The Forwards segment on National Commodity and Derivatives Exchange (NCDEX), the leading commodity Exchange in India has seen robust and consistent growth in July-2015 with 1044 tonnes of agricultural commodities traded. Additionally, 12 kg of gold was traded in the recently launched Gold Now forwards segment of the exchange.
The forwards segment which was launched in September last year, has seen an encouraging response and has registered volume of 19,102 tonnes of agricultural commodities, valued at Rs 8,739.22 lakh, with 18,872 tonnes of goods delivered. The Gold Now forwards platform has seen 15 kg of Gold traded and delivered since its launch.
The Futures segment of NCDEX also has been witnessing steady growth. The average daily trade value (ADTV) registered for the month of July 2015 was Rs 4,080 crore. The Open interest stood at Rs 7,729.17 crore. The Agri futures segment registered monthly total volume of Rs 91,245.03 crore. The top three commodities were Chana, Guar Seed and Refined Soya Oil with total traded volume of Rs 20,510.94 crore, Rs 12,853.52 crore and Rs 10,865.6 crore respectively.
Besides, the total traded volume for Guar seed was Rs 12,853.52 crore with 11.32% rise month on month. The Exchange has facilitated smooth delivery of 1,49,574 tonnes goods and 12 kg of Gold for the July expiry contracts.