Rediffmail Money rediffGURUS BusinessEmail

NSpot tops in electronic trading of food crops

July 06, 2010 14:16 IST
Source:PTI

NCDEX Spot (NSpot) on Tuesday said that it has attained the number one position in electronic auctions of food crops.

It is the only spot exchange with more than 95 per cent delivery ratio across the commodities and has facilitated more than 4,000-metric tonnes of food grains through its electronic auctions, a press release issued here said.

NSpot is the market leader in electronic trading of rape mustard seed, chana, sugar, tur and imported pulses. It is the leading spot exchange for agricultural commodities in all major states like Maharashtra, Rajasthan, Madhya Pradesh, Karnataka and Haryana, the release said.

NCDEX Spot Exchange's Head, Rajesh Sinha, said that "NCDEX has innovated on various fronts including technology, memberships and market types to provide direct access to physical market players on the spot exchange.

The effort has started paying." In Q1 FY11, NSpot has delivered more than 10,000 MT of various foodgrains through its trading platform.

In the non-agri segment, NSpot has established NCDEX Bullion Limited, along with leading bullion merchants like Ridhi Sidhi Bullion for establishing a vibrant bullion spot trading platform.

Source: PTI
© Copyright 2025 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

More News Coverage

NCDEX Spot ExchangeRidhi Sidhi BullionNCDEX Bullion LimitedRajesh SinhaHaryana

RELATED STORIES

WEB STORIES

Kohli Kissed, Rohit Hugged It

11 Recipes That Say Holi Hai!

Submitting Fake Rent Receipts To Reduce Tax? DON'T

VIDEOS

NewsBusinessMoviesSportsCricketGet AheadDiscussionLabsMyPageVideosCompany Email