How many exchanges are there in the country for commodities future trading?
There are some 21 commodity exchanges in India. However most of them are regional, offline (non screen-based) and commodity specific, hence these are almost inoperative. Significantly the government has recently allowed four national level multi-commodity exchanges to trade in all permitted commodities. • National Multi Commodity Exchange of India Ltd, Ahmedabad (NMCE)- – www.nmce.com. This is presently working on-line and trading in many active commodities like castor seed/oil, rapeseed and mustard seed/oil, aluminum, soybean/oil, pepper, gold, silver etc. • National Board of Trade, Indore (N-BOT)–www.nbotind.org. This is also presently working but not completely on-line, screen-based. In this exchange maximum trades are carried out in soy oil. • National Commodity and Derivative Exchange, Mumbai (NCDEX)– www.ncdex.com. The exchange is being promoted by ICICI Bank, National Stock Exchange (NSE), Life Insurance Corporation and NABARD. It is more or less on the lines of the NSE of the
