A Study on Performance of Indian Commodity Futures Market – in the Commodity Exchanges Perspective

Abstract

This article is a new endeavor to find out the performance of the commodity derivative exchanges in India with the help of the total contribution or volume or trade done in each and every major commodity exchanges in India and the data compiled for the year 2012 and 2013 from the period of April 2012 to March 2013 and number of commodities traded in each  and every renowned commodity exchanges in India. In recent years the growth of commodity derivatives market registered a phenomenal growth despite being suspension of some of the agricultural commodities with regard to futures market. During the year 113 commodities were regulated under the auspices of the recognized Exchanges. During the year 2012-13, 19 recognized exchanges were functioning.  Out of the 113 commodities, regulated by the FMC, in terms of value of trade, Gold, Silver, Copper, Nickel, Zinc, Lead, Guarseed, Soy Oil, Chana, Jeera and Guar gum were the prominently traded commodities in Indian commodity exchanges. This study claims that the overall performance of commodity derivative market is moving towards the right direction and embarks remarkable achievement in the years to come.