GOVERNMENT OF INDIA

FORWARD MARKETS COMMISSION

MINISTRY OF CONSUMER AFFAIRS

FOOD AND PUBLIC DISTRIBUTION
DEPARTMENT OF CONSUMER AFFAIRS

ANNUAL REPORT 2010-11

EVEREST, 3RD FLOOR. 100, MARINE DRIVE,

MUMBAI 400 002

OCTOBER 2011
 CONTENTS

Chapter No. Contents Page No

I Introduction 1
II Developments in the Commodity Derivative 12
Market
III Commodity Futures Market in 2010-11 – A 22
Review
IV Action Against Illegal Forward Trading 43
V Administration and Budget 46

ANNEXURES

Annexure Details Page. No

No.
I List of Commodities Notified Under Section 15 50
of the F. C. (R.) Act, 1952.
II List of Exchanges. 51
III-A Trading Permissions Granted to the National 53
Exchanges.
III-B Trading Permissions Granted to the Regional 57
Exchanges.
IV Open Interest Limits in Agri commodity 61
contracts.
V Open Interest Limits in Non-Agri commodity 62
contracts.
VI Guidelines for fixation of Due Date Rate for 63
commodity specific (Regional) exchanges.
VII-A Details of Awareness Programmes. 64
VII-B State wise summary of awareness programmes 98
VIII Details of Capacity Building Programmes 99
 CHAPTER 1
Commodity Futures Markets
INTRODUCTION
History:

1.1 The commodity futures market in India dates back to more than a century. The first
organized futures market was established in 1875, under the name and style of 'Bombay Cotton
Trade Association' to trade in cotton derivative contracts. This was followed by institutions for
futures trading in oilseeds, foodgrains, etc. The futures market in India underwent rapid growth
between the period of First and Second World Wars. As a result, before the outbreak of the
Second World War, a large number of commodity exchanges trading futures contracts in several
commodities like cotton, groundnut, groundnut oil, raw jute, jute goods, Castorseed, wheat, rice,
sugar, precious metals like gold and silver were flourishing throughout the country. In view of the
delicate supply situation of major commodities in the backdrop of war efforts mobilization,
futures trading came to be prohibited during the Second World War under the Defence of India
Act. After independence, especially in the second half of the 1950s and first half of 1960s, the
commodity futures trading again picked up and there were thriving commodity markets.
However, in mid-1960s, commodity futures trading in most of the commodities came to be
banned and futures trading continued only in two minor commodities, viz, pepper and turmeric.
In the 1980s, the futures trading in some commodities like potato, Castorseed, and gur (jaggery)
was permitted. In 1992, futures trading in hessian were permitted; in April 1999 futures trading
in various edible oilseed complexes were permitted and in May 2001 futures trading in Sugar
were permitted. The National Agricultural Policy announced in July 2000 recognised the positive
role of forward and futures market in price discovery and price risk management. In pursuance
thereof, Government of India, by a notification dated 1.4.2003, permitted additional 54
commodities for futures trading. With the issue of this notification, prohibition on futures trading
has been completely withdrawn. The mechanism of forward trading has actually developed and
advanced considerably in the major trading nations of the world, like USA, UK, France, Japan,
etc. In these countries, forward trading has been permitted in many new items/services including
financial futures, shipping freights and interest rates etc. In comparison, commodity futures
markets in India are much simpler and are at present dealing in single futures contracts in
commodities.

Economic Functions:

1. 2 In a free market economy, Futures trading performs two important economic functions,
viz., price discovery and price risk management. Such trading in commodities is useful to all
sectors of the economy. The forward prices give advance signals of an imbalance between
demand and supply. This helps the government and the private sector to make plans and
arrangements in a shortage situation for timely imports, instead of having to rush in for such
imports in a crisis-like situation when the prices are already high. This ensures availability of
adequate supplies and averts spurt in prices. Similarly, in a situation of a bumper crop, the early
price signals emitted by futures market help the importers to defer or stagger their imports and
exporters to plan exports, which avoid glut situations and ensures remunerative prices to the
producers. At the same time, it enables the importers to hedge their position against commitments
made for import and exporters to hedge their export commitments. As a result, the export
competitiveness of the country improves.

Benefits to the farmers and other stakeholders:

1. 3 Farmers and growers also benefit through the price signals emitted by the futures markets
even though they may not directly participate in the futures market. The futures markets, through
advance price discovery lead to a shift in sale-purchase patterns during harvest and lean seasons

1
and thereby facilitate reduction in the amplitude of seasonal price variation and help the farmer
realize somewhat better price at the time of harvest. These price signals help the farmer in
planning his cultivation in advance as well as to determine the kind of crop which he should
prefer to raise. These signals also help him in fine tuning his marketing strategy after the harvest.
Empowered with the price information, the farmer is able to avoid excess sale immediately after
the harvest and is also able to bargain for better prices from trade in the mandi. By providing the
manufacturers and the bulk consumers a mechanism for covering price-risks, the futures market
induces them to pay higher price to the producers, as the need to pass on the price-risk to farmers
is obviated. The manufacturers are able to hedge their requirement of the raw materials and as
also their finished products. This results in greater competition in the market and ensures viability
of the manufacturing units.

