1. Electronic Price Ticker Boards
Price Dissemination Project An 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
PEPPER
RUBBER
CARDAMOM
WHEAT
CHANA
SOYBEAN
CASTOR SEED
RAPE SEED
GUARSEED
COPRA
COFFEE
JEERA
JUTE
TURMERIC
MENTHOL
SAKING

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
No. 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

9. Network Diagram & Data Flow

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

11. 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.

12. 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

13. 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.

14. 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.

15. 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.

16. THANKS