Commodity & Derivatives Market

Topic: Commodity Exchanges

Professor in charge: Mezbin Maam
Presenters: Anuj Killa (530) & Harshil Samani (553)

Commodity Exchanges in China

Dalian Commodity Exchange (DCE): Future contracts are Soybean,

meal and beer barley.

Zhengzhou Commodity Exchange (ZCE): Future contracts are Wheat,

Green Bean, Red Bean and Peanut Kernel.

Shanghai Future Exchange (SHFE): It currently trades three contractsAluminium, Copper and Natural rubber

Commodity Exchange in India

National Commodities and Derivatives Exchange (NCDEX) Mumbai,

Multi Commodity Exchange (MCX) Mumbai, National Multi-Commodity
Exchange (NMCEI) Ahmedabad are some of the commodity exchanges in
India

They follow best international practices in trading, clearing and

settlement

Forward Market Commission is the regulatory body for commodity

exchanges in India.

Regional Commodity Specific Exchanges

Bikaner Commodity Exchange Ltd, Rajasthan

It is recognised for trading in 3 commodities viz. Guar seed, Gram and
Mustard Complex.

Chamber of Commerce, Hapur UP

Main Commodities traded are Mustard Seeds/Rapeseeds and Jaggary

(Gur)

India Pepper & Spice Trade Association, Kochi Kerala

Prohibited from declaring any dividends and is registered as charitable

organisation.

National Board of Trade, Indore MP

Earlier incorporated as a Not for Profit company and then later it has
been converted into a For Profit company.

Vijay Beopar Chamber Ltd, Muzaffarnagar UP

Limitations of Regional Commodity Specific

Exchanges

No Independence of Ownership and Management

Existence of unofficial markets (havala)

Non availability of prices and non-standardization of contracts

Fragmented nature of markets