GOVERNMENT OF INDIA
FORWARD MARKETS COMMISSION
MINISTRY OF FINANCE
DEPARTMENT OF ECONOMIC AFFAIRS
FMC Bulletin
January 2015 – March 2015
EVEREST, 3RD FLOOR. 100, MARINE DRIVE,
MUMBAI 400 002
INDEX
Ch. No. Subject Pg. No.
1 Foreword 1
2 Commodity Market Review at a Glance 2
3 Important Developments in the Commodity Market 3
4 Developmental Activities 9
5 Performances of the Exchanges in the Commodity Market
i) Multi Commodity Exchange of India Ltd., Mumbai 10
ii) National Commodity & Derivatives Exchange Ltd., Mumbai
15
iii) National Multi Commodity Exchange of India Ltd., Ahmedabad
21
iv) ACE Derivatives & Commodity Exchange Ltd., Mumbai
25
Annexure
Sr. No. Subject Pg. No.
I List of commodities notified under section 15 of the
FCRA 1952.
27
II List of Recognized Commodity Exchanges 29
III Volume and value of commodities traded 30
IV Details of permissions granted to Recognized
Exchanges
31
V Details of Capacity Building Programms conducted 32
VI State wise details of Awareness programms conducted 35
1
1. FOREWORD
Forward Markets Commission regulates forward trading in 113 commodities at the 12 Recognized
Commodity Exchanges, of which 6 are National Commodity Exchanges and 6 are Commodity Specific
Regional Exchanges.
During the quarter under review i.e., January to March 2015, the total value of trade was ₹16.09 lakh crore
as against ₹18.98 lakh crore during the corresponding period last year. Food items viz. Chana, Refined Soya
Oil, Jeera and Rape/Mustard seed contributed major share to the total value of trade in Agricultural
Commodities. In Non-food items, Castor seed and Guar seed contributed major share in the commodity
futures trading. During the period, the value of trade in Bullion was ₹5.74 lakh crore and in Metals (other than
Bullion) it was ₹3.27 lakh crore. Value of trade in Agriculture Commodities and Energy Products amounted
to ₹2.21 lakh crore and ₹4.87 lakh crore respectively. The total value of trade at the National Multi Commodity
Exchanges was ₹16.05 lakh crore and at the Commodity Specific Exchanges, it was ₹0.04 lakh crore.
During the quarter, the Commission undertook a number of measures to promote efficient functioning of the
Commodity Futures Market and to improve transparency in the market. As a result of the Commission’s
regulatory interventions to prevent market manipulation, large scale physical deliveries on the exchange
platform in Coriander and Castor seed were recorded in terms of quantity and value.
The Commission has been proactively encouraging physical deliveries on the Exchange platform to provide
risk free trading facilities to physical market participants. In this regard, the Commission granted approval to
NMCE, Ahmedabad for the auction based NTSD and TSD Forward contracts in 23 commodities.
Since the spread margin benefits are useful in providing greater liquidity to the market without compromising
on risk management, the Commission gave its approval for enhanced spread margin benefits.
The Commission made KYC form of the Commodity Derivatives Market identical to that prescribed by the
Securities and Exchange Board of India (SEBI) for the securities market, to enable uniform KYC registration
process in the two markets. A circular was issued to all Exchanges to enable all participants of Commodity
Market to avail services of KRAs for client registration and uploading and downloading of client data. This will
facilitate clients of commodity market to register and avoid duplication of paper work with various
intermediaries. Exchanges were also directed to conduct awareness campaigns all over the country in a time
bound manner to ensure proper and timely implementation of the KRA system.
In the Union Budget 2015-16, an announcement has been made to merge Forward Markets Commission with
SEBI. To operationalise the Budget Announcement, the Ministry has constituted a Committee under the
Chairmanship of Additional Secretary, DEA, Ministry of Finance, to prepare a road map and to work out
details for merging FMC with SEBI.
The Commission continued to undertake various developmental activities under the plan scheme
“Strengthening of FMC”, such as conducting awareness programmes, capacity building programmes and the
Price Dissemination Project for the benefit of all stakeholders. During the quarter, 356 awareness
programmes and 46 capacity building programmes were conducted.
2
2. COMMODITY MARKET REVIEW AT A GLANCE
Forward Markets Commission regulates forward trading in 113 commodities (Annexure I) at the 12
Recognized Commodity Exchanges, of which 6 are National Commodity Exchanges and 6 are Commodity
Specific Regional Exchanges (Annexure II).
During the period under review (January to March 2015), the total value of trade in all commodities traded
at the recognized Exchanges was ₹16.09 lakh crore as against ₹ 15.77 lakh crore during the previous
quarter (October to December 2014) and ₹18.98 lakh crore during the corresponding period of last year.
The four national commodity Exchanges contributed 99.75 % of the total value of trade in the commodity
futures market. These are MCX Mumbai (87.48 %), NCDEX Mumbai (11.51 %), NMCE Ahmedabad (0.72
%) and ACE Mumbai (0.04%).
The following table indicates the total volume and value of trade during the quarter January to March 2015
in the major commodity Exchanges.
Name of Exchange Volume of Trade
(In lakh tons)
Value (₹ in
crore)
% share (In
value terms)
Multi Commodity Exchange of India
Ltd., Mumbai (MCX)
1967.25 1407319.94 87.48
National Commodity & Derivatives
Exchange Ltd., Mumbai (NCDEX)
395.59 185197.32 11.51
National Multi Commodity Exchange of
India Ltd., Ahmedabad (NMCE)
27.28 11524.79 0.72
ACE Derivatives & Commodity
Exchange Ltd., Mumbai (ACE)
0.81 718.90 0.04
Total of National Exchanges 2390.93 1604760.96 99.75
Regional Exchanges 10.66 4016.38 00.25
Grand total 2401.59 1608777.34 100.00
Note: Natural Gas volumes are not included in the Total Volume.
It is seen from Annexure III that the major commodity groups traded in the commodity futures market were
Bullion, Energy, Metals and Agriculture (Food and Non-Food Items). In Agricultural commodities the major
contribution to the total value of trade was from Chana, Refined Soya Oil, Castor seed, Guar seed, Jeera,
and Rape/Mustard seed.
3
3. IMPORTANT DEVELOPMENTS IN THE COMMODITY FUTURES MARKETS
3.1 Revision in the Regulatory Measures:
3.1.1 Regulatory Interventions in Coriander contracts and Castor seed contracts:
The Commission had observed abnormal volatility in prices and build up of Open Interest (OI) in
Castor seed and Coriander contracts traded at National Commodity & Derivatives Exchange Ltd
(NCDEX) platform. After detailed analysis, directions were issued by the Commission to the
exchange to advance the staggered delivery in these commodities with effect from 29-12-2014
instead of 11th January, 2015 and pre expiry margins were imposed with effect from 26-12-2014,
in a progressive and linear manner every day so that buyers and sellers pay cumulative margins
equal to 100% of the value of the contract as margin on the contract expiry date.
As a result of the above directions, Castor seed stocks which were 2.05 lakh MTs on 19th
December, 2014 increased to 4.30 lakh MT (Valued at approx. ₹ 2100 Crores) as on 19th January,
2015 which is the highest ever stock deposited at the exchange accredited warehouses. Delivery
of 2.03 lakh MTs (valued at ₹ 947.95 Crores) was executed in Castor seed January contract at
NCDEX. This is the highest ever recorded delivery executed in any agri-commodity on the
Exchange platform in terms of quantity and value.
