August 04, 2012 12:07 am | Updated 12:07 am IST - NEW DELHI:
To check price rise, commodity bourses MCX and NCDEX have decided to hike the initial deposit money (margin) to 10 per cent for sugar and wheat traders starting next week.
Initial margin is a minimum percentage of the money that traders are required to deposit with the exchange to trade in the commodity futures.
At present, NCDEX is charging an initial margin of 4.78 per cent on wheat and 4.41 per cent on sugar. At MCX, the initial margin is 8.9 per cent on wheat and 5 per cent on sugar.
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