India commodity markets have been in existence for decades. However in 1975 the Government banned forward contracts on commodities. Later in 2003 the Government of India again allowed forward contracts in commodities. There have been over 20 exchanges existing for commodities all over the country. However these exchanges are commodity specific and have a strong regional focus. The Government, in order to make the commodities market more transparent and efficient, accorded approval for setting up of national level multi commodity exchanges. Accordingly three exchanges are there which deal in a wide variety of commodities and which allow nation-wide trading. They are:
1. Multi Commodity Exchange (MCX)
2. National Commodities Derivatives Exchange (NCDEX)
3. National Multi Commodity Exchange (NMCE)
:: Following are the commodities traded in MCX.
| Gold, Gold M, Gold HNI, Silver, Silver M, Silver HNI |
| Castor Seeds, Soy Seeds, Castor Oil, Refined Soy Oil, Soymeal, RBD Palmolein, Crude Palm Oil, Groundnut Oil, Mustard Seed, Mustard Seed Oil, Cottonseed Oilcake, Cottonseed |
| Pepper, Red Chilli, Jeera, Turmeric |
| Steel Long, Steel Flat, Copper, Nickel, Tin |
| Kapas, Long Staple Cotton, Medium Staple Cotton |
| Chana, Urad, Yellow Peas, Tur |
| Rice, Basmati Rice, Wheat, Maize, Sarbati Rice |
| Crude Oil |
| Rubber, Guar Seed, Gur, Guargum Bandhani, Guargum, Cashew Kernel, Guarseed Bandhani |