Similarly, Coriander stocks were at 6923 MTs as on 19th December, 2014 which increased to 10858
MTs as on 19th January 2015. Delivery of 8230 MT (valued at ₹ 94.98 Crores) was executed in
Coriander January contract at NCDEX.
This pro-active intervention of FMC to prevent market manipulation in these commodities sent out
a strong message that any attempt at manipulation in the commodity futures market will not be
tolerated. The above large scale physical deliveries on the exchange platform are also a clear
indication of the healthy participation of physical market players in commodity exchanges and the
effective hedging opportunities on this platform.
3.1.2 Approval for forward trade in 23 commodities:
The Commission has been encouraging physical deliveries on the Exchange platform to provide
risk free trading facilities to physical market participants. In this regard, the Commission on 30th
January 2015, granted approval to NMCE, Ahmedabad for the following auction based NTSD and
TSD Forward contracts:
(i) Forward Auction: A selling proposition where Bidders are Buyers:
a) English / Fixed Quantity Auction - An ascending auction where successive bids are
higher than the previous bids. Buyers just bid the price, quantity doesn't change.
4
b) Fixed Price Auction: An auction where an auctioneer decides and fixes the price before
the auction starts. Buyer just bid the quantity whereas price is fixed and not allowed to
change.
(ii) Reverse Auction: A buying proposition where Bidders are Sellers.
a) Open Bid Fixed Quantity Auction: A descending auction where successive
bids are lower than the previous bids. Sellers just bid the price, quantity doesn't change.
b) Fixed Price Auction – An auction where auctioneer decides and fixes the price before
auction starts. Sellers just bid the quantity, price doesn’t change.
The above auction based NTSD and TSD Forward contracts are permitted for the year 2015 in the
23 commodities viz Rubber, Castor Seed, Chana, Isabgul, Jute, Sacking, Copra, Pepper, Coffee,
Rapeseed, Cardamom, Tea, Sugar, Guar Seed, Guar Gum, Onion, Jeera, Ginger, Garlic, Potato,
Wheat, Soya Bean and Cotton. Members are allowed to switch their 'Unused Collateral/Deposits'
between the Futures and Forwards either partially/fully.
Initial Margin is also allowed to be submitted in the form of cash/ non-cash collateral/ EMD.
3.1.3 Removal of additional margin on Castor seed contracts:
Since the stock of Castor Seed in the Exchange accredited Warehouses had increased and the
arrival season in Castor Seed started from February, the Commission on 24th February, 2015
issued directions to NCDEX, ACE and NMCE for removal of the additional margin of 5% (non-cash)
on both long and short side of Castor seed contracts w.e.f. the beginning of trading day 25th
February, 2015.
3.1.4 Live trading on 28th February, 2015 (Saturday):
The Commission on 25th February, 2015 decided to allow all Commodity Exchanges to remain
open for trading between 10.00 am and 5.00 pm on 28th February, 2015 on the occasion of
presentation of Union Budget.
3.1.5 Increase in spread margin benefits:
The Commission had reviewed the spread margin benefits granted earlier to the market participants
to the extent of 50% in case of (a) different month contracts of the same underlying commodity and
(b) two contract variants having the same underlying commodity. In this regard, the representations
received from the Exchanges and other market participants for hike in the spread margin benefits
were examined by the Commission. Since the spread margin benefits are useful in providing
greater liquidity to the market without compromising on risk management, the Commission on 17th
March, 2015 had conveyed its approval for increase in the spread margin benefits from the level of
50% to 75%.
5
3.2 Appointment of Independent Directors on the Board of the national multi commodity
Exchanges:
• The Commission, on 6th January, 2015 conveyed the approval of the Commission to the
appointment of Mr. Kamal Kumar Verma representing M/s Indian Farmers Fertilizer Cooperative
Limited (IFFCO), as Shareholder Director on the Board of the UCX, Navi Mumbai as per the
provision in Clause 1.2 & 4.1 of the Revised Norms dated 11th June, 2014 for constitution of the
Board of Directors, Nomination and Role of Independent Directors and appointment of Chief
Executives at the Nationwide Multi Commodity Exchanges in India till the next Annual General
Meeting.
• On 28th January, 2015, approval of the Commission was conveyed for the appointment of Mr.
Hemang Raja, Independent Director on the Board of ACE, Ahmedabad as Chairperson of the
Board of Directors of the Exchange as per the provision in Clause 1.4 of the Revised Norms dated
11th June, 2014 for constitution of the Board of Directors, Committees, Nomination and role of
Independent Directors and appointment of Chief Executives at the Nationwide Multi Commodity
Exchanges, till the next Annual General Meeting.
• On 28th January, 2015, approval of the Commission was conveyed for the re-appointment of Mr.
Anil Kumar Mishra as Managing Director & CEO of NMCE, Ahmedabad for a period from 9th
February, 2015 to 8th February, 2018 and also for the proposed remuneration payable for the period
of one year i.e. 9th February, 2015 to 8th February 2016 of the Managing Director and CEO.
• The Commission, on 4th March, 2015 conveyed the approval of the Commission to the appointment
of Mrs. Naina Krishna Murthy as Independent Director on the Board of National Commodity &
Derivatives Exchange Ltd, (NCDEX), Mumbai, as per the provision given in sub-paragraph 1.1 (ii)
of the Revised Norms dated 11th June, 2014 for constitution of Board of Directors, Committees,
Nomination and Role of Independent Directors and appointment of Chief Executives at the
Nationwide Multi Commodity Exchanges. The appointment would be valid up to 31st March, 2018.
• The Commission, on 23rd March,2015 approved the appointment of Mr. Rabi Narayan Das as
Independent Director under section 6 (2) (b) of the Forward Contracts (Regulation) Act, 1952 on
the Board of National Commodity & Derivatives Exchange Ltd.,(NCDEX), Mumbai for a period from
1st April, 2015 to 31st March, 2018.
3.3 Appointment of Independent Directors on the Boards of the Regional Commodity Exchanges:
• The Commission, on 28th January, 2015 conveyed its approval to the appointment of Mr. Akhil
Kumar Agarwal as Co-opted Director on the Board of the Chamber of Commerce, Hapur under
Article 41 (b) of the Articles of Association of the Exchange. The tenure of the appointment of Mr.
Akhil Kumar Agarwal is for two terms of one year each with effect from 31st January, 2015 up to
31st January, 2017.
6
• The Commission, on 12th March, 2015 conveyed the approval of the Commission to the
appointment of i) Dr. Ram Avatar Tyagi, and ii) Shri Vipul Agarwal as Independent Directors under
Article 41 (e) of the Articles of Association of Chamber of Commerce, Hapur for a period up to 31st
March, 2016.
3.4 Improvement of Market Monitoring and Surveillance:
The Commission monitors the day-to-day trading developments that take place in the national
exchanges and for this, calls for information in the prescribed formats. The Commission reviewed
the earlier formats and re-designed 5 new formats and asked the Exchanges to forward the
information about the trading details in new formats on T+1 basis. The formats are designed in
such a way that it would give full picture of trading that has taken place at micro level, and facilitate
the day to day regulation.
