NCDEX maintains its iron grip on agri-derivatives; controls 72% market share

The National Commodity & Derivatives Exchange (NCDEX) has stated that it has maintained its leadership position in January with its 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 crore and ADTV (Average Daily Turnover) of Rs 1,639 crore in agri-commodities futures segment. The average Open Interest stood at Rs 4,203 crore, reflecting 81 per cent of total Open Interest in agri futures market.

Kapil Dev, EVP Business, NCDEX said in a note, “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.”

Soyaoil emerged as the top traded commodity in the futures contract on the exchange with 127.20 per cent year-on-year growth with total traded value of Rs 11,048 crore. The exchange had facilitated delivery of 42,453 tonnes commodities in January 2020. The total traded volume in options segment stood at Rs 0.14 crore with notional turnover of Rs 28.40 crore.

“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 into 33,899 tonnes of commodities being traded by 98 FPOs, in 17 agri-commodities, on NCDEX platform till January 2020”, NCDEX stated.

Shekhar Ghosh is consulting editor, He has edited and written for publications like Business India, Business Standard, Business Today, Outlook and many other international publications. He can be reached at

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