Monday, 21 November 2011

NCDEX sees 63% rise in second quarter of trading volume.

National Commodity and Derivative Exchange (NCDEX) had recently posted a 63 percent of gradual increase in trading sections of the current financial year in comparison of previous or corresponding years.

Mr R. Ramaseshan, Managing Director and CEO, NCDEX, said that the exchange has fetched Rs. 4.98 crore approx in the second quarter of the current financial as against Rs. 3.06 lakh crore approx. in the corresponding period of the previous financial year.

Mr R. Ramaseshan told reporters that the exchange had registered a 16 to17 percent growth in its daily turnover of value of commodities traded in the current financial year. The daily turnover had even crossed Rs. 10,000 crores on particular time frames in current financial year. NCDEX has recorded more than 80 percent of the trading is from agriculture sector. The exchange is providing information to the farmers so that they should actively participate in trading.

NCDEX manage agri trade with the help of parties who has more than  600 warehouses approx in the country. NCDEX set some norms for these private parties to operate. NCDEX is focusing more on raising the trading volumes of existing commodities rather than introducing the new one.
NCDEX conducts several awareness programs across the country to bring out the market opportunities in the commodity space for farmers and market participants.

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