More agriculture commodities will soon be available in the online basket of NCDEX Spot Exchange, a wholly-owned subsidiary of the National Commodity & Derivatives Exchange Ltd.
According to officials, after launching sugar successful on its electronic platform, NCDEX Spot has decided to go in for more commodities.
Among the commodities the exchange is planning to offer are wheat, paddy, guarseed, mustard seed and maize.
According to NCDEX Spot officials, the exchange's next step would be to add mustard seed and guarseed from Rajasthan, cotton from Maharashtra, paddy from West Bengal, maize from Bihar, and wheat from north Indian states.
The exchange is also looking to add many more agriculture commodities to its portfolio after receiving necessary permissions from the Agricultural Produce Marketing Committee and respective state governments.
For maize and paddy, the exchange has already obtained permission from Bihar and West Bengal governments.
The exchange is also getting ready to launch spot trade in gold and silver.
This week the exchange began its operations by launching spot trading in sugar (S30 Grade) on a pilot basis in Maharashtra. All trades on the spot exchange will ensure delivery.
The exchange, which has begun its membership drive, has signed up more than 50 members and about 25 more have evinced interest in trading in sugar.
