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

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

Agriculture Commodities Traded On National ExchangesPEPPER RUBBER CARDAMOM

WHEAT CHANA SOYBEAN

CASTOR SEED RAPE SEED GUARSEED

COPRA COFFEE JEERA

JUTE TURMERIC MENTHOL

SAKING

Objectives of the Price Dissemination ProjectDissemination 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.

AgenciesForward Market Commission (FMC) Agmarknet (Spot, Modal and MSP Price provider)National Commodity Exchanges

National Multi Commodity ExchangeMulti Commodity Exchange of India National Commodity & Derivative ExchangeIndian Commodity ExchangeACE Commodity Exchange

Vendors to be appointed by the Exchanges for implementation of the project.

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.

Ticker Board SpecificationsNo. of lines 2 Lines

Board overall size 18” (Height ) x 85” (Length) x 3” (Depth)

Display area size as per line

6” (Height ) x 81” (Length)

LED Light Color Red

Minimum No. of Characters per line

a, English

b, Regional

20

16

Viewing Distance 60 meters

Display Language English, Hindi, Gujarati, Tamil, Telugu, Kannad

Network Diagram & Data Flow

Project Implementation - Statewise

MCX NCDEX NMCE ICEX ACE

1 Punjab Rajasthan Gujarat Andhra Pradesh Goa

2 Uttar Pradesh Chhattisgarh Karnataka Bihar Delhi

3 Jharkhand Maharashtra Tamil Nadu Arunachal Pradesh

Uttrakhand

4 Himachal Pradesh Orissa Kerala Nagaland

5 Haryana J &K Sikkim

6 Madhya Pradesh Assam Mizoram

7 Manipur West Bengal

8 Tripura Meghalaya

Following states have been allocated to each Exchange for project Implementation :

Benefits to Stake Holders Benefits to farmers-

Best possible prices for the produce at that timeBetter investment in improving farm productivityImproved production and marketing decisionsImproved bargaining capacity of the farmers

Benefits to traders Futures prices help to take buying and selling decisions in time

Benefits to exportersAvailability of futures prices in advance helps them quote a realistic price and thereby, secure export contracts in a competitive global market.

Exchanges’ ResponsibilitiesReceiving of Real-time Spot & Future data from other

two Exchanges & Spot data from AGMARKNETHardware & 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

APMC’s Responsibilities

Arrangement of infrastructure : Sufficient space for installation of Display

Boardpower supply for display boardPC 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.

Information/Infrastructure Needed from/at APMCs

1. The Commodities which are required to be displayed at above Mandis.

2. Mandi address along with contact details.

3. Proper location at Mandi for installation of ticker board (10 * 3 sq feet space).

4. Provisioning of  Power points at the location where Ticker Board has to be installed along with other administrative  assistance.

5. PC with 256 MB RAM and Windows Operating System - Windows 2000 or above.  UPS power back up is desirable.

6. Internet connection with minimum 64 kbps.

7. Security of the Ticker Board should be taken care by concerned  Mandi.

8. 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.

Information/Infrastructure Needed from/at APMCs