National Commodity and Derivative Exchange (NCDEX), the leading commodity exchange, has witnessed a sharp increase in delivery volume on its platform. The exchange has facilitated smooth delivery of 52,457 tonnes of goods for the May 2016 expiry contracts while the same was at 29,293 tonnes for the April 2016 expiry contracts.
The average open interest for the month stood at Rs 5,080.86 crore. The agri segment registered monthly total volume of Rs 59,416.28 crore. The top three commodities were Refined Soya Oil, Rapeseed Mustard Seed and Soybean. The total traded volume for Refined Soya Oil was Rs 15,447.45 crore with over 3.37% m-o-m rise, Rapeseed Mustard Seed was Rs 8,436.73 crore with over 29.40% m-o-m fall and for Soybean was Rs 8,190.40 crore with over 12.61% m-o-m fall.
Besides, the exchange has significantly strengthened the risk management and surveillance framework by introducing a concentration margin policy. The exchange is also working towards having more stringent KYC processes for clients and members.