Abstract :
In India commodity futures trading has a old and long history. The Bombay cotton trade association was established the first commodity exchange in 1875. Presently in India there are six big national level commodity exchanges namelyMulti Commodity exchange{MCX) Mumbai, National Multi Commodity Exchange (NMCE) Ahemadabad, National Commodity and Derivative Exchange(NCDEX)Mumbai, Indian Commodity Exchange (ICEX) Mumbai, ACE Derivative and Commodity Exchange(ACE) Ahemadabad and Universal Commodity Exchange (UCX) Mumbai. With this 16 recognized and seven non-recognized commodity exchanges operates in India. This study examines the Functions and Structure of Indian Commodity Market and trade developments in different years. The result revealed that, the overall commodity exchanges trade value in the economic year of 2012-13 was 87.63lakh crores.MCX is the world’s largest future’s commodity exchange in Silver, Gold, and Crude Oil. In addition, this study revealed that the turnover of MCX trading value of Rs 56.3 lakh crore in 2015-16 as against Rs 51.8 lakh crore in 2014-15. Hence it shows positive sign for the growth of Indian Commodity market.
Author Name : Dr.K.Prabhakar Rajkumar & M.Thilaga
Keywords: Commodity Market, Commodity exchanges, Structure and functions.
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