Deliveries on NCDEX increased by 134% m-o-m; Castor seed breaks all previous records

Mumbai, February 3, 2015: The deliveries on the National Commodity and Derivatives Exchange (NCDEX), the leading commodity exchange of India has witnessed overwhelming response during January 2015 by increase of 134.22% m-o-m with 252789 MT of commodities delivered through the exchange platform in the month. Castor seed broke all records with deliveries worth Rs. 947.95 Cr. The ADTV of all commodities for the January, 2015 stood at Rs. 3362.32 crores. 

For the agri segment, the monthly total volume was Rs. 68229.65 crores. The top three commodities were Chana, Refined Soya Oil and Castor Seed. The total traded volume for Chana was Rs. 11873.73 crores with over 45% y-o-y rise. 10 MT Guar seed has seen excellent participation; clocking a volume of Rs. 6900.09 crores, 161.44% y-o-y growth. Coriander leads m-o-m delivery segment by 1146.97% rise followed by Cotton seed oil cake (640%),R M Seed (245%), Soyabean(214%) and Jeera (164%). 

The Exchange successfully completed entire delivery process of Castor seed without any delivery default and proved its domain expertise through transparent delivery mechanism. In the month of December the total Open Interest of Castor Seed reached a high of 4,47,988 MT with more than 70% open interest accumulated in January expiry contract. The Exchange proactively ensured adequate availability of space in approved warehouses. The Castor seeds deposits reached to more than 4.25 lakh MT and the total deliveries on the Exchange platform crossed more than 2 lakh MT, highest ever in the history for Castor. This has improved the confidence of the market on the systems put in place by the Exchange to support real price discovery.

The Exchange has successfully launched the forward contracts, 1309 MT got traded on Exchange with traded value of 646.64 lacs during the month of January-2015. The commodity delivered through the exchange platform was 2553 MT during the month of January-2015.  

A total quantity of 6165 MT was traded with traded value of 1464.9 lakhs since launch of forward contracts against which 6003 MT got delivered.