Commodity Market is a market where raw products are brought for selling or buying. Also, these items are exchanged in this market. There are a large number of commodities for selling and buying in the commodity market. Commodity Market consists of 2 types of exchanges: 1) Multi Commodity Exchange (MCX) and 2) National Commodity and Derivatives Exchange (NCDEX). MCX was established in 2003 and India's no. 1 commodity exchange. NCDEX is a national level exchange which operations are managed by professional management and an independent board of directors.
Commodities Traded in MCX
Metal
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Aluminium, Copper, Lead, Zinc, Steel Long, Steel Flat, Tin, Nickel, Sponge Iron.
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Fiber
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Cotton L Staple, Cotton Yarn, Kapas, Cotton M Staple.
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Bullion
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Gold, Gold HNI, Gold M, i Gold, Silver, Silver HNI, Silver M
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Pulses
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Chana, Yellow Peas, Matur,
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Spices
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Jeera, Pepper, Red Chilli, Cardamom
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Energy
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Crude oil, Furnance Oil, Natural Gas
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Cereals
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Maize
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Apart from this, Plantations, Petrochemicals, Oil and Oil Seeds are also traded in MCX.
NCDEX was established in 2003 and a Public Limited Company. National Commodity and Derivatives Exchange is regulated by FMC for Future Trading in Commodities.
Commodities Traded in NCDEX-
AGRI Based Commodities
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Groundnut, Groundnut Expeller Oil, Gur, Jeera, Mulberry Raw Silk, Mulbery Green Cocoons, Masoor Grain Bold, Chana, Chilli, Cofee, Cotton Seed, Crude Palm Oil, Guar Gum, Guar Seeds, Kidney Beans, Staple cotton, Mentha Oil,
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Bullion
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Gold 1 KG, Gold 100 gm, Silver 30KG, Silver 5 KG
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Ferrous Metals
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Mild Steel Ingot
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Plastics
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Polypropylene, Polyvinyl Chloride, Linear Low Density Polyethene,
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Energy
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Brent Crude Oil, Light Sweet Crude Oil, Furnance Oil.
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Non-Ferrous Metals
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Aluminium Ingot, Nickel Ingot, Zinc Cathode, Copper Cathode
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There are a large number of traders who Trade in Commodity Market, but those you keep themselves updated with these market and Trade for long term only earns in Commodity Market. You can keep yourself updated simply by reading latest commodity news online like agri commodity news today. Commodity Market is for those people who have long term plans. If you want to work online in Commodity, then just Search on Google "Commodity Trading Online" and you will get lots of information, news, and resources. In case you are new in Commodity Trading, then you must choose a good and reliable Advisory Company which will help you to understand the commodity markets and help you to earn good Profit. With a minimum amount of Rs 5,000, you can start your journey into the commodity trading.
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Posted On: 12/30/1899 |
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Author : Suresh Manchanda |
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