National Commodity and Derivatives Exchange (NCDEX), is increasingly seeing greater interest by participants in its sugar contract recording a substantial increase of Average Daily Turnover Volume (ADTV) over 140% during last fortnight. The total Volume of trade in sugar contracts also witnessed substantial rise during this period.
The leading commodity exchange recorded ADTV of Rs 112.67 crore till March 13, 2014, compared to ADTV of Rs 46.31 crore in February, 2014. In terms of quantity, the exchange recorded 414,850 MT of traded volume till March 13, 2014 compared to 380,230 MT in February, 2014. The Average Daily Sugar Volume of trade increased from 16,532 MT in February-14) to 37,714 MT up to March 13, 2014.
Besides, along with achieving wide participation, liquidity and efficient price discovery in Sugar futures, the Exchange has recorded open interest of more than 100,000 MT.