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| OVERVIEW |
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India's No.1 spot exchange with a market share of over 90% compared to other Spot exchanges based on the Volumes of FY 2009-10 |
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Promoted by Financial Technologies Group, and NAFED |
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Complementary to the existing framework of commodity derivative exchanges |
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HIGHLIGHTS |
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It is operational in 25 commodities across 13 states in India with its most active contracts being castor seed, cotton seed, wash oil, cotton, barley and maize. |
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347 members as on 30th June, 2010 |
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NSEL launched a unique investment product in the form of demat gold on its platform in March 2010 |
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NSEL began spot delivery contracts for agri commodities such as soybean, chana, wheat, mustard and coriander seeds at Guna in Madhya Pradesh |
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| KEY
BENEFITS |
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Facilitates trading in standardized contracts of various agricultural commodities |
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Reduce counterparty risk and defaults |
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Farmers can sell produce by paying marginal brokerage as compared to that being paid to each intermediaries |
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Amendments in the APMC Act will save 40% of food that gets wasted in absence of due processing |
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NSEL will strengthen the supply chain and provide an efficient procurement mechanism to the corporate |
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www.nationalspotexchange.com |
