NCDEX maintains leadership in agri derivatives in January

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 number of contracts, open interest in value and traded value. Reflecting 72 per cent of total market share, the exchange registered monthly total value of Rs. 37,699 crores and average daily total turnover (ADTV) of Rs 1,639 crores in agri-commodities futures segment. The average Open Interest stood at Rs. 4,203 crores, reflecting 81 per cent of total Open Interest in Agri Futures market.

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 endeavour 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 per cent y-o-y growth with total traded value of Rs 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 Rs.0.14 crores with notional turnover of Rs.28.40 crores.


“With 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.