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NCDEX e-Market posts 100% growth in trade

The online trading platform reported 7.4 million tonnes of agri commodities' trade worth Rs 20500 crore

BS Reporter Mumbai

NCDEX e-Market Ltd (formerly NSPOT) posted 100% growth in volume of agri commodity trade in the financial year 2014-15 due to widespread use of online trading platform by private and government agencies.

The online trading platform reported 7.4 million tonnes of agri commodities' trade worth Rs 20500 crore for the financial year 2014-15 as against 3.4 million tonnes worth Rs 10422 crore traded in the previous year.

Sugar, pulses, salt, rice and edible oil were major commodities traded to in Gujarat, Karnataka, Maharashtra and Chhattisgarh to serve various government sponsored schemes like food security programme, mid-day meal etc.

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First Published: May 19 2015 | 7:38 PM IST

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