Suitability of a commodity for futures trading:

1.4 Futures trading can be organized in those commodities/ markets which display some
special features. The concerned commodity should satisfy certain criteria as listed below:

a) the commodity should be homogenous in nature, i.e., the concerned commodity

should be capable of being classified into well identifiable varieties and the price of
each variety should have some parity with the price of the other varieties;
b) the commodity must be capable of being standardized into identifiable grades;
c) supply and demand for the commodity should be large and there should be a large
number of suppliers as well as consumers;
d) the commodity should flow naturally to the market without restraints either of
government or of private agencies;
e) there should be some degree of uncertainty either regarding the supply or the
consumption or regarding both supply and consumption,
f) the commodity should be capable of storage over a reasonable period of time.
Participants in the Commodity Futures Markets:

1. 5 There are three broad categories of participants in the futures markets, namely, hedgers,
speculators and arbitrageurs. Hedgers are those who have an underlying interest in the specific
delivery or ready delivery contracts and are using futures market to insure themselves against
adverse price fluctuations. Examples could be stockists, exporters, producers, etc. They require
some people who are prepared to accept the counter-party position. Speculators are those who
may not have an interest in the ready contracts, i.e., the underlying commodity, etc. but see an
opportunity of price movement favourable to them. They are prepared to assume the risk which
the hedgers are trying to transfer in the futures market. They provide depth and liquidity to the
market. While some hedgers from demand and supply side may find matching transactions, they
by themselves cannot provide sufficient liquidity and depth to the market. Hence, the speculators
who are essentially expert market analysts take on the risk of the hedgers for future profits and
thereby provide a useful economic function and are an integral part of the futures market. It
would not be wrong to say that in the absence of speculators, the market will not be liquid and
may at times collapse. Arbitrageurs are those who make simultaneous sale and purchase in two
markets so as to take benefit of price imperfections. In the process they help, remove the price
imperfections in different markets, For example, the arbitrageurs help in bringing the prices of
contracts of different months in a commodity in alignment.

System of Regulation of Forward Trading:

1.6 Regulation of forward trading is done through a three tier regulatory structure, viz., the
Central Government, Forward Markets Commission and the Recognized Commodity Exchanges
/ Associations.

2
 • The Central Government has the powers to legislate on the subject of forward trading
in commodities. Presently, the subject is dealt with by the Ministry of Consumer
Affairs, Food and public Distribution in the Central Government. The Central
Government broadly determines the policy relating to areas such as identification of
commodities as well as the territorial area in which futures / forward trading can be
permitted and giving recognition to the Exchange / Association through which such
trading is to be permitted.
• The Forward Markets Commission performs the role of approving the Rules and
Regulations of the Exchange accordance to which trading is to be conducted, accords
permission for commencement of trading in different contracts, monitors market
conditions continuously and takes remedial measures wherever necessary.
• The Recognized Exchange / Associations provide the framework of Rules and
Regulations for conduct of trading, indicate the place where the trading can be
conducted, report, record, execute & settle contracts, provide forum for exchange of
documents and payments, etc.

Forward Contracts (Regulation) Act:

1. 7 The Commodity Future Markets are regulated according to the provisions of Forward
Contracts (Regulation) Act 1952. The Act broadly divides commodities into 3 categories, i.e.
commodities in which forward trading is prohibited, commodities in which forward trading
is regulated and residuary commodities. Under Section 17 of the FC(R) Act, 1952, the
Government has powers to notify commodities, in which forward trading is prohibited in whole
or part of India. Any forward trading in such commodities in the notified area is illegal and any
person who contravenes the provisions of section 17 shall be liable to penal action. Under
Section 15, Government has powers to notify commodities in which forward trading is regulated
as also the area in which such regulation will be in force. Once a commodity is notified under
section 15, the forward trading in such contracts (other than Non-transferable Specific Delivery
Contracts) can be entered into only between members of the recognized association or through or
with any such member. Contracts other than these are illegal. Section 6 of the Act provides
powers to the Central Government to grant recognition to an association for organizing forward
contracts in the commodity which is notified under Section 15. Such recognition may be for a
specified period or may remain in force till revoked under Section 7 of the Act. Section 18(1)
exempts the Non-Transferable Specific Delivery Contracts from the purview of regulation.
However, under Section 18(3) of the Act, the Government has powers to prohibit or regulate the
non-transferable specific delivery contracts in commodities also by issue of a notification. Such
notifications may apply for the whole of the country or the specified part of the country. Trading
in commodities where non-transferable specific delivery contracts are prohibited is illegal and
any person who does such illegal trading shall be liable to penal action. Trading in non-
transferable specific delivery contracts in respect of regulated commodities has to be through
recognized associations just as in the case of other forward contracts. The commodities that are
notified neither under section 15 nor under section 17 of the Act are in common parlance referred
to as free commodities. For organized forward trading in such commodities, the concerned
Association or Exchange has to get a certificate of registration under Section 14B of the Act from
the Forward Markets Commission.

1. 8 The Act defines three types of contracts i.e. ready delivery contracts, forward contracts
and options in goods.

1.8.1 Ready delivery contracts are contracts for delivery of goods and payment of price
therefor where both the delivery and payment are completed within 11 days from the date of the
contract. Such contracts are outside the purview of the Act.

1.8.2 Forward Contracts, on the other hand, are contracts for delivery of goods where

3
delivery or payment or both takes place after 11 days from the date of contract or where the
contract is performed by any other means as a result of which actual tendering of goods for the
payment of the full price therefor is dispensed with.

