NCDEX plans spot trading in all commodities

Online commodity exchange NCDEX has drawn up plans to start spot trading in all commodities.

Stating that there were plans to develop a unified spot market in the country, Managing director and CEO of NCDEX R Ramaseshan told reporters today, "Eventually, all commodities traded on the exchange will be brought under spot trading."

At present, NCDEX was spot trading in mustard and chana. Ramaseshan said that spot trading in maize would be started in this season.  

He said that the spot market in the country has the potential to become vibrant for which a transparent platform was required. According to him, the spot market was an inherent part of the agricultural marketing scenario.  

 

Currently, the exchange facilitates futures trading in 59 commodities, out of which 39 were agricultural, six precious metals, three polymers, four energy produces, six metals and carbon trading.