Which are the Commodity Trading exchanges in India?
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Commodity trading happens in dedicated exchanges created for this purpose. Some of the prominent ones in India include:
The National Commodity & Derivatives Exchange Limited (NCDEX) – for agricultural pulses, products such as grains (flour, barley, maize, paddy), seeds, soybean, oil, cotton, spices (sugar, black and white pepper, cumin, turmeric, coriander, anise, cardamom, cinnamon) etc.
The Multi Commodity Exchange of India Limited (MCX) – for billions of precious metals like gold or silver coins, guineas, bars, base metals such as aluminium, lead, zinc, nickel, energy sources like crude oil, natural gas, agricultural items such as rubber, palm oil, cotton, exotic spices, etc.
The Indian Commodity Exchange Limited (ICEX) – for most of the agricultural products as listed above, fiber and jute, and diamonds and steel as well.