1.8.3 The forward contracts are further of two types, viz., specific delivery contracts and
'other than specific delivery contracts'. The specific delivery contracts are those where
delivery of goods is mandatory though delivery takes place after a period longer than 11 days.
Specific delivery contracts are essentially merchandising contracts entered into by the parties for
actual transactions in the underlying commodity and terms of contract may be drawn to meet
specific needs of parties as against standardized contracts like terms in futures contracts.

1.8.4 The specific delivery contracts are again of two sub-types viz., the transferable variety
where rights and obligations under the contracts are capable of being transferred and the non-
transferable variety where rights and obligations are not transferable.

1.8.5 Forward contracts other than specific delivery contracts are what are generally known as
'futures contracts' though the Act does not specifically define the futures contracts. Such
contracts can be performed either by delivery of goods and payment thereof or by entering into
offsetting contracts resulting into payment or receipt of amount based on the difference between
the rate of entering into contract and the rate of offsetting contract. Futures contracts are usually
standardized contracts where the quantity, quality, date of maturity, place of delivery are all
standardized and the parties to the contract only decide on the price and the number of units to be
traded. Futures contracts are entered into through the Commodity Exchanges.

1.8.6 ‘Options’ in goods means an agreement, by whatever name called, for the purchase or
sale of a right to buy or sell, or a right to buy and sell, goods in future and includes a put, a call, or
a put and call in goods. Options in goods are prohibited under the present Act. An option
contract is the right (but not the obligation) to purchase or sell a certain commodity at a pre-
arranged price (the "strike price") on or before a specified date. For this contract, the buyer or
seller of the option has to pay a price to his counterpart at the time of contracting, which is called
the "premium; if the option is not used, the premium is the maximum cost involved. When prices
move unfavorably, this right will not be exercised, and therefore, the purchase of options provides
protection against unfavourable price movements, while permitting to profit from favourable
ones. Option can give the right to buy or sell a certain amount of physical commodity, or, more
commonly, they can give the right to buy or sell a futures contract.

1.9 Working of Forward Markets Commission:

1.9.1 Forward Markets Commission is a statutory body set up under Forward Contracts
(Regulation) Act, 1952. The Commission functions under the administrative control of the
Ministry of Consumer Affairs, Food & Public Distribution, Department of Consumer Affairs, and
Government of India. The functions of the FMC are dealt with in section 4 of the Forward
Contracts (Regulation) Act, 1952 [F.C(R) Act, 1952] which is given below:

i. to advise the Central Government in respect of the recognition of, or the withdrawal of
recognition from any association or in respect of any other matter arising out of the
administration of the FC(R) Act, 1952.
ii. to keep forward markets under observation and to take such action, in relation to them as
it may consider necessary, in exercise of the powers assigned to it by or under the FC(R)
Act, 1952.
iii. to collect and whenever the Commission thinks it necessary, publish information
regarding the trading conditions in respect of goods to which any of the provisions of this
Act is made applicable, including information regarding supply, demand and prices and
to submit to the Central Government periodical reports on the operation of the Act, and
the working of forward markets relating to such goods.

4
 iv. to make recommendations generally, with a view to improving the organization and the
working of forward markets.
v. to undertake the inspection of the accounts and other documents of (any recognized
association or registered association or any member of such association) whenever, it
considers it necessary and
vi. to perform such other duties and exercise such other powers as may be assigned to the
Commission by or under the FC(R) Act, 1952 or as may be prescribed.
1.9.2 Section 4A of the FC (R) Act, 1952 deals with the powers of the Commission which
are as follows:

The Commission have all the powers of a civil court under the Code of Civil Procedure
1908 (5 of 1908) while trying a suit in respect of the following matters:
● Summoning and enforcing the attendance of any person and examining him on
oath;
● Requiring the discovery and production of any documents;
● Receiving evidence on affidavits;
● Requisitioning any public record or copy thereof from any office;
● Any other matter which may be prescribed.

1.9.3 The Commission, thus, is a statutory authority entrusted with regulatory functions under
the Act. The Commission consists of a Chairman and two members. Presently, Shri. Ramesh
Abhishek, IAS is officiating as the Chairman of the Commission. Shri. D. S. Kolamkar, IES is the
Member of the Commission. It has its headquarters at Mumbai and a Regional Office at Kolkata.
Forward Markets Commission has 5 Divisions to carry out various tasks. These Divisions were
formed on 1st August 2005 in order to streamline the work on a functional basis.

i) Markets, Trading and Development (Market Division)

ii) Market Intelligence, Monitoring & Surveillance ( M & S Division )
iii) Awareness, Training and Intermediary Registration and IT
(IR Division)
iv) Investigation, Vigilance and Legal Affairs (Legal Affairs Division)
v) Commission Secretariat including HR, Administration and Finance, Grievances
(Administration Division)

Each Division is headed by a Director, assisted by Deputy Directors, Assistant Directors,

Economic Officers and Junior Research Assistants.
COMMISSION

Division – I Division – II Division – III Division-IV

Division of Market Investigation, Division V
Awareness, Commission
Markets, Intelligence, Training and Vigilance and
Trading and Monitoring & Legal Affairs Secretariat
Intermediary including HR,
Development Surveillance Registration Division
(Market (M& S (Legal Affairs Administratio
and IT n & Finance
Division ) Division) Division)
Grievances
(ADM
Division)

