Definition of NBOT

National Board of Trade; an Indore based national multi-commodity exchange.

Being a major futures market for edible oils, NBOT is making attempts to become a national commodity exchange; thereafter qualifying the body to stand at par with other national exchanges such as MCX, NCDEX, NMCE and ICEX. Currently, the National Board of Trade is a public, non-governmental company with an authorized share capital of over 10 crores. It was earlier known as Soyabean Board of Trade.

Points to remember:

• NBOT or the National Board of Trade is a commodity exchange located at Indore.
• NBOT is India’s only soya commodity exchange, and is taking steps to start futures trade in palm oil.
• It is also making efforts to start futures in other commodities such as chickpeas, gram, and cotton seeds.