3.5 Common / Uniform client registration form:
The Commission on 26th February, 2015 issued a circular making KYC form of the Commodity
Derivatives Market identical to that prescribed by the Securities and Exchange Board of India
(SEBI) for the securities market. This was done to enable uniform KYC registration process in the
two markets to make it easier for clients to register for trading and to avoid duplication of paper
work with various intermediaries.
3.6 Amendment to Revised Guidelines for Investor Protection Fund (IPF):
The Commission on 20th February, 2015 amended the Guidelines for Investor Protection Fund,
(IPF) deleting the provision of nomination of an official of FMC as a trustee in IPF as the IPFs
created by the Exchanges have been functioning smoothly since these were set up over 2 years
back.
3.7 Issues relating to Multi Commodity Exchange of India Ltd., (MCX) Mumbai:
The Commission vide its letters dated 26th February, 2015 approved the proposals received from
Reliance Mutual Fund and Axis Mutual Fund for acquisition up to 5 % of equity share capital of
MCX, subject to the condition that, the companies will file declarations within fifteen days from the
end of every financial year to MCX that the companies comply with the fit and proper criteria as
mentioned in clause 8(6) of the Revised Norms dated 6th May, 2014, issued by the Commission.
3.8 Issues relating to Universal Commodity Exchange Ltd (UCX), Navi Mumbai:
The Commission vide its letter dated 20th February, 2015 has directed UCX to refund trade margin
money (TMC) to all the registered members without delay. However, in the case of members /
brokers with regard to whom certain adverse observations have been made in the forensic audit
report, refund to be done only after scrutiny and approval of the Board.
7
3.9 KRA system:
i. A circular dated 13.03.2015 was issued to all National Exchanges and KYC Registering Authorities
(KRAs) to enable all participants of Commodity Market to avail services of KRAs for client
registration, uploading and downloading of client data. This will facilitate clients of commodity
market as it will make it easy for the participants of the commodities market to register and avoid
duplication of paper work with various intermediaries. Guidelines for new clients, existing clients
and KRA’s have been provided. The KRA system were made available to the new participants
from 1.04.2015. However, for existing clients the procedure should be completed by 1.12.2015.
ii. A circular dated 17.03.2015 was issued to all National Commodity Exchanges directing them to
conduct awareness campaigns all over the country in a time bound manner to ensure proper and
timely implementation of the KRA system.
3.10 In the Union Budget 2015-16, an announcement has been made to merge Forward Markets
Commission (FMC) with Securities and Exchange Board of India (SEBI).To operationalise the
Budget Announcement, the Ministry has constituted a Committee under the Chairmanship of
Additional Secretary, DEA Ministry of Finance, to prepare a road map and to work out details for
merging FMC with SEBI. The Committee consists of the representatives of the Ministry, SEBI and
FMC. The first meeting of the Committee was held on 26th March, 2015 at New Delhi which was
attended by representatives of the Ministry, SEBI, FMC and NIPFP.
3.11 Inspect the books of accounts of the Members:
The Commission has been inspecting the books of accounts of the Members of the National
Exchanges on a regular basis. During the quarter i) 70 audit reports were received from the Auditors
ii) 64 audit reports were sent to the Exchanges for follow up action on non-compliances observed
iii) 165 audit reports were scrutinized and iv) Action were completed in 79 audit reports
3.12 Membership registration
The total number of members registered from 1st January, 2015 to 31st March, 2014 was 11.
Members declared as surrendered/ deactivated/ suspended by the Commodity Exchange(s) during
the above period are 176. The total number of registered members as on 31st March, 2015 stands
at 5184.
3.13 Attending to Client Complaints/ Grievances
The Commission receives complaints from the clients of the members registered with recognized
exchanges. The complaints are mostly of the nature of unauthorized trades (trade without consent
of the client) in client’s account by member, contract notes/account statements not issued by the
member to the client, mis-utilization of client’s funds entrusted with the member, portfolio
management services offered by the member etc. The complaints are taken up with respective
exchanges for speedy disposal of the complaints. During the quarter 49 complaints were received
and 136 complaints in which action was complete were closed.
8
3.14 Enforcement Action:
As per Rule 13 of the FC(R) Rules 1954, the Commission is required to communicate information
in respect of the commission of any offence under the Act to the concerned authorities. During the
period, 3 complaints were forwarded under Rule 13 of FC(R) Rules 1954, to the respective State
Police authorities.
3.15. Court Cases and Legal Matters:
While discharging the regulatory functions, especially enforcement functions, the Commission had
been engaged in litigation with different parties/entities. The Commission and / or the Union of India
have been impleaded as respondent(s) in various court cases filed in the Supreme Court of India
and various High Courts / Tribunals. Significant / noteworthy developments in court cases during
the quarter are given below:
i. The SLP No. (CC) 20184 of 2014 filed by Financial Technologies (India) Limited before the Hon’ble
Supreme Court of India against the Bombay High Court Orders in WP/337/2014 in the matter of Fit
and Proper Order passed by FMC came up for hearing on 6th February, 2015. The Hon’ble
Supreme Court, after a detailed hearing and on request of the Petitioner, was pleased to dismiss
the said SLP as withdrawn.
ii. The Ministry of Corporate Affairs filed a Notice of Motion in Writ Petition No. 2743 of 2014 filed by
FTIL and 3 others before the Hon’ble Bombay High Court in the NSEL-FTIL amalgamation matter.
The Hon’ble Bombay High Court after a detailed hearing of the Notice of Motion on 04-02-2015
vacated the status quo order passed on 27-11-2014 in the matter, and directed that Petitioners and
all other interested parties may file their objections within thirty days and within four weeks
thereafter Central Government may pass appropriate order after giving brief hearing to all the
interested parties.
iii. The Hon’ble High Court of Kerala pronounced its final judgment on 29-01-2015 in WP/19880/2011
and WP/1289/2011 filed by First Commodities Exchange of India Limited (FCEI) and two others
Vs. Union of India, through the Ministry of Corporate Affairs, FMC and others. The Hon’ble Kerala
High Court, vide the said detailed order, was pleased to uphold the authority of FMC to issue
directions under FCR Act 1952 and the Commission’s directions given to FCEI on 11-07-2011 for
induction of three persons/ shareholders on the board of FCEI.
iv. The WP/337/2014 filed by FTIL Vs. FMC, before the Hon’ble Bombay High Court, challenging Fit
and Proper order dated 17th Dec. 2013 passed by the Commission came up for hearing on 17th
March, 2015. During the hearing Hon’ble Court considered the request of the Commission for
permission to file additional affidavit and the matter is posted for hearing on 15th June, 2015
9
4. DEVELOPMENTAL ACTIVITIES
The Forward Markets Commission, in addition to regulating the commodity futures market, also
took the following proactive steps to ensure that the commodity futures markets are broad based
and its benefits reach all the stakeholders of the Commodity Markets.
4.1 Capacity Building Programme:
The Commission organizes Capacity Building programmes for market stakeholders, officers of the
Central and State Governments engaged in policy making, educational institutions with focus on
agricultural universities, management institutes, financial institutions, banks, cooperatives and
warehousing sectors to sensitize them about the roles to be played by them for the development
of the commodity futures market. During January to March 2015, the Commission conducted 46
Capacity Building Programmes details of which are given in Annexure V.
