• Multi Commodity Exchange of India (MCX):

  • India's largest commodity exchange

  • Located in Mumbai

  • Specializes in:

    • Metals (gold, silver, copper, zinc, aluminum)

    • Energy (crude oil, natural gas)

    • Agricultural products (soybean, cotton, chana, castor seed)

  • Offers futures trading in bullion, metals, and energy products

  • Promoted by Financial Technologies, Kotak Mahindra Bank, IDFC Premier Equity Fund, and Blackstone GPV Capital Partners Mauritius

• National Commodity and Derivatives Exchange (NCDEX):

  • Leading agricultural commodity exchange in India

  • Located in Mumbai

  • Specializes in:

    • Agricultural commodities (wheat, rice, chana, soybean, cotton, spices)

    • Pulses (chana, tur, urad, moong)

  • Offers futures trading in 31 commodities

  • Promoted by the National Stock Exchange (NSE), ICICI Bank, National Bank for Agriculture and Rural Development (NABARD), and Life Insurance Corporation of India (LIC)

• National Multi Commodity Exchange (NMCE):

  • Located in Ahmedabad

  • Offers trading in 44 different commodities, including:

    • Spices (pepper, jeera, turmeric)

    • Plantation crops (coffee, tea, rubber)

    • Metals (copper, zinc, aluminum)

    • Energy products (crude oil, natural gas)

  • Promoted by Kailash Gupta and Central Warehousing Corporation (CWC)

  • Known for its strong presence in the agricultural sector, particularly in spices and plantation crops

These exchanges play a crucial role in facilitating futures trading in various commodities, providing a platform for price discovery, risk management, and hedging for market participants.