MB RAM and Windows Operating System - Windows 2000 or above.  UPS power back up is desirable. • Internet connection with minimum 64 kbps. • Security of the Ticker Board should be taken care by concerned  Mandi. • A person may be identified at Mandi for regular reporting about the working of Ticker Board, and for the various operations like Switching the Board ON & OFF.

  15. THANKS

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