NCDEX forwards segment clocks 60% growth in June traded volume

National Commodity and Derivatives Exchange (NCDEX) today said its forwards segment registered traded volume of over 7,200 tonnes in June, a growth of more than 60 per cent over the previous month.
In June alone, over 7,200 tonnes of commodities have been traded on the forwards platform of the exchange, an expansion of over 60 per cent compared with May, the leading commodity exchange said in a release here.
"With exchange-traded forwards, we are attempting to reach untapped segments and extend the considerable expertise it has developed over the years in creating value in agricultural markets. Our mission is to bring national markets to farmers, mandi traders and buyers," NCDEX Managing Director and CEO Samir Shah said.

The forwards segment has registered a volume of 18,064 tonnes and value of Rs 82.47 crore since its launch in September 2014.
Maize, chana, coriander, sugar, castor seed, turmeric and jeera were among the commodities traded on the platform.
Meanwhile, the futures segment of NCDEX also has been witnessing a steady growth. The average daily trade value (ADTV) registered in June stood at Rs 5,230.06 crore, an increase of 18.31 per cent year-on-year.
The agriculture futures segment registered a monthly volume of Rs 1,12,327.94 crore. The top three commodities were chana, refined soya oil and RM seed, with a total traded volume of Rs 25,631.99 crore, Rs 13,195.22 crore and Rs 12,662.98 crore, respectively.