A Study On Development And Performance Of Agricultural Commodity Futures Market In Multi Commodity Exchange In India

Research Article
Prabhakar Rajkumar K and Thilaga M
DOI: 
http://dx.doi.org/10.24327/ijrsr.2017.0808.0708
Subject: 
science
KeyWords: 
Futures contracts, Agricultural Commodities, Multi Commodity Exchange, Trading years &Months.
Abstract: 

The main purpose of this paper focuses on the growth and performance of Agricultural commodity market in Multi Commodity Exchange in India for the period of 2012 to 2016. This study has been carried out using the secondary data. Commodity markets have a crucial role in developing agriculture dominated economies. India is one of the top producers of commodities. Indian agriculture has registered impressive growth over last few decades. The Multi Commodity Exchange of India Limited (MCX) is located in Mumbai. It is the financial capital of India. Earlier MCX was regulated by the Forward Markets Commission (FMC), which got merged with the SEBI on September 28, 2015. MCX COMDEX is India's first and only composite commodity futures price index. MCXAgri, MCXEnergy and MCXMetal commodity indices also developed in India. MCX is India’s leading commodity derivatives exchange with a market share of 84.3% in terms of the value of commodity futures contracts traded in 2016, and the total value of trade was 13622238.64 lakhs as at the end of the year 2016. The present study is to consider the following agricultural commodities trade volumes and trade values like Cardamom, Cotton, Crude Palm Oil, Kapas, Guar, almond, Chana, Flakemonth in Multi Commodity Exchange from 2012-2016.