NCDEX forward futures volumes show increase in June

KOCHI: The forwards segment on National Commodity and Derivatives Exchange ( NCDEX), the leadin is witnessing increased participation. In June alone, over 7200 tonnes of commodities have been traded on the forwards platform of the exchange, a growth of over 60% over previous month.

The forwards segment has registered volume of 18064 tonnes with traded valued of Rs. 82.47 crore and 17368 tonnes of goods being delivered in the settlement through the Exchange platform since its launch in September 2014. Maize, chana, coriander, sugar, castor seed, turmeric and jeera were among the commodities that were traded on the platform, a statement of the exchange said.

Samir Shah, MD & CEO, NCDEX said “With exchange-traded forwards, NCDEX is attempting to reach untapped segments and extend the considerable expertise it has developed over the years in creating value in the agricultural markets. Our mission is to bring national markets to farmers, mandi traders and buyers. This initiative is a path breaking approach to bring real inclusiveness in the real economy in commodities”.

The futures segment of NCDEX also has been witnessing steady growth, according to the statement. The average daily trade value ( ADTV) registered for the month of June 2015 was Rs. 5230.06 crore, an increase of 18.31% year-on-year. The agri futures segment registered monthly total volume of Rs. 112327.94 crore. The top three commodities were Chana, Refined Soya Oil and RM Seed.