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.