Definition of NCDEX

National Commodity and Derivatives Exchange of India (NCDEX) is a demutualised online commodity exchange that is promoted by various bodies such as ICICI Bank, Canara Bank, NABARD, IFFCO, CRISIL, and NSE. It provides futures trading in different commodities, such as Mustard seed, Soy Bean, and Cotton seed oilcake.

Points to remember:

• The National Commodity and Derivatives Exchange of India is an exchange that deals with commodities such as wheat, turmeric, sugar, jeera, maize, Cotton seed Oilcake and Mustard seed.
• Its shareholder consortium includes various bodies such as National Stock Exchange of India (NSE) and Life Insurance Corporation of India (LIC).
• NCDEX has offices in Mumbai, Delhi, Ahmedabad, Jaipur, Hyderabad, Indore and Kolkata.