4.2 Awareness Programmes:
The Forward Markets Commission conducts awareness programmes for all the stakeholders of the
commodity derivatives market, such as members of commodity exchanges and their clients,
prospective participants in the commodity derivatives market, physical market stakeholders in the
agricultural, metals, bullion and energy sectors, especially farmers; grass-root level functionaries
and extension service providers in the agriculture sector, educational institutes, etc. During the
quarter, 356 awareness programmes were conducted across the country. Out of 356 awareness
programmes, 184 programmes were conducted for farmers and 172 for others. The details of
awareness programmes organized during the period under review is given in Annexure VI.
10
5. PERFORMANCE OF THE EXCHANGES IN THE COMMODITY MARKET
I. Multi Commodity Exchange of India Ltd., Mumbai (MCX)
During the quarter Crude Oil, Gold, Silver, Copper, Natural Gas, Zinc, Nickel, Lead, Aluminum
contracts constituted a major share of the value of commodities traded at MCX, Mumbai. The
following table and the pie –chart indicates the % share of major commodities traded at MCX,
Mumbai during the period under review.
Commodities Total Value (In ₹ Crores)
% share to the total value
Crude Oil 396,514 28.18% Gold 329,810 23.44% Silver 237,236 16.86% Copper 122,788 8.72% Natural Gas 90,013 6.40% Zinc 61,524 4.37% Nickel 58,237 4.14% Lead 49,017 3.48% Aluminium 35,119 2.50% Total of major commodities 1,380,259 98.08% Other commodities 27,061 1.92% Total 1,407,320 100.00%
* All variants of a commodity are considered.
Graphical presentation showing the percentage share of above Commodities / Contracts is given
in the following diagram.
CRUDE OIL
28%
GOLD
23%
SILVER
17%
COPPER
9%
NATURAL GAS
6%
ZINC
4%
NICKEL
4%
LEAD
4%ALUMINIUM
3%
OTHER
COMMODITIES
2%
PERCENTAGE SHARE OF THE VALUE OF THE COMMODITIES TRADED AT MCX, MUMBAI DURING JANUARY 2015 TO MARCH 2015
11
Graphical presentation of ready and futures prices of nine major commodities Crude Oil, Gold, Silver,
Copper, Natural Gas, Zinc, Nickel, Lead, Aluminium at MCX, Mumbai during the period under review
is provided below.
CRUDE OIL
GOLD
2500
2700
2900
3100
3300
3500
3700
3900
2-J
an
-15
9-J
an
-15
16
-Ja
n-1
5
23
-Ja
n-1
5
30
-Ja
n-1
5
6-F
eb
-15
13
-Fe
b-1
5
20
-Fe
b-1
5
27
-Fe
b-1
5
6-M
ar-
15
13
-Ma
r-1
5
20
-Ma
r-1
5
27
-Ma
r-1
5
Rs.
pe
r B
arr
el
Spot and Futures Prices of Crude Oil at MCX, Mumbai
Ready Price 16 Jan 2015 19 Feb 2015 19 Mar 2015 20 Apr 2015
18 May 2015 19 Jun 2015 20 Jul 2015 19 Aug 2015 21 Sep 2015
25000
26000
27000
28000
29000
30000
2-J
an
-15
9-J
an
-15
16
-Ja
n-1
5
23
-Ja
n-1
5
30
-Ja
n-1
5
6-F
eb
-15
13
-Fe
b-1
5
20
-Fe
b-1
5
27
-Fe
b-1
5
6-M
ar-
15
13
-Ma
r-1
5
20
-Ma
r-1
5
27
-Ma
r-1
5
Rs.
pe
r 1
0 g
ram
s
Spot and Futures Prices of Gold at MCX, Mumbai
Ready Price 05 Feb 2015 03 Apr 2015 05 Jun 2015
05 Aug 2015 05 Oct 2015 04 Dec 2015 05 Feb 2016
12
SILVER
COPPER
35000
36000
37000
38000
39000
40000
41000
42000
2-J
an
-15
9-J
an
-15
16
-Ja
n-1
5
23
-Ja
n-1
5
30
-Ja
n-1
5
6-F
eb
-15
13
-Fe
b-1
5
20
-Fe
b-1
5
27
-Fe
b-1
5
6-M
ar-
15
13
-Ma
r-1
5
20
-Ma
r-1
5
27
-Ma
r-1
5
Rs.
pe
r K
g
Spot and Futures Prices of Silver at MCX, Mumbai
Ready Price 05 Mar 2015 05 May 2015 03 Jul 2015
04 Sep 2015 04 Dec 2015 04 Mar 2016
300
320
340
360
380
400
420
2-J
an
-15
9-J
an
-15
16
-Ja
n-1
5
23
-Ja
n-1
5
30
-Ja
n-1
5
6-F
eb
-15
13
-Fe
b-1
5
20
-Fe
b-1
5
27
-Fe
b-1
5
6-M
ar-
15
13
-Ma
r-1
5
20
-Ma
r-1
5
27
-Ma
r-1
5
Rs.
pe
r K
g
Spot and Futures Prices of Copper at MCX, Mumbai
Ready Price 27 Feb 2015 30 Apr 2015 30 Jun 2015 31 Aug 2015
13
NATURAL GAS
ZINC
150
160
170
180
190
200
2-J
an
-15
9-J
an
-15
16
-Ja
n-1
5
23
-Ja
n-1
5
30
-Ja
n-1
5
6-F
eb
-15
13
-Fe
b-1
5
20
-Fe
b-1
5
27
-Fe
b-1
5
6-M
ar-
15
13
-Ma
r-1
5
20
-Ma
r-1
5
27
-Ma
r-1
5
Rs.
pe
r m
mB
TU
Spot and Futures Prices of Natural Gas at MCX, Mumbai
Ready Price 27 Jan 2015 24 Feb 2015 26 Mar 2015
27 Apr 2015 26 May 2015 25 Jun 2015
120
125
130
135
140
145
2-J
an
-15
9-J
an
-15
16
-Ja
n-1
5
23
-Ja
n-1
5
30
-Ja
n-1
5
6-F
eb
-15
13
-Fe
b-1
5
20
-Fe
b-1
5
27
-Fe
b-1
5
6-M
ar-
15
13
-Ma
r-1
5
20
-Ma
r-1
5
27
-Ma
r-1
5
Rs.
pe
r K
g
Spot and Futures Prices of Zinc at MCX, Mumbai
Ready Price 30 Jan 2015 27 Feb 2015 31 Mar 2015
30 Apr 2015 29 May 2015 30 Jun 2015 31 Jul 2015
14
NICKEL
LEAD
800
850
900
950
1000
1050
2-J
an
-15
9-J
an
-15
16
-Ja
n-1
5
23
-Ja
n-1
5
30
-Ja
n-1
5
6-F
eb
-15
13
-Fe
b-1
5
20
-Fe
b-1
5
27
-Fe
b-1
5
6-M
ar-
15
13
-Ma
r-1
5
20
-Ma
r-1
5
27
-Ma
r-1
5
Rs.
pe
r K
g
Spot and Futures Prices of Nickel at MCX, Mumbai
Ready Price 30 Jan 2015 27 Feb 2015 31 Mar 2015
30 Apr 2015 29 May 2015 30 Jun 2015 31 Jul 2015
105
110
115
120
125
2-J
an
-15
9-J
an
-15
16
-Ja
n-1
5
23
-Ja
n-1
5
30
-Ja
n-1
5
6-F
eb
-15
13
-Fe
b-1
5
20
-Fe
b-1
5
27
-Fe
b-1
5
6-M
ar-
15
13
-Ma
r-1
5
20
-Ma
r-1
5
27
-Ma
r-1
5
Rs.
pe
r K
g
Spot and Futures Prices of Lead at MCX, Mumbai
Ready Price 30 Jan 2015 27 Feb 2015 31 Mar 2015
30 Apr 2015 29 May 2015 30 Jun 2015 31 Jul 2015
15
ALUMINIUM
II. National Commodity and Derivatives Exchange, Ltd., Mumbai (NCDEX)
During the quarter Chana, Soya Oil, Castor seed, Guar seed 10, Jeera, Coriander, Soya bean,
Turmeric, RM Seed and Guar gum constituted a major share of the value of commodities traded at
NCDEX, Mumbai. The following table and the pie-chart indicates the % share of major commodities
traded at NCDEX, Mumbai during the period under review.