Regulatory Tools:

5
1.10 Futures trading has the risk of being misused by unscrupulous elements. In order to
safeguard the market against such elements, regulatory measures as under are prescribed by the
Forward Markets Commission:-

(a) Limit on open position of an individual operator as well as member, to prevent over
trading;
(b) Limit on daily price fluctuation, to prevent abrupt upswing or downswing in prices;
(c) Additional Margins payable on outstanding purchases and sales to contain high
volatility in prices;
(d) Special margin deposits to be collected on outstanding purchases or sales, to curb
excessive concentration of position;
(e) During times of shortages, the Commission may even take more stringent steps like
skipping trading in certain deliveries of the contract, closing the markets for a
specified period and even closing out the contract to overcome emergency
situations.

1.11 Major Initiatives taken by the Government / Commission since liberalization of the
market.

Prohibition on futures trading lifted in all the commodities on 1st April 2003.

Three Multi-Commodity electronic Exchanges, i.e., National Multi Commodity

Exchange, Ahmedabad (10.1.2003), Multi Commodity Exchange, Mumbai (26.9.2003)
and National Commodity and Derivative Exchange, Mumbai (20.11.2003) were granted
recognition as 'National' Exchanges during 2003.

Fourth National Exchange viz. Indian Commodity Exchange Limited (ICEX) was
granted recognition on the 9th October 2009 on permanent basis.

On 14th May 2008, the Commission issued guidelines on setting up of new National
Multi Commodity Exchanges to further strengthen the infrastructure in Commodity
Derivative Market. Inter alia, it prescribed the framework for share holding pattern of a
new National Multi Commodity Exchang e. A fifth National Exchanges namely, ACE
Commodity and Derivative Exchanges was granted recognition on 10.8.2010. ACE
became a National Exchange by upgrading itself from a Regional Exchange.

Improvement of Regulatory Framework and Re-structuring of Forward Markets

Commission. The F.C (R) Act enacted in 1952 does not fully meet the regulatory needs
of a modern electronic market. Hence, the regulatory framework needs to be overhauled
to bring it on par with those of similar regulators like SEBI, etc. and also to restructure
and strengthen the Forward Markets Commission to meet the regulatory challenges.
Hence, a Bill proposing amendments to F.C (R) Act has been introduced in the
Parliement which, inter alia, provides for –
• Defining forward contract so as to include other commodity derivatives, and
defining of intermediaries, etc.
• Revised composition and mandate of FMC.
• Financial and administrative autonomy of the Commission so as to provide for
recruitment of its officers and its employees, management of the affairs to vest
with the Chairman, accounts and audits, and creation of an ‘FMC General Fund’
to which all receivables except penalties will be credited. The FMC General
Fund shall be used for the management of the affairs of the Commission and to
enforce the provisions of the F.C(R) Act, 1952.
• Levying of fees on intermediaries to finance the Commission’s activities.

6
 • Allowing trading of options and other derivatives in goods.
• Provide for corporatisation and demutualization of commodity exchanges.
• Strengthening the penal provisions.
• Constitution of Forward Markets Appellate Tribunal.
• Provision for grant by the Central Government to meet transitional financial
needs of FMC.

1.12 Major Initiatives taken by Forward Markets Commission during 2010-11.

• The Commodity Futures Market has witnessed rapid growth since the opening of
the market in 2002. National Commodity Exchanges have completed 7 years of
their operation in Commodity Derivatives market. The Commission from time to
time reviewed the market and suggested some amendments to the bye-laws of the
Exchanges; issued guidelines and directives to these Exchanges for better
governance, transparency and investor confidence.
• Notified ‘Iron Ore’ u/s 15 of the Forward Contracts (Regulation) Act, 1952 vide
notification dated 29th September, 2010.
• The Government amended the guidelines on the equity structure of Multi
Commodity Exchanges to be adopted after completing five years of their
operation. With this amendment, any single Stock Exchange along with the
persons acting in concert shall not hold more than 5% of the subscribed and paid
up equity capital of the said National Exchange.
• Amended guidelines for granting recognition to new Commodity Exchanges
under the Forward Contracts (Regulation) Act, 1952 putting restriction on
sharholding of single stock exchange to 5% of the subscribed and paid up equity
capital of national commodity exchange. The cumulative shareholding of Stock
Exchanges in the relevant National Commodity Exchange shall not be more than
10%.
• Issued guidelines for members of the Commodity Exchanges on 21st June 2010
for setting up Joint Ventures/ wholly owned subsidiaries abroad.
• In order to streamline regulation of intermediaries, the Commission issued
directives to the Exchanges to discontinue the system of sub-brokers and switch
over to the system of Authorised Person (AP), for giving market access to clients
trading in these markets through APs.
• To ensure market and financial integrity, the Commission issued directives to the
National Exchanges not to allow execution of trades without uploading the
Unique Client Code (UCC) details.
• Issued revised directives to the exchanges exempting delivery margins for the
market participants who have moved their goods to the Exchange warehouse.
• Issued revised directives to the National Exchanges for fixing the price limit on
the first day of the contract.
• Issued Directives on fixing Price limit on the first day of new contracts.
• Issued guidelines on fixation of Due Date Rates.
• On the recommendations of the Forward Markets Commission, the Ministry of
Consumer Affairs, Food and Public Distribution, Government of India, vide
Notification dated 10th August 2010, granted recognition to the Ahmedabad
Commodity Exchange, now rechristened as ACE Derivatives & Commodity
Exchange Limited (ACE) as a Nationwide Multi Commodity Exchange on
permanent basis in respect of forward contracts in all the commodities to which
Section 15 of the Forward Contracts (Regulation) Act, is applicable. With the
grant of recognition to this exchange the total number of national exchanges has
become Five. These exchanges can offer futures contracts in all the commodities
subject to the approval of the Commission. Besides these, 16 other exchanges
generally referred to as Regional Exchanges, are recognized for futures trading in

