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Commodities + Exports


NCDEX average daily turnover value up by a whopping 264% to INR 2139 Cr in May 2021

NCDEX average daily turnover value up by a whopping 264% to INR 2139 Cr in May 2021

National Commodity and Derivatives Exchange Ltd (NCDEX) has posted over three-fold jump in its Average Daily Turnover Value (ADTV) to INR 2139 Crore in May 2021 demonstrating yet another operational excellence despite heavy disruptions in spot market amid lock-downs across the country during the month.

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May delivery jumps 119 percent at 46,411 tonnes

MUMBAI, 7 June 2021: National Commodity and Derivatives Exchange Ltd (NCDEX) has posted over three-fold jump in its Average Daily Turnover Value (ADTV) to INR 2139 Crore in May 2021 demonstrating yet another operational excellence despite heavy disruptions in spot market amid lock-downs across the country during the month.

The Exchange retained its number one position in agri-derivatives space with a market share of 79 percent.

In May 2020, NCDEX had posted an ADTV of INR 588 Crore after a complete pan-India lockdown during the first wave of Covid-19 outbreak had caused supply chain disruptions.

The physical agricultural markets have acclimatized themselves to the restrictions due to COVID and have rather used the NCDEX Platform  to manage price risk thereby we observe a significantly higher ADTV in May 2021 despite identical situation of the pandemic witnessed a year ago.

Among key highlights for the month, the ADTV in Mustard futures contract rose 554 percent year-on-year while the same in chana, refined soy oil and soybean posted a rise of 398 percent, 362 percent and 202 percent, respectively, from a year ago period. Open interest in chana futures contract was at 22-month high of 184,700 tonnes on 11 May 2021.

At an ADTV of INR 602 Crore, refined soy oil retained its status as India’s top traded agri-derivative contract for the ninth month in row.

“Higher trading volume during the Lock-down is a reflection of faith of agri-value chain participants on the exchange as a platform to mitigate their price risks in a challenging trade environment and enhanced volatility. As we enter the kharif plantation season backed by normal monsoon forecast we expect the momentum to accelerate further with more participation from farmers and Farmer Producer Companies,” Kapil Dev, Chief - Business & Products said.

The Exchange has delivered over 46,400 tonnes of commodities in May 2021, a rise of 119 percent year-on-year, despite logistical hurdles emanating from full or partial lockdowns across the country during the month under review.


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