Commodities Total Value (In ₹ Crores)
% Share of the Total Value
Chana 32,270.61 17.42
Soya Oil 29,073.94 15.70
Castor Seed 18,371.90 9.92
Guarseed10 16,723.48 9.03
Jeera 16,413.29 8.86
Coriander 12,616.05 6.81
Soya bean 11,843.47 6.40
Turmeric 11,314.79 6.11
RM Seed 10,526.83 5.68
Guar Gum 6,283.70 3.39
Total of major commodities 165,438.05 89.33
Other Commodities 19,759.27 10.67
Total 185,197.32 100.00
105
110
115
120
2-J
an
-15
9-J
an
-15
16
-Ja
n-1
5
23
-Ja
n-1
5
30
-Ja
n-1
5
6-F
eb
-15
13
-Fe
b-1
5
20
-Fe
b-1
5
27
-Fe
b-1
5
6-M
ar-
15
13
-Ma
r-1
5
20
-Ma
r-1
5
27
-Ma
r-1
5
Rs.
pe
r K
g
Spot and Futures Prices of Aluminium at MCX, Mumbai
Ready Price 30 Jan 2015 27 Feb 2015 31 Mar 2015
30 Apr 2015 29 May 2015 30 Jun 2015 31 Jul 2015
16
Graphical Presentation of ready and future prices of ten major commodities Chana, Soya Oil, Castor seed,
Guarseed10, Jeera, Coriander, Soya bean, Turmeric, RM Seed and Guar gum at NCDEX, Mumbai during
the period under review is given below:
CHANA
CHANA17.42%
SOYA_OIL15.70%
CASTOR_SEED_NEW
9.92%
GUARSEED109.03%
JEERA8.86%
CORIANDER6.81%
SOYABEAN6.40%
TURMERIC6.11%
RMSEED5.68%
GUAR_GUM3.39%
Other Commodities10.67%
PERCENTAGE SHARE OF THE VALUE OF THE COMMODITIES TRADED AT NCDEX,MUMBAI DURING JANUARY 2015 TO MARCH 2015
3200
3375
3550
3725
3900
₹ P
ER
100
KG
SPOT & FUTURES PRICES OF CHANA TRADED AT NCDEX
SPOT 20-Jan-2015 20-Feb-2015 20-Apr-2015
20-May-2015 19-Jun-2015 20-Jul-2015
17
SOYA OIL
CASTOR SEED
520540560580600620640660680700
₹ P
ER
10
KG
SPOT & FUTURES PRICES OF SOYA OIL T RADED AT NCDEX
SPOT 20-Jan-2015 20-Feb-2015 20-Apr-2015
19-Jun-2015 20-Aug-2015 20-Oct-2015
3500
3875
4250
4625
5000
₹ P
ER
100
KG
SPOT & FUTURES PRICES OF CASTORSEED TRADED AT NCDEX
SPOT 20-Jan-2015 20-Feb-2015 20-Mar-2015
20-Apr-2015 20-May-2015 19-Jun-2015 20-Jul-2015
18
GUARSEED 10
JEERA
3600
3925
4250
4575
4900
₹ P
ER
100
KG
SPOT & FUTURES PRICES OF GUARSEED TRADED AT NCDEX
SPOT 20-Jan-2015 20-Feb-2015 20-Mar-201520-Apr-2015 20-May-2015 19-Jun-2015 20-Jul-2015
₹ P
ER
100
KG
SPOT & FUT URES PRICES OF JEERA TRADED AT NCDEX
SPOT 20-Jan-2015 20-Feb-2015 20-Mar-201520-Apr-2015 20-May-2015 19-Jun-2015 20-Jul-2015
19
CORIANDER
SOYA BEAN
6000
7500
9000
10500
12000
₹ P
ER
100
KG
SPOT & FUTURE PRICES OF CORIANDER TRADED AT NCDEX
SPOT 20-Jan-2015 20-Apr-201520-May-2015 19-Jun-2015 20-Jul-2015
3100
3250
3400
3550
3700
₹ P
ER
100
KG
SPOT & FUTURE PRICES OF SOYABEAN TRADED AT NCDEX
SPOT 20-Jan-2015 20-Feb-2015 20-Apr-2015
19-Jun-2015 20-Aug-2015 20-Oct-2015
20
TURMERIC
RM SEED
7500
8050
8600
9150
9700
₹ P
ER
100
KG
SPOT & FUTURE PRICES OF T URMERIC TRADED AT NCDEX
SPOT 20-Apr-2015 20-May-2015 19-Jun-2015 20-Jul-2015
3200
3500
3800
4100
4400
₹ P
ER
100
KG
SPOT & FUTURE PRICES OF RM SEED TRADED AT NCDEX
SPOT 20-Jan-2015 20-Apr-201520-May-2015 19-Jun-2015 20-Jul-2015
21
GUAR GUM
III. National Multi Commodity Exchange, Ahmadabad (NMCE)
During the quarter Chana, Copra, Rape/Mustard seed, Castor seed and Raw Jute constituted a
major share of the value of commodities traded at NMCE, Ahmedabad. The following table and the
pie-chart indicate the percentage share of major commodities traded at NMCE, Ahmedabad during
the period under review.
Commodities Total Value (in ₹ crore)
% share to the total value
Chana 2542.66 22.06 Copra 2416.08 20.96
Rape/Mustard seed 2336.45 20.27 Castor seed 1749.31 15.18 Raw Jute 1772.75 15.38 Total of major commodities 10817.25 93.86 Others 707.54 6.14
Total 11524.79 100.00
8000
9175
10350
11525
12700
₹ P
ER
100
KG
SPOT & FUTURE PRICES OF GUARGUM TRADED AT NCDEX
SPOT 20-Jan-2015 20-Feb-2015 20-Mar-2015
20-Apr-2015 20-May-2015 19-Jun-2015 20-Jul-2015
22
Graphical presentation of ready and futures prices of five major commodities viz. Chana, Copra,
Rape/Mustard seed, Castor seed and Raw Jute at NMCE, Ahmedabad during the period under review is
given below.
