What is NCDEX? | Commodity Tips


What is NCDEX? | Commodity Tips

What Exactly is NCDEX?

The National Commodity & Derivatives Exchange Limited or NCDEX is fully Indian based publicly Corporation. Founded on 23rd Sept. 2003, the NCDEX is an online platform for commodity trading exchange center. It was included under the Companies Act Law, 1956 and is managed by the guiding principle of the SEBI (Securities Exchange Board of India). The SEBI has its own board of the sovereign directors and is the only trading exchange for commodity products in the country that is promoted by the national institutions. It has all offices based in Kolkata, Mumbai, Jaipur, Indore, Ahmadabad, Hyderabad and Delhi.It also opened a forward market in the year of 2014.

The NCDEX boasts higher technology used to perform its all operations, like as the N-Charts, a online free technical analysis instrument anf also provide Free Commodity Tips and Live Charts, News Headlines for its all users and a proprietary storehouse accounting structure called the COMTRACK.

NCDEX is fully different from the MCX (Multi Commodity Exchange) because MCX trades in hard type commodities (core metals), whereas the NCDEX deals in the soft commodities.The mode of the operations also varies in the both the exchanges.

The shareholder mix of the NCDEX has a few very big names in list. Some of the mainly well known ones are:

  • National Stock Exchange of India (NSE)
  • Life Insurance Corporation of India (LIC)
  • National Bank for Agricultural and Rural Development (NABARD)
  • CRISIL Limited
  • Goldman Sachs

What Commodities are Bought & Sold on the NCDEX

The National Commodity & Derivatives Exchange (NCDEX) offers trading in the futures of  many agricultural and non agricultural goods. All types of soft commodities are bought & sold through NCDEX. These typs of Agricultural Products include:

  • Seeds
  • Bajra
  • Barley
  • Chana MT1/MT2
  • Maize Kharif
  • Maize Rabi
  • Wheat
  • Plantation Products
  • Rubber
  • Other Products
  • Potato
  • Fibres
  • Kapas
  • Cotton
  • Guar Complex
  • Guar seeds and gum
  • Oil Seeds
  • Mustard seeds
  • Castor seeds
  • Soyabean
  • Rapseed mustard seed oil cake
  • Cotton seed oil cake
  • Crude palm oil
  • Soymeal
  • Soft products
  • Gur
  • Spices
  • Pepper
  • Turmeric
  • Chilli
  • Jeera
  • Coriander

Other Products Traded on NCDEX

  •     Metals
  •     Steel
  •     Copper
  •     Precious Metals
  •     Gold
  •     Gold (100g)
  •     Gold Hedge
  •     Gold Hedge (100g)
  •     Silver
  •     Silver Hedge
  •     Silver Hedge (5Kgs)

The NCDEX also offers a worth weighted index is called DHYAANA in the group of an information of product. The value weighted index computes and calculates values using the prices of the ten most liquid commodity futures on the NCDEX platform and acts like a free but reliable benchmark to compare the country’s agricultural commodities during trade.

The National Commodity & Derivatives Exchange is a big commodity trading exchange that provide as a platform for the trading soft commodities and some metals such as silver, gold, steel & copper. It has maximum 600 storehouse with a ability to the hold the 1.5 million tonnes of the product at a only time. The average volume of the delivery is 1 Lakh Metric Tonnes at the end of a agreement. The National Commodity & Derivatives Exchange also boasts 49,000/- terminals which it deals through across a thousand of terminals in country. Definitely, it is not as enormous as the MCX, which is the 3rd largest in whole world, but the NCDEX is a extremely crucial commodity trading exchange for the country.

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