NCML’s India Commodity Connect programme was hosted at Etah on October 5, 2017. Upendra Sharma, Area Executive, West UP & UK opened up with a welcome address, followed by lighting of lamps and felicitation of guests.
Vardan Dixit, Regional Manager, UP & UK presented on ‘NCML as a warehouse company and its service offerings in the regions of UP & UK’. Praveen Gupta, Head, Supply Chain Management and Prakash Shukla, Head, WRF initiated a panel discussion on Kharif crop commodities (Paddy, Bajra & Maize) with local processors/ traders, with the following outcome –
1. Paddy to be trading at Rs. 3500 per quintal till mid-November, stocking will take place after mid-Nov once the rates are reduced.
2. Bajra is expected to trade at Rs. 960 to Rs. 1000 per qtls. and will create good arbitrage opportunity in future.
3. Maize trading prices are still unpredictable due to carry forward stock of Bihar & upcoming crop of South.
Ravi Shankar, Zonal Head, CM presented another panel discussion with local traders/ bankers on structure and scope of WHR finance. Kalyan Chakravarthy Gudlavalleti, Head, Sales, Mktyard presented on NCML’s online agriculture market, Mktyard.com and its product offerings which caught major attention from the clients.
Prakash Shukla presented on NCML Finance (Nfin), for depositors to benefit from easy funding options unlike regular banks. The RCP enrollment letters was also distributed to the attendees. Lastly, Suresh Keshari, Zonal Head, S&P concluded the programme with a Vote of Thanks note.
The event was well attended by over 150 members including Traders, Processors and Brokers from Etah, Mainpuri, Kasganj, Aligarh & Mathura. The vernaculars Amar Ujala and Hindustan covered the event news.