7
 specific commodities.
• The Central Government granted in-principle approval to the Universal
Commodity Exchange Limited (UCX), Mumbai, on 25th August 2010 as a
Nationwide Multi Commodity Exchange, subject to the fulfilling of
commitments made / undertakings given to the Commission within the stipulated
time.

1.13 Collaboration with International Regulators:

In order to strengthen co-operation with international regulators, the FMC took steps for
collaborating with regulators in other countries. FMC is also an associate member of IOSCO, an
international organization of Security and Commodities Market Regulators. In addition, FMC has
also signed Memorandum of Understanding with the United States Commodity Futures Trading
Commission (USCFTC) and the China Securities Regulatory Commission (CSRC). The
Commission, in January 2010, had signed MOU with the Commissao de Valores Mobiliarios –
CVM (Securities and Exchange Commission of Brazil), Brazil.

1.14 Developmental Initiatives taken by Forward Markets Commission

The Commission has taken the following steps in recent years to ensure that the markets
are broad based and its benefits reach all the stakeholders of the Commodity Markets.
• Increasing the awareness level of different categories of stakeholders
especially farmers to make them aware of the existence of as well as benefits
from the futures markets, sensitization of policy makers and capacity building
in the commodity sector.
• Working on various models of “Aggregation” to enable the farmers to take the
benefit of actual hedging on the Commodity Exchanges to manage their price
risks.
• Working on a project of Price Dissemination through APMCs and other centers
to empower the farmers with price information.
• Meeting with various stakeholders to understand their difficulties, problems
and felt needs so as to align/ design policies to feasible/ desirable objectives.

1.14.1. Creation of Awareness:

Creation of awareness amongst the farmers, related bodies and organizations including
the ones which could be potential hedgers / aggregators and other market constituents has been
one of the major activities of the Commission. During 2010-11, 829 awareness programmes were
organized for various stakeholders of the commodity futures market. Of this, 486 programmes
were held exclusively for farmers. In the previous year, (2009-10) 515 awareness programmes
were held, of which 423 were exclusively for the farmers. The programmes were conducted at
different locations all over the country. These awareness programmes were attended by different
category of market participants ranging from farmers, traders and members of Commodity
exchanges to bankers, cooperative personnel staff and students of Universities, Government
functionaries, warehouse professionals, agricultural extension workers, makers etc. These
awareness programmes have resulted in creating awareness among the various constituents about
commodity futures trading and the benefits thereof. The programmes were organized in
association with various organizations/universities having connectivity with the farmers, viz.
agricultural universities, NABCONS , farmer cooperatives and federations, GSKs, National &
Regional Base Commodity Exchanges, etc.

1.14.2 Sensitization of officers involved in policy making for Agricultural Sector:

8
 Sensitization programmes have been organized by the Commission for senior State
Government and Central Government functionaries. During the year, sensitization programme
was organized at Noida Campus of IIM, Lucknow as against 5 programmes held in the previous
year. The objective of the programmes was to create awareness among the senior Central
Government and State Government officers from the Departments of Civil Supplies, Agriculture,
Cooperation, Marketing Federations, etc., about the concept and economic functions of the
futures market the possible role these can play to promote and facilitate participation by various
stakeholders, especially farmers, in the commodity futures market, and the use of price
information emanating from the futures market in their related policy making decisions.

1.14.3. Capacity Building /Training Programmes

FMC has been organizing training programmes for market constituents and their officers
as part of its capacity building endeavors. The capacity building efforts of the Forward Markets
Commission are meant to complement the awareness creation activities of the Commission.
Training on Commodity Futures Market is being imparted to policy makers, university staff,
students, extension workers, farmer federations, Cooperatives, banks and officers of agencies
working at the grass root level to enable them to educate market participants about the economic
significance of the market and means of participation in the market. Special training programmes
are being organized for trainers who may take up the responsibility of educating the farmers
about the futures market.

In the year 2010-11, FMC organized 79 capacity building programmes. The training
programmes, workshops and seminars were organized for the benefit of the functionaries of the
above organizations through various Institutes such as VAMNICOM, Pune; HAFED, Punjab
Agriculture University, Topic, Gurgaon, NIAM Jaipur; Pondicherry University, Tamil Nadu
Agricultural University, Coimbatore; Institute of Cooperative Management, Jaipur, NABCONS,
etc. Three Capacity Building Programmes were held for FMC officers and staff to strengthen
their capabilities in administration and regulation of market through Regional Training Centre,
Govt. of India Mumbai, Bombay Stock Exchange & Research Development Association, and
Jaipur. The programmes are expected to train functionaries of related organizations with a strong
rural presence and working directly or indirectly with farmers, so that the message of futures
market is taken to the grassroots- producers, processors and traders.

