The National Commodity & Derivatives Exchange Limited (NCDEX), maintained its leadership position in the month of January with its significant performance in the agri-commodities segment. The Exchange led the agri-derivatives market in India across a number of Contracts, Open Interest in Value and traded value
NEW DELHI/MUMBAI, 10 February 2020: The National Commodity & Derivatives Exchange Limited (NCDEX), maintained its leadership position in the month of January with its significant performance in the agri-commodities segment. The Exchange led the agri-derivatives market in India across a number of Contracts, Open Interest in Value and traded value. Reflecting 72% of total market share, the Exchange registered monthly total value of INR 37,699 crores and ADTV of INR 1,639 crores in agri-commodities futures segment. The average Open Interest stood at INR 4,203 crores, reflecting 81% of total Open Interest in Agri Futures market.
Despite stiff competition arising due to new entrants, NCDEX has remained undeterred, holding its pole position in the agri-commodity futures market in India.
Mr. Kapil Dev, EVP Business, NCDEX said, “Due to dynamic demand-supply scenario, crop failures and global market dimensions, agri commodities are volatile in nature and hence create price risk for value chain participants. We are happy that we are able to offer the best products on our trading platform to all our market participants. Our endeavor is to keep adding innovative instruments and products that make the Exchange an inclusive platform, helping value chain participants to grow in the agri-ecosystem.”
Soy oil emerged as the top traded commodity in the Futures Contract on the Exchange with 127.20% y-o-y growth with total traded value of INR 11,048 crores. The Exchange had successfully facilitated the delivery of 42,453 MT commodities in January 2020. The total traded volume in Options segment stood at INR 0.14 crores with a notional turnover of INR 28.40 crores.
“With the increased participation of farmers over the years, we have been able to onboard 258 FPOs which has extended our reach to 5,23,901 farmer base across the country. This has resulted in 33,899 MT of commodities being traded by 98 FPOs, in 17 agri-commodities, on NCDEX platform till January 2020”, Kapil added.
As India’s leading online Exchange, NCDEX offers a wide range of benchmark products across agriculture commodities. NCDEX brings buyers and sellers together through its electronic trading platform. With a widely held shareholding, it enjoys the distinction of being the only Exchange in the country promoted by national-level institutions. The institutional promoters and shareholders of NCDEX are prominent players in their respective fields and bring with them institutional building experience, trust, nation-wide reach, technology and risk management skills.
The subsidiaries of NCDEX comprise of NCDEX e Markets Limited (NeML) – the online spot markets and services company, NCDEX Institute of Commodity Markets & Research (NICR) – the education and outreach arm, National Commodity Clearing Limited (NCCL) – offering clearing and settlement services and National E-Repository Limited (NERL) – the online warehousing repository regulated by WDRA.