Chana22.06%
Copra20.96%
Rape/Mustard seed20.27%
Castorseed15.18%
Raw Jute15.38%
Others 6.14%
PERCENTAGE SHARE TO THE TOTAL VALUE OF THE COMMODITIES TRADED AT NMCE., AHMEDABAD
DURING JANUARY 2015 TO MARCH 2015
Chana Copra Rape/Mustard seed Castorseed Raw Jute Others
3200.00
3300.00
3400.00
3500.00
3600.00
3700.00
3800.00
02
-Ja
n-1
5
09
-Ja
n-1
5
16
-Ja
n-1
5
23
-Ja
n-1
5
30
-Ja
n-1
5
06
-Fe
b-1
5
13
-Fe
b-1
5
20
-Fe
b-1
5
27
-Fe
b-1
5
06
-Ma
r-1
5
13
-Ma
r-1
5
20
-Ma
r-1
5
27
-Ma
r-1
5
₹ P
ER
10
0 K
G
SPOT AND FUTURE PRICES OF CHANA AT NMCE, AHMEDABAD.
Spot Jan-15 Feb-15 Apr-15 May-15 Jun-15
23
9300.00
9400.00
9500.00
9600.00
9700.00
9800.00
9900.00
10000.00
10100.00
10200.00
10300.00
10400.00
10500.000
2-J
an
-15
09
-Ja
n-1
5
16
-Ja
n-1
5
23
-Ja
n-1
5
30
-Ja
n-1
5
06
-Fe
b-1
5
13
-Fe
b-1
5
20
-Fe
b-1
5
27
-Fe
b-1
5
06
-Ma
r-1
5
13
-Ma
r-1
5
20
-Ma
r-1
5
27
-Ma
r-1
5
₹
PE
R 1
00
KG
SPOT AND FUTURE PRICES OF COPRA AT NMCE., AHMEDABAD.
Spot Jan-15 Feb-15 Mar-15 Apr-15 May-15
550.00
600.00
650.00
700.00
750.00
800.00
02
-Ja
n-1
5
09
-Ja
n-1
5
16
-Ja
n-1
5
23
-Ja
n-1
5
30
-Ja
n-1
5
06
-Fe
b-1
5
13
-Fe
b-1
5
20
-Fe
b-1
5
27
-Fe
b-1
5
06
-Ma
r-1
5
13
-Ma
r-1
5
20
-Ma
r-1
5
27
-Ma
r-1
5
₹P
ER
20
KG
SPOT AND FURURE PRICES OF MUSTARD SEED AT NMCE., AHMEDABAD.
Spot Jan-15 Apr-15 May-15 Jun-15 #REF!
24
3200.00
3300.00
3400.00
3500.00
3600.00
3700.00
3800.000
2-J
an
-15
09
-Ja
n-1
5
16
-Ja
n-1
5
23
-Ja
n-1
5
30
-Ja
n-1
5
06
-Fe
b-1
5
13
-Fe
b-1
5
20
-Fe
b-1
5
27
-Fe
b-1
5
06
-Ma
r-1
5
13
-Ma
r-1
5
20
-Ma
r-1
5
27
-Ma
r-1
5
₹ P
ER
10
0 K
G
SPOT AND FUTURE PRICES OF CASTORSEED AT NMCE, AHMEDABAD.
Spot Jan-15 Feb-15 Apr-15 May-15 Jun-15
3200.00
3250.00
3300.00
3350.00
3400.00
3450.00
3500.00
3550.00
3600.00
3650.00
02
-Ja
n-1
5
09
-Ja
n-1
5
16
-Ja
n-1
5
23
-Ja
n-1
5
30
-Ja
n-1
5
06
-Fe
b-1
5
13
-Fe
b-1
5
20
-Fe
b-1
5
27
-Fe
b-1
5
06
-Ma
r-1
5
13
-Ma
r-1
5
20
-Ma
r-1
5
27
-Ma
r-1
5
₹ P
ER
10
0 K
G
SPOT AND FUTURE PRICES OF RAW JUTE AT NMCE,AHMEDABAD
Spot Jan-15 Feb-15 Mar-15 Apr-15 May-15
25
IV. ACE Commodities and Derivatives Exchange, Mumbai (ACE)
During the quarter Cotton 118 constituted a major share of the value of commodities traded at ACE,
Mumbai. The following table and the pie-chart indicates the % share of major commodities traded
at ACE, Mumbai during the period January 2015 to March 2015
Commodities Total Value (in ₹ Crore)
% share to the total value
Castor 1.30 0.18%
Cotton 118 717.60 99.82%
Grand Total 718.90 100.00%
Percentage Share of The Value of the Commodities traded at ACE, Mumbai
During January 2015 to March 2015
CASTOR
0.18%
COTTON118
99.82%
26
Graphical presentation of spot and future prices of Cotton 118 and Castor Seed at ACE, Mumbai during
the period January 2015 to March 2015 is given below:
28,000.00
29,000.00
30,000.00
31,000.00
32,000.00
33,000.00
34,000.00
Rs
pe
r ca
nd
y
Cotton
Spot price 20-Jan-15 20-Feb-15 20-Mar-15
20-Apr-15 20-May-15 19-Jun-15 20-Jul-15
-
1,000.00
2,000.00
3,000.00
4,000.00
5,000.00
6,000.00
Rs
pe
r Q
tl
Castor
CASTOR Spot Price CASTOR 20-Jan-15 CASTOR 20-Feb-15 CASTOR 20-Mar-15
27
Annexure I
List of Commodities Notified Under Section 15 of the F.C. (R) Act 1952.
Sr. No. Commodity Sr. No. Commodity
(I) Food Grains and Pulses II Oilseeds and Oils
1 Arhar Chuni 30 Cottonseed Oil
2 Bajra 31 Cottonseed Oilcake
3 Barley 32 CPO Refined
4 Gram 33 Crude Palm Oil
5 Gram Dal 34 Crude Palm Olive
6 Guar 35 Groundnut
7 Jowar 36 Groundnut Oil
8 Kulthi 37 Groundnut Oilcake
9 Lakh (Khesari) 38 Linseed
10 Maize 39 Linseed oil
11 Masur 40 Linseed Oilcake
12 Moth 41 Rapeseed Oil/Mustard Oil
13 Mung 42 Rapeseed Oilcake/ Mustardseed Oilcake
14 Mung Chuni 43 Rapeseed/Mustard seed
15 Mung Dal 44 RBD Palmolein
16 Peas 45 Rice Bran
17 Ragi 46 Rice Bran Oil
18 Rice or Paddy 47 Rice Bran Oilcake
19 Small Millets (Kodan Kulti, Kodra, Korra, Vargu, Sawan, Rala, Kakun, Samai, Vari & Banti)
48 Safflower
20 Tur Dal (Arhar Dal) 49 Safflower Oil
21 Tur(Arhar) 50 Safflower Oilcake
22 Urad (Mash) 51 Sesame (Til or Jiljilli)
23 Urad dal 52 Sesame Oil
24 Wheat 53 Sesame Oilcake
(II) Oilseeds and Oils 54 Soy meal
25 Celery seed 55 Soy Oil ,
26 Copra Oil/Coconut Oil 56 Soybean
27 Copra Oilcake / Coconut Oilcake
57 Sunflower Oil
28 Copra/ Coconut 58 Sunflower Oil cake
29 Copra oil cake/Coconut Oil 59 Sunflower Seed
III Spices (VI) Others
28
Sr. No. Commodity Sr. No. Commodity
60 Aniseed 88 Camphor
61 Betel nuts 89 Castor seed
62 Cardamom 90 Chara or Berseem (including
chara seed or berseem seed)
63 Chillies 91 Crude Oil
64 Cinnamon 92 Gram Husk (Gram Chilka)
65 Cloves 93 Gur
66 Coriander seed 94 Khandsari Sugar
67 Ginger 95 Polymer
68 Methi 96 Potato
69 Nutmegs 97 Rubber
70 Pepper 98 Seedlac
71 Turmeric 99 Shellac
IV Metals 100 Sugar
72 Copper 101 Furnace Oil
73 Zinc 102 Ethanol
74 Lead 103 Cooking Coal
75 Tin 104 Electricity
76 Gold 105 Natural Gas
77 Silver 106 Onion
78 Silver Coins 107 Carbon Credit
(V) Fibers and Manufactures 108 Thermal coal
79 Art Silk Yarn 109 Methanol
80 Cotton Cloth 110 Melted Menthol Flakes
81 Cotton pods 111 Mentha Oil
82 Cotton Yarn 112 Menthol Crystals
83 Indian Cotton (Full pressed,
half pressed or loose)
113 Iron Ore
84 Jute goods (Hessian and
Sackings and cloth and /or
