NCDEX's average daily turnover value posts 174% increase in July 2021

ADTV up 174 percent YoY to INR 2,151 Crore in July 2021

MUMBAI, 12 August 2021: National Commodity and Derivatives Exchange Limited has posted an increase in average daily turnover value (ADTV) rising 174 percent year-on-year at INR 2,151 crore in July 2021. 

NCDEX encouraging performance in July 2021 also witnessed a sharp increase in the agri-derivatives market share to 79 percent from 70 percent in the same month a year ago.

Refined SoyOil maintained its numero uno position in India’s agri-derivatives segment recording an ADTV of INR 560 crore, up 218 percent from INR 176 crore in July 2020. 

“Our performance in July is an outcome of our consistent efforts of providing the necessary risk management products across the agri value chain that help physical market   participants to mitigate their price risks in an extremely volatile market environment,” NCDEX managing director & CEO Arun Raste said.  

The ADTV in Mustard contract has increased 232 percent  year-on-year to INR 382 crore in July, while the same in Soybean was up 435 percent  at INR 337 crore.

Chana derivatives posted a 221 percent increase in ADTV to INR 308 crore while the same in Cottonseed Oilcake increased 62 percent to INR 157 crore in the month under review.

 “The Exchange remains committed to offer user-friendly products that have been engineered to serve across segments. In this direction we will soon introduce sectoral indices to complement our composite index AGRIDEX, already being looked upon as the most convenient tool to participate in the agri derivatives segment,” Raste said.

The company's chief of business & products Kapil Dev said, “The year-on-year growth in our trading volume in July emphasizes the importance of a robust risk management and trading platform like NCDEX that has been enabling farmers and other value chain participants to hedge their price risks. We will continue to focus on agri as well as non-agri derivative products contributing towards the overall growth and development of the Indian economy in the wake of a dynamic global commodities market.”

NCDEX delivered 63,296 tonnes of commodities in July 2021 as against 37,642 tonnes in the corresponding month a year ago, while warehouse stocks as on July end were at 250,833 tonnes, up 72 percent from the last year.