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Major Commodity Trading Exchanges in India

Commodity Trading Exchanges in India

Commodities are basic materials used to make things. You can buy and sell them like stocks,in special markets to make money when commodity prices change. There are many different commodities you can trade. In India, there are special places where people trade these things.  These places are called Commodity Exchanges.

Major Commodity Exchanges in India:

Below are the list of major Commodity Exchange in India-

  • Multi Commodity Exchange of India (MCX), Mumbai

  • National Commodity and  Derivatives Exchange,Mumbai 

  • National Multi Commodity Exchange (NMCE), Ahmedabad

  • Indian Commodity Exchange (ICEX), New Delhi

  • ACE Derivatives & Commodity Exchange Limited, Mumbai

  • Universal Commodity Exchange Limited, Navi Mumbai.

 

Multi Commodity Exchange of India (MCX), Mumbai

Multi Commodity Exchange of India Ltd (MCX) is located  in Mumbai and started in November 2003.

MCX is in charge of 86% of commodity trading in India.  In fact, It's even the biggest place in the world for trading silver and gold.

Some important groups help MCX, Those are National Spot Exchange Limited, India Energy Exchange, Singapore Mercantile Exchange Global Board of Trade, IBS Forex, National Bulk Handling Corporation, and Ticker Plant Limited.

Commodities like metals, gold, energy stuff, spices, plants, pulses, petrochemicals, and cereals are traded by MCX.

 

National Commodity and  Derivatives Exchange,Mumbai

National Commodity and Derivatives Exchange Limited (NCDEX) is a company that started in December 2003, and it's based in Mumbai.

Some big companies and banks helped start NCDEX. These include ICICI Bank, LIC, NABARD, Canara Bank, PNB, CRISIL, IFFCO, Goldman Sachs, Intercontinental Exchange, Renuka Sugar, and J.P. Capital.

Out of these, IFFCO (Indian Farmers Fertilizer Cooperative Limited) plays a key role.

IFFCO strives to offer high-quality, affordable fertilizers to benefit farmers by improving their prices, reducing risks, and ensuring market reliability.

We can trade 57 different things on NCDEX, like cereals, fibers, oils, spices, gold, silver, steel, copper, crude oil, Brent crude oil, and polyvinyl chloride.



National Multi Commodity Exchange (NMCE), Ahmedabad

The National Multi Commodity Exchange (NMCE) started in 2002 and is located in Ahmedabad.

Some important groups helped start NMCE. They are the Central Warehousing Corporation, Gujarat State Agricultural Marketing Board, Gujarat Agricultural Industries Corporation Limited, National Institute of Agricultural Marketing, Neptune Overseas, and Punjab National Bank.

We can trade lots of different things on NMCE, like castor seeds, rapeseed, mustard, soybean, sesame, copra, black pepper, gram, gold, aluminum, copper, lead, nickel, zinc, rubber, jute, coffee, and isabgol.



Indian Commodity Exchange (ICEX), New Delhi

The Indian Commodity Exchange (ICEX) is an online market where we can trade things like gold, silver, copper, and more.

ICEX started in November 2009 and is located in Gurgaon.

Some important companies helped start ICEX, including Reliance Exchange Next Ltd., India Bulls Financial Services Ltd., Indian Potash Ltd., KRIBHCO, and IDFC.

We can trade a variety of commodities on ICEX, such as gold, silver, copper, lead, crude oil, natural gas, mustard, soybean, soybean oil, jute, menthe oil, and iron ore.

 

ACE Derivatives & Commodity Exchange Limited, Mumbai

ACE Derivatives & Commodity Exchange Limited, located in Mumbai, is an online marketplace where we can trade different commodities.

 

Universal Commodity Exchange Limited, Navi Mumbai.

Universal Commodity Exchange is a big online market in India that started in April 2013. Important groups like Commex Technology, IDBI Bank, IFFCO, NABARD, and REC helped create it. We can trade 11 different things on this exchange, like gold, silver, crude oil, chana, rubber, mustard, soybean, refined soya oil, and turmeric.

 

Key Takeaways

A commodity exchange is like a marketplace where people come together to trade things they produce, like crops or metals. It makes trading easy because there's a place to meet, and we don't have to worry about the quality or getting your products.

These exchanges have special storage places, so if we want the actual things, they can deliver them to us. Unlike stock exchanges, where we buy and sell pieces of companies, here, we trade real things like crops and metals.

 

Frequently Asked Questions

What is the commodity market?

The commodity market is where raw materials or primary agricultural products are bought and sold.

Why is commodity trading important?

Commodity trading helps producers manage price risks and allows investors to diversify their portfolios.

What are the top commodity trading exchanges in India?

Major commodity trading exchanges in India include MCX, NCDEX, NMCE, ICEX, ACE, and UCX.

What does MCX specialize in?

MCX, or Multi Commodity Exchange of India, specializes in various commodities, including metals, energy, and agricultural products.

Which commodities are commonly traded on NCDEX?

NCDEX, or National Commodity and Derivatives Exchange of India, primarily deals with agricultural commodities such as grains, pulses, and spices.

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