bags, twines and/or yarns
manufactured by any of the
mills and/or any other
manufacturers of whatever
nature made from jute)
85 Kapas
86 Raw Jute Including Mesta
87 Staple Fiber Yarn
29
Annexure II
List of the Exchanges
Sr. No. Name of the Exchanges
A. National Multi Commodity Exchanges
1 Multi Commodity Exchange of India Ltd., Mumbai (MCX)
2 National Commodity & Derivatives Exchange Ltd., Mumbai (NCDEX)
3 ACE Derivatives and Commodity Exchange, Mumbai. (ACE)
4 National Multi Commodity Exchange of India Ltd., Ahmedabad (NMCE)
5 Indian Commodity Exchange Ltd., Mumbai (ICEX)
6 Universal Commodity Exchange Ltd, Navi Mumbai (UCX)
B. Commodity Specific Regional Exchanges
7 The Chamber of Commerce, Hapur
8 Rajkot Commodity Exchange Ltd., Rajkot
9 India Pepper & Spice Trade Association, Kochi
10 Bombay Commodity Exchange Ltd, Mumbai
11 Spices & Oilseeds Exchange Ltd, Sangli
12 Cotton Association of India, Mumbai
30
Annexure III
Volume & Value of Trading in Various Commodities
Sl. No Name of the Commodity Volume (In LT)
Value (In ₹crore)
I Agricultural Commodities Food Items
1 Chana/Gram 97.28 34813.27 2 Refined Soya oil 48.32 29073.94 3 Pepper 0.02 88.76 4 Jeera (Cumin seed) 10.80 16413.29 5 Red Chilli 0.34 290.99 6 Soya bean/seed 34.63 11843.47 7 Rape/Mustard Seed 45.05 15413.16 8 Wheat 1.12 177.36 9 Turmeric 13.28 11314.79
10 Sugar 4.97 1293.70 11 Gur 0.09 22.44 12 Cardamom 0.18 1946.83 13 Maize Feed 2.08 252.20 14 Barey 2.22 259.75 15 Coriander/Dhaniya 16.84 12616.05 16 Crude Palm Oil 22.81 10359.84 17 Copra 2.41 2416.08 18 Bajra 0.01 1.63 (A) Total of Above 302.47 148597.55
Non Food Items 19 Guar seed 41.67 16723.48 20 Mentha Oil 0.86 6683.93 21 Castor seed 53.64 21500.26 22 Guar Gum 6.50 6283.70 23 Kapas 14.39 5473.27 24 Rubber 0.57 707.55 25 Raw jute 5.20 1772.75 26 Cotton seed Oilcake / Kapasia Khali 32.10 4876.52 27 Cotton 9.90 8808.20 (B) Total of Above 164.83 72829.65
(A+ B) Total Agri-Commodities 467.30 221427.19 II Bullion 1 Gold 0.01 335552.53 2 Silver 0.64 238583.81 Total of Bullion 0.65 574136.34
III Metals 162.03 326686.68 IV Energy (excluding Natural gas volume ) 1771.62 486527.13
Grand Total (I to IV) (excluding Natural gas volume ) 2401.59 1608777.34
31
Annexure IV
Details of permissions granted to the Recognized Exchanges
Exchange Commodity Contracts permitted Date of permission
NCDEX, Mumbai
Urad, Tur, Yellow Peas, Yellow Soyabean Meal (Domestic),Pepper, RBD Palmolein and Bajra
Forward Contracts - Non-transferable Specific Delivery (NTSD) and Transferable Specific Delivery (TSD) at Fixed Price
5th January, 2015
Soya bean (2 mt) : Soya bean A
October 2015,November 2015 December 2015, January 2016
23rd January, 2015
Soyabean B February 2015, April 2015, June 2015 and August 2015
Gold (1kg) March 2015, May 2015, July 2015, September 2015 & November 2015
Gold (100 grams) February 2015, March 2015, April 2015, May 2015, June 2015, July 2015, August 2015, September 2015, October 2015, November 2015 and December 2015
Bajra February 2015, March 2015, April 2015, May 2015, June 2015, July 2015, October 2015, November 2015 and December 2015
30th January, 2015
Gold and Silver Forward contracts – Non-transferable Specific Delivery (NTSD) and Transferable Specific Delivery (TSD) at Fixed Price
4th February, 2015
Sugar S April 2015, May 2015, June 2015, July 2015, August 2015, September 2015, October 2015, November 2015 and December 2015
13th March, 2015
Shankar Kapas October 2015, November 2015 & December 2015 and permission for trading on continuous basis was also granted for the contracts expiring in October, November, December, January, February, March and April
26th March, 2015
NMCE, Ahmedabad
Rubber, Castor seed, Chana, Isabgul, Jute, Sacking, Copra, Pepper, Coffee, Rapeseed, Cardamom, Tea, Sugar, Guar seed, Guargum, Onion, Jeera, Ginger, Garlic, Potato, Wheat, Soyabean, Cotton
January 2015 – December 2015 30th January, 2015
COC, Hapur
Mustard seed July 2015 and October 2015 16th March, 2015
IPSTA, Kochi
Pepper-MG 1 July 2015, August 2015 and September 2015
16th March, 2015
32
Annexure V Details of capacity building programmes
Sr. Nos
Name of the Institute/Agricultu
re University
Dates of the programme conducted
Venue of the programme Conducted
Category of participants
1 NABCONS, Mumbai
6-7th Jan.2015
Andhra Pradesh
Bankers
2 IIPM, Bangalore 22-23rd Jan.2015
Karnataka, Bangalore
Graduation & Research scholars at Univ. of Agri., management and other edu. Inst. across the country.
3 VAMNICOM, Pune 12-13th Jan.2015
Inst.campus Pune, Maharashtra
Sr. executives/ managers/ officers from coop. banks viz. SCB’s, DCCBs UCBs
4 Birsa Agricultural University, Ranchi
16-17th Jan.2015
Ranchi, Jharkhand
For scientists, KVK scientists, Dept. officials and bankers
5 Acharya N.G. Ranga Agri. Univ. Hyderabad
6-7th Jan.2015
Hyderabad, Univ. campus, A.P.
For Faculty specialised in finance related areas working in MBA colleges located in twin cities of Hyd. and Secunderabad
6 ICM, Jaipur 7-8th Jan.2015
Jaipur, Rajasthan
Assistant Managers of PACS
7 ICM, Jaipur 9-10th Jan.2015
Jaipur, Rajasthan
Sr. Managers of Sale & Purchase Coop. committee
8 IGICM, Lucknow 19-20th Jan.2015
Lucknow, U.P.
