NCDEX NON AGRI VOLUMES ON THE UPSWING WITH INCREASING TRADE IN STEEL AND CRUDE.

NCDEX is an online national level commodity exchange established on April,23,2003 and commenced operations on December,15,2003. It offers futures trading in 47 commodities in agriculture,energy,metals,plastics and carbon credits.

NCDEX -India's leading agri-commodity exchange having established a reputation in agricultural commodities with over 85% market share has recentlt seen increase in the average daily Trading Volume of non agricultural commodities.NCDEX annual turnover crossed Rs.5,00,000 crore mark recently, a 29% increase over the last year.

Mr.Ramaseshan,MD &CEO said," Commodity future markets has been growing impressively and this is evident from the fact that the total traded value in metals(other than bullion) has grown by 72% while the trade in energy has grown by 25%."

Speaking in the Press meet,Mr.Vijay kumar,CFO NCDEX said," Having made a modest start of 29,500 barrels a day of trading, the contract has in the recent times has seen daily trading volumes in excess of 1.5 million barrels.This is a testament to the relevance of this contract to the indian market,which can be attributed to its alignment with the International market along other factors."