1.14.4 Promotion of commodity related education and developing a talent pool:

Due to the decline in number of persons having domain expertise over 2 generations on
account of ban on futures trading in the 1960s through the 1980s, at this juncture, the subject of
commodity futures trading is in a way a new subject in India. FMC and the Department of
Consumer Affairs had taken up the matter of introducing courses on Commodity Futures in
Universities and Management Institutes, with the Ministry of Human Resources Development,
Government of India.

The Commission is organizing awareness programmes for faculty and students of Agri-
university, management institutes of other colleges in the area of commodity future market to
create awareness and interest in the subject and also expose them to the employment opportunity
available in the sectors.

During 2009-10, the Commission provided summer internship to twelve students from
KIIT School of Management, Bhubaneswar, Orissa (2), the Indian Institute of Management,
Ahmedabad (IIM-A) (4), the IIT, Mumbai (1), the Department of Management Sciences,
University of Pune (1), Mahatma Gandhi Institute of Management, Sikar, Rajasthan (1) and N. L.
Dalmia Institute of Management Studies and Research, Mumbai (3).

9
1.14.5 International training/conferences/meetings

During the year 2010-11, the officers of the Commission and the officers of the
Department of Consumer Affairs were nominated for various international training programmes,
and also attended international conferences/ meetings organized by International Organisations/
Regulatory bodies like IOSCO, FIA, CFTC in different countries of the world.

1.14.6 Exhibitions :

The Forward Markets Commission, in association with the National Exchanges,

participated in the Indian Science Congress Expo at SRM University, Chennai from 3-7 January
2011.
The Commission, in association with the National Exchanges also participated in
AGROVISION 2011 organized at Nagpur from 4-7 March, 2011 by the Vidarbha Economic
Development Council (VEDC). The participation in these Exhibitions was by way of setting up a
stall on benefits of commodity futures market to farmers. The stall attracted a lot of visitors and
helped in removing the mis-perceptions about the functioning and the impact of the futures
market.
1.14.7 Meetings with Stakeholders

The Commission conducted various meetings with different category of stakeholders of

the futures market to take feed back from them to improve the functioning of the futures markets.
The inputs received during these meetings were utilized while framing the regulatory policies in
the Commission. During the year, five meetings were conducted. Four meetings for the benefit
of Arbitrators of the national exchanges and one meeting for the Aggregators.

1.14.8 Aggregation Model for Farmers’ participation:

The Commission is making efforts through the National Exchanges to develop a model of
“aggregation”, so that various agencies, viz. Cooperatives, Farmers’ Associations, State
Marketing Federations, Non-Government Organizations and Banks would be able to act as
Aggregators and take consolidated positions on behalf of groups of farmers to facilitate their
hedging operation and transfer the benefit of futures trading to them. The Commission has also
taken up the issue with representatives of major cooperatives, marketing federations, NGOs,
Banks and other organizations having requisite domain knowledge and experience to act as an
interface and facilitator between the farmers and the futures market.

1.14.9 Project for Price Dissemination:

The Forward Markets Commission has, in association with the Commodity Exchanges,
initiated a process of dissemination of futures and spot prices of agricultural commodities at
various mandis, under the AGMARKNET. The FMC proposes to extend the project to post
offices, rural branches of the Banks, warehouses, offices of cooperatives and other areas
frequented by the farmers. The dissemination of price information is expected to help various
hedger groups, especially farmers, in their pre-sowing and post harvest decision making process
and hedging their price risks in the market. The project for dissemination of spot and futures
prices in agricultural commodities of relevance to particular States / areas / mandis is being
implemented in consultation with AGMARK. As on 31-03-2011, Price Ticker Boards have been
installed in 768 mandis spread across 23 States. During the year 2010-11, price ticker boards
were installed in 588 (including 33 in the North East Region) Mandis spread across 23 States. In
the previous year (2009-10), price ticker boards were installed in 183 mandis spread across 14
states.

10
 It is proposed to install electronic price ticker Boards (conventional as well as GPRS
based) in 900 locations in the country during the year 2011-12. As there are insufficient APMCs
/ Mandis available for coverage under the project, the project is proposed to be extended to other
locations such as rural branches of commercial banks, branches of regional rural banks, co-
operative societies, agricultural universities and rural branches of post offices. The project is also
proposed to be extended to locations such as Panchayat Offices and small market yards which
may not have the requisite infrastructure capabilities for hosting the electronic price ticker boards.
In addition to this, price tickers of the commodity exchanges are run during news telecasts on
Doordarshan. Besides, future prices discovered in the Exchanges are published in newspapers,
displayed in railway stations and bus stands. Thus, the opacity of prices that existed earlier has
reduced considerably and conditions have been created for better integration of various spot
markets across the nation.

1.15 Inspection of books of accounts of Exchanges and their members:

The Commission has been inspecting the books of accounts of the Exchange Members
particularly of 3 National level Commodity Exchanges, viz. MCX, Mumbai, NCDEX, Mumbai
and NMCE, Ahmedabad on a regular basis since 2006-07. During the F.Y. 2010-11, 280 new
audits of members of the National Commodity Exchanges were assigned. Besides, audit of 3
National Exchanges, 14 Regional Exchanges and 1 special audit was also assigned to the
Auditors.

