NSPOT and HAFED to establish spot bourse in Haryana

MUMBAI, Nov 20 (Reuters) - NCDEX Spot Exchange (NSPOT) and Haryana State Co-operative Supply and Marketing Federation will establish a spot commodity bourse in Haryana state, a NSPOT release said on Friday.

The bourse will be functional in two years and is likely trade in wheat, rape seed, cotton, barley and guar seed, the release said.

NSPOT is promoted by NCDEX, the leading agricultural commodities exchange with more than 85 percent share in agricultural commodities futures trade.

(Reporting by Sourav Mishra; Editing by Ramya Venugopal)