Trading trends in Indian commodity exchanges with special reference to agricultural commodities
Anand Bansal, Satinder Kaur
Abstract
Anand Bansal, Satinder Kaur
Abstract
Global commodity markets have gone through a long journey. In India, the emergence and augmentation of the organised commodity derivative market is relatively a recent phenomenon. Since its inception in June 2000, derivative exchanges have exhibited exponential growth in terms of volume and value of trade. The setting up of the three exchanges was the turning point in the history of commodity market of India. Hence, the study is undertaken to analyse the trends and progress of the national commodity exchanges of India and comparing the value of the trade of the selected agricultural commodities (soybean, mustard seed, soy oil, guarseed and channa). Data for the commodities under study covers period from the year 2004-2005 till the year 2014-2015. The study is based on the secondary data related to exchanges, i.e., MCX, NCDEX, NMCE, ICEX and ACE.
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Global commodity markets have gone through a long journey. In India, the emergence and augmentation of the organised commodity derivative market is relatively a recent phenomenon. Since its inception in June 2000, derivative exchanges have exhibited exponential growth in terms of volume and value of trade. The setting up of the three exchanges was the turning point in the history of commodity market of India. Hence, the study is undertaken to analyse the trends and progress of the national commodity exchanges of India and comparing the value of the trade of the selected agricultural commodities (soybean, mustard seed, soy oil, guarseed and channa). Data for the commodities under study covers period from the year 2004-2005 till the year 2014-2015. The study is based on the secondary data related to exchanges, i.e., MCX, NCDEX, NMCE, ICEX and ACE.
Key concepts: Commodity, Agriculture, Value (mathematics), Economics, Agricultural economics, Commodity market, Mustard seed, Business