CHAPTER - II

11
 DEVELOPMENTS IN THE COMMODITY DERIVATIVE MARKET 2010-11

2.1 During the year 2010-11, forward trading in 113 commodities, as given in Annexure I,
was regulated at the 5 National Exchanges, viz. Multi Commodity Exchange, Mumbai; National
Commodity and Derivatives Exchange, Mumbai, National Multi Commodity Exchange,
Ahmedabad, Indian Commodity Exchange, Gurgaon, and ACE Derivatives & Commodity
Exchange Limited (ACE). Besides, there are 16 regional exchanges recognized for regulating
trading in various commodities approved by the Commission under the Forward Contracts
(Regulation) Act, 1952. A list of Commodity Exchanges is given in Annexure II.

2.2 The National Exchanges, with the adoption of modern technology, have spread the facility
of commodity futures trading across the country. The total value of trade for the financial year
2010-11 was ` 119.49 lakh crore as against ` 77.65 lakh crore in the preceding financial year,
registering a growth of 53.88 %. Bullion, base metals, energy products and agricultural
commodities were the major group of commodities traded at the exchanges. Amongst these, gold,
silver, copper, lead, Nickel, zinc, chana, soy oil, guarseed and crude oil were prominent
commodities traded during the year. The resurgence of agriculture commodities in the commodity
futures platform seen in the year 2009-10 continued in 2010-11. The total value of trade in
agricultural commodities during the year was ` 14.56 lakh crore as against ` 12.18 lakh crore in
2009-10 indicates a growth of 19.54% over the year. During the period, future trading was
permitted in a new commodity “Iron Ore” at MCX, Mumbai & ICEX, and Mumbai.

2.3 During 2010-11, the Commission focused its activities on the regulation of futures trading
in commodities, spreading awareness amongst the various stakeholders through various
awareness and capacity building programmes and implementation of the Price Dissemination
Project at APMC Mandis. The Commission also took steps to promote the participation of
hedgers through a series of regulatory and developmental initiatives.

2.4 In the coming years, the priority of the Commission will be to consolidate the market;
strengthen regulation to generate confidence amongst the participants and keep the market free
from manipulation and abuses; increase awareness among the stakeholders especially the farmers;
empower the farmers with price information and identify, encourage and facilitate intermediaries
such as aggregators to facilitate the participation of farmers in the market for hedging.

2.5 The endeavor of the Commission has been to prevent market manipulation and ensure
market integrity, financial integrity and customer protection.

The important developments in the commodity derivative market during 2010-11 are
enumerated below:

2.6 Important Developments in the Commodity Derivative Markets:

2.6.1 During 2010-11, forward trading was regulated in commodities at 21 recognized

exchanges. The break up of the total value of commodities traded stood as under-
• Bullion - ` 54.94 lakh crore (45.98%).
• Base metals - ` 26.88 lakh crore (22.50%).
• Energy products - ` 23.11 lakh crore (19.34%).
• Agricultural commodities- ` 14.56 lakh crore (12.19%).

2.6.2 Out of 21 recognized exchanges, Multi Commodity Exchange (MCX), Mumbai, National
Commodity and Derivatives Exchange (NCDEX), Mumbai, National Multi Commodities
Exchange, (NMCE), Ahmedabad, Indian Commodity Exchange, Ltd., Gurgaon, ACE Derivatives
and Commodity Exchange, Ahmedabad, National Board of Trade (NBOT), Indore, contributed

12
99.84% of the total value of the commodities traded during the year.

2.6.3 The share of various Exchanges in the total value of trade in 2010-11.

Value of the recognized Exchanges during 2010-11

Name of the Exchanges Value in ` Cr. % share to the total
value of the
commodities traded
during 2010-11.
MCX 98,41,502.90 82.36
NCDEX, Mumbai 14,10,602.21 11.81
NMCE, Ahmedabad
2,18,410.90 1.83
ICEX, Gurgaon 3,77,729.88 3.16
ACE, Ahmedabad @ 30,059.63 0.25
NBOT, Indore 51,662.06 0.43
Total of six Exchanges
1,19,29,967.58 99.84
Others 18,974.77 0.16
Grand Total 1,19,48,942.35 100
@ Value is inclusive of the value of trade at Ahmedabad Commodity Exchange, Ahmedabad.

% share of the commodity exchanges to the

total value of trade during the year 2010-11
(April-March)
NBOT
ACE
ICEX 0.25% 0.43%
3.16% Others
NMCE 0.16%
1.83%

NCDEX
11.81%

MCX
82.36%

MCX NCDEX NMCE ICEX ACE NBOT Others

2.7 Regulatory initiatives taken by the Forward Markets Commission:

2.7.1 Grant of Recognition / Renewal of Recognition to the association / recognized

exchanges, grant of registration / renewal of registration to the recognized exchanges and
grant of permission to trade in commodities.

a) Grant of recognition to ACE:

On recommendations of the Forward Markets Commission, the Ministry of Consumer

Affairs, Food and Public Distribution, Government of India, vide Notification dated 10th August
2010, granted recognition to the Ahmedabad Commodity Exchange, after its upgradation in to a
National Exchanges under the nomenclature ACE Derivatives & Commodity Exchange Limited
(ACE) on a permanent basis in respect of forward contracts in all the commodities to which
Section 15 of the Forward Contracts (Regulation) Act is applicable.