Managers of state Agri. Mktg. Fed.
9 University of Agricultural Science, Raichur, Karnataka
19-20th January, 2015
Univ. campus Scientists of KVK, Agri. Univ. & officers of Dept. of Agri.
10 University of Agricultural Science, Raichur, Karnataka
21-22nd January, 2015
Univ. campus Progressive farmers & Agri. entrepreneur
11 Jharkhand Police, Department, Ranchi
27th January, 2015
Dhanbad Police officers of the rank of Superintendent of Police, DSP and Inspector of police from different districts of Jharkhand
12 VAMNICOM, Pune 22-23rd Jan.2015
Jagannath Puri Orissa
Chairman/ BOD & progressive farmers from coop. banks/sugar coop.& commodity boards/ fed. viz. rubber board, tea board, coffee board & oilseeds fed./ soc.
13 NABCONS, Mumbai
19-20th Jan.2015
Kerala Agri. Univ., Marketing Coop. soc.
14 NABCONS, Mumbai
19-20th Feb.2015
Bihar, Patna Banks, officers of public sector banks, RRBs & SCBs
15 NABCONS, Mumbai
5-6th Feb.2015
Mizoram (NER)
Agri. Univ., Marketing Cooperative societies
16 NIAM, Jaipur 27-28th Feb.2015
Jharkhand, Ranchi
Officers of APMC/KUM
17 NIAM, Jaipur 27-28th Feb.2015
Orissa, Bhubaneswar
Officers of APMC/KUM
18 NIAM, Jaipur, 24-25th Feb.2015
Punjab, Chandigarh
Officers of APMC/KUM
19 IIPM, Bangalore 26-27th Feb.2015
Karnataka, Bangalore
Exporters, Traders & Producers/Produces Ass. Members
20 VAMNICOM, Pune 23-24th Feb.2015
Inst. Campus, Pune, Maharashtra
Board members of coop. Mktg. soc. & APMC, sr. officers of coop. mktg. Soc. Fed., APMC’s spices board/ rubber
33
Sr. Nos
Name of the Institute/Agricultu
re University
Dates of the programme conducted
Venue of the programme Conducted
Category of participants
board, tea board, coffee board & progressive farmers from coop. mktg. soc. &APMC
21 ICM, Jaipur 9-10th Feb.2015
Jaipur, Rajasthan
Sr. Managers of Sale & Purchase Coop. committee
22 MICM, Bhubaneshwar
24-25th Feb.2015
Bhubaneshwar, Orissa
Secretaries/officers of Central Coop. Banks
23 MICM, Bhubaneshwar
26-27th Feb.2015
Bhubaneshwar, Orissa
Officers of OSAM board/secy. of RMC
24 NABCONS, Mumbai
27-28th Feb.2015
Meghalaya (NER)
Marketing Federations of APMC
25 NABCONS, Mumbai
25-26th Mar. 2015
Jammu & Kashmir
Bankers
26 NABCONS, Mumbai
26-27th Mar. 2015
Uttrakhand Bankers
27 NABCONS, Mumbai
20-21st Mar. 2015
Orissa Marketing Federations of APMC
28 NABCONS, Mumbai
13-14th Mar. 2015
Punjab Marketing Federations of APMC
29 NABCONS, Mumbai
19-20th Mar. 2015
Rajasthan Marketing Federations of APMC
30 NABCONS, Mumbai
6-7th Mar.2015
Tripura (NER) Agri. Univ., Marketing Cooperative societies
31 NABCONS, Mumbai
9-10th Mar. 2015
Assam (NER) Bankers
32 IIT, Kharagpur 9-10th March, 2015
W.B. IIT, Kharagpur
faculty members and research scholars pursuing teaching & research in commodity derivatives
33 NIAM, Jaipur 10-11th Mar. 2015
Bihar, Patna State & Central Govt. officers
34 NIAM, Jaipur 18-19th Mar. 2015
Uttrakhand, Dehradun
State & Central Govt. officers
35 NIAM, Jaipur, (NER)
2-3rd Mar.2015
Arunachal Pradesh, Itanagar
State & Central Govt. officers
36 BIRD, Lucknow 9-10th Mar. 2015
Central zone- U.P., M.P. Chattisgarh- at Lucknow, U.P.
Senior/middle level officers from banks (RRBs/ Coop. banks/ commercial banks), producers Groups/ companies, com. boards, promoting producers org. etc.
37 TNAU, Coimbatore 11-12th Mar. 2015
Horticultural Res. Station, Ooti, T.N.
Scientists, Students, Agricultural Extension and Officials
38 VAMNICOM, Pune 18-19th Mar. 2015
Goa, Panaji Chairman/ BOD & progressive farmers from coop. banks/sugar coop.& commodity boards/ fed. viz. rubber board, tea board, coffee board & oilseeds fed./ soc.
39 Govt. of Arunachal Pradesh NER
4-5th March, 2015
Banquet hall,Itanagar, NER, Arunachal Pradesh
Bankers
40 Govt. of Arunachal Pradesh NER
2-3rd Mar. 2015
Itanagar, NER,
Mktg. Dept. officials
34
Sr. Nos
Name of the Institute/Agricultu
re University
Dates of the programme conducted
Venue of the programme Conducted
Category of participants
Arunachal Pradesh
41 NSRICM, Kalyani 2-3rd March, 2015
Agartala, Tripura NER
Cooperative officers of Tripura
42 ICM, Jaipur 3-4th March, 2015
Jaipur, Rajasthan
Students of Indian Rural Management
43 S.K. Rajasthan Agri. Univ. Bikaner
20-21st Mar.2015
Univ.campus,Bikaner, Rajasthan
For Students and Staff of the University
44 Punjab Agri. Univ., Ludhiana
27-28th Mar.2015
Univ.campus, Ludhiana, Punjab
For KVKS and other Agricultural Scientists
45 MANAGE, Hyderabad
12-13th Mar.2015
UAS, Dharwad
Faculty of Agricultural Economics, Department of States Agricultural Universities and Scientists of KVKs under ICAR system and the senior officers of Department of Agriculture and other line Department of various states
46 TOPIC, Gurgaon 4-5th Mar.2015
Gurgaon Coop. Trainers & Dev. officers & officers of state coop. Dept.
35
Annexure VI
State-wise details of awareness programmes
Name of States Farmers Others Total Andhra Pradesh 8 8 16 Arunachal Pradesh 12 2 14 Assam 16 3 19 Bihar 4 4 Chandigarh Chhattisgarh 9 9 Delhi 2 2 Goa Gujarat 64 25 89 Haryana 10 10 Himachal Pradesh Jammu & Kashmir 11 8 19 Jharkhand 4 4 Karnataka 15 10 25 Kerala 15 4 19 Madhya Pradesh 1 13 14 Maharashtra 12 11 23 Manipur 1 1 Meghalaya Mizoram 1 1 Nagaland 1 4 5 Odisha 5 5 10 Pondicherry 1 1 Punjab 1 1 Rajasthan 1 11 12 Sikkim 1 1 Tamil Nadu 1 8 9 Telangana 1 2 3 Tripura 2 3 5 Uttar Pradesh 7 16 23 Uttrakhand 2 2 West Bengal 15 15
TOTAL 184 172 356