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Source Name: NCDEX

Open Interest on NCDEX Grows 15% yoy

Oct 01, 2014   18:34 IST 
New Delhi, Delhi, India


Open Interest: Rs. 6411.92 crores in September 2014; 15.25% yoy increase.

Total traded value of Rs. 83519.12 crores with average daily traded value of Rs. 3796.32 crores for the month of September 2014

72621 MT quantity delivered through the exchange platform for the month of September 2014.

NCDEX has successfully launched the forward contracts from 25th September, 2014.


The Open Interest on the National Commodity and Derivatives Exchange (NCDEX), the leading commodity exchange for September 2014 stood at Rs. 6411.92 crores, seeing a 15.25% increase over the same period last year. The ADTV for the month stood at Rs. 3796.32 crores. With 72621 MT of commodities delivered through the exchange platform in the month.


For the agri segment, the monthly total volume was Rs. 80440.61 crores. The top three commodities were Castor Seed, Refined Soya Oil and Soyabean. The total traded volume for Refined Soya Oil was Rs. 16114.76 crores, while that for Soyabean was Rs. 9425.06 crores. Castor seed futures clocked volumes of Rs. 19520.15 crores; with over 60.38% yoy growth. 10 MT Guar seed has also seen excellent participation; clocking a volume of Rs. 6635.68 crores, 116.67% yoy growth.


NCDEX Gold Hedge has been growing steadily; Average OI for September 2014 was 1073 lots; showing a 51.13% increase month on month as compared to August 2014. The contract shows 99.20% correlation with International price discovery markets.


The Exchange has successfully launched the forward contracts. The Exchange has clocked Rs. 2.03 Cr. Of volume with traded quantity of 940 MT in 20 trades at the end of 1st week of trade.


Mr. Samir Shah, MD & CEO, NCDEX said “The Forwards segment is a bet on the future of India’s food and agricultural economy. Ncdex’s Agrim Sauda is doing exactly that, what is today’s need of Indian commodity market. The Exchange has started forward contracts with sugar and maize and will introduce more commodities soon. ”

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