Commodities Market

India Pepper and Spice Trade Association's building in Kochi

India has 25 commodities exchanges with a futures trading volume of Rs 5.71 trillion in 2004-05. As many as 94 commodities (as of Dec 06) are traded. These include agricultural staples such as rice, wheat, cotton, pulses and edible oils, spices, metals, crude oil, natural gas and polymer. NCDEX (55 % share), MCX (25 % share), NBOT and NMCE are the largest commodity exchanges.

Commodities Exchanges

National Spot Exchange for Agricultural Produce
National Commodities and Derivatives Exchange Ltd. (NCDEX)
NCDEX recorded trading volumes of ₹ 5.31 trillion and an average daily traded value (ADTV) was ₹ 21.4 billion in 2018-19. Deliveries of over 696 000 tons of 23 different commodities incl. guar seed (clusterbean), sugar, urad (black matpe), tur (pidgeon pea), castor seed, chana, guar gum and pepper were made in 2018/19. Selected metal and energy commodities are also traded.
National Commodity Clearing Ltd. (NCCL)
Multi Commodity Exchange of India (MCX)
MCX is the second largest commodity exchange with trading volumes of Rs 6.85 trillion in 2005.
Indian Commodity Exchange Ltd.
ICEX is a commodity derivative exchange and was merged with NMCE (National Multi Commodity Exchange of India Ltd) in 2017. ICEX is headqurtered in Mumbai.
NBOT - National Board of Trade, Indore
The Bombay Commodity Association Ltd.
IPSTA - India Pepper and Spice Trade Association
The East India Jute & Hessian Exchange Ltd.
Surendranagar Cotton and Oilseeds Association
Chamber of Commerce - Hapur
The Rajkot Seed Oil and Bullion Merchants Association
The Central India Commercial Exchange Ltd. - Gwalior
Bikaner Commodity Exchange
Haryana Commodities Ltd. - Hissar
Esugarindia Limited.
First Commodity Exchange of India Ltd. - Kochi
The East India Cotton Association - Mumbai
Rajdhani Oils and Oilseeds Exchange Ltd. - Delhi
Vijay Beopar Chamber Ltd. - Muzaffarnagar
The Meerut Agro Commodities Exchange Co. Ltd. - Meerut
The Kanpur Commodity Exchange Ltd.
Bhatinda Om & Oil Exchange Ltd.