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 is India's largest commodity exchange with trading volumes of Rs 8.71 trillion in 2005 and is now ranked as the third largest agricultural commodity derivatives exchange in the world. Deliveries of over 110 000 tons of 18 different commodities incl. sugar, urad (black matpe), tur (pidgeon pea), guarseed (clusterbean), gum and pepper were made in Q1/05-06. NCDEX is rated as the third largest agricultural exchange having handled over 43 m traded contracts in 2005. Selected metal and energy commodities are also traded.
Multi Commodity Exchange of India (MCX)
MCX is the second largest commodity exchange with trading volumes of Rs 6.85 trillion in 2005.
NBOT - National Board of Trade, Indore
NMCEIL - National Multi-Commodity Exchange of India Ltd.
The Bombay Commodity Exchange Ltd.
IPSTA - India Pepper and Spice Trade Association
The East India Jute & Hessian Exchange Ltd.
Surendranagar Cotton and Oilseeds Association
Ahmedabad Commodity Exchange Ltd.
Chamber of Commerce - Hapur
The Rajkot Seed Oil and Bullion Merchants Association
The Central India Commercial Exchange Ltd. - Gwalior
Bikaner Commodity Exchange
e-Commodities Ltd.
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.