13
b) Renewal of Recognition to the Recognised Exchanges:

During the year, on the recommendations of the Commission, the Government of India
also renewed the recognition of the following Associations / Exchanges.

Sr. Name of the Exchange Period of renewal of Recognition Date of

No. and the Commodities permitted Notification
1. National Board of Trade, 1st June, 2010 to 31st May, 2011 4th June,
Indore (Rapeseed/Mustardseed) 2010
2. National Board of Trade, 1st July, 2010 to 31st October, 2010 30th June,
Indore (Soybean Seed, Refined Soy Oil 2010
and Soy Meal.)
3. National Board of Trade, 1st November, 2010 to 28th 28th October,
Indore February, 2011 (Soybean Seed, 2010
Refined Soy Oil and Soy Meal)
4. Bikaner Commodity 20th January, 2011 to 31st March, 7th
Exchange Ltd., Bikaner 2012. (Guarseed) December,
2010
5. Central India Commercial 1 March, 2011 to 31 March, 2012 21st January,
st st

Exchange Ltd., Gwalior 2011

6. Rajdhani Oils & Oilseeds 1st March, 2011 to 31st March, 2012 21st January,
Exchange Ltd., Delhi (Rapessed/Mustardseed). 2011
7. National Board of Trade, 1 March, 2011 to 28 February, 28th
st th

Indore 2013.(Soybean, Refined Soy oil & February,

Soy meal) 2011
8. East India Jute & Hessian 1st April, 2011 to 31st March 2012. 21st March,
Exchange Ltd., Kolkata (TSD) in jute goods (Hessain and 2011
sacking).
9. East India Jute & Hessian 7th April, 2011 to 6th April, 2012. 21st March,
Exchange Ltd., Kolkata (Raw Jute (including mesta) 2011.
10. Meerut Agro Commodities 1st April, 2011 to 31st March 2012. 21st March,
Co. Ltd., Meerut (Gur) 2011.

c) Details of Grant/Renewal of Registration granted to the Recognised Exchanges.

The Commission, in pursuance of Section 14 B of the Forward Contracts (Regulation)

Act, 1952 (74 of 1952) granted Certificate of Registration to the ACE Derivatives and
Commodity Exchange Limited, Ahmedabad, which has been upgraded from commodity specific
Exchange to Nationwide multi-commodity exchange and recognized by the Government u/s 6 of
the FC (R) Act, 1952.

The Commission, in exercise of its powers conferred under Section 14(B) of the Forward
Contracts (Regulation) Act, 1952, extended the period of registration of the following
associations / Exchanges analogous to the period of recognition of the respective exchanges.

Sr. Name of the Exchange Period of renewal of Registration Date of Issue of

No. and the Commodities permitted Registration
1 Rajkot Commodity 15th March, 2010 to 14th March , 12th April , 2010
Exchange Ltd., Rajkot 2011.
(Soyabean Oil)
2 Rajkot Commodity 1st April, 2010 to 31st March, 2013. 13th April , 2010
Exchange Ltd., Rajkot (Castorseed)

14
Sr. Name of the Exchange
No.
3. Bikaner Commodity
Exchange Ltd., Bikaner
4. Surendrangar Cotton Oil &
Oilseeds Association
Ltd.,Surendranagar
5. National Board of Trade,
Indore
6. National Board of Trade,
Indore
7. National Board of Trade,
Indore
8. Bikaner Commodity
Exchange Ltd., Bikaner
9. Central India Commercial
Exchange Ltd., Gwalior
10. Rajdhani Oils & Oilseeds
Exchange Ltd., Delhi
11. National Board of Trade,
Indore
Period of renewal of Registration Date of Issue of
and the Commodities permitted Registration
20th January, 2010 to 19th January, 13th April, 2010
2011.(Guarseed)
1st April, 2010 to 31st March, 2011. 21st April, 2010
(Kapas)
1st July, 2010 to 31st October, 2010 8th July, 2010
(Soybean Seed, Refined Soy Oil
and Soy Meal )
1st June, 2010 to 31st May, 2011 8th July, 2010
(Rapessed/Mustardseed)
1st November, 2010 to 28th 9th November, 2010
February, 2011 (Soybean Seed,
Refined Soy Oil and Soy Meal)
20th January, 2011 to 31st March, 3rd January, 2011
2012. (Guarseed)
1st March, 2011 to 31st March, 2012 7th February, 2011
(Rapessed/Mustardseed).
1st March, 2011 to 31st March, 2012 3rd March, 2011
(Rapessed/Mustardseed).
1st March, 2011 to 28th February, 25th March, 2011
2013.(Soybean, Refined Soy oil &
Soy meal)

d) Grant of permission for futures trading in commodities:

During the year, the Commission granted permission for trading in commodities to the
recognized Associations/Exchanges as detailed in Annexure III(A) & (B).

e) In-principle approval for recognition to the Universal Commodity Exchange

Limited (UCX), Mumbai as a Nationwide Multi Commodity Exchange

On the recommendation of the Commission, on 13th August, 2010, the Ministry granted
in-principle approval to the Universal Commodity Exchange Limited (UCX) for setting up of a
new Nationwide Multi Commodity Exchange.
th
2.7.2 Amendments to the Guidelines dated 14 May 2008 for grant of recognition to new
Commodity Exchanges under the FC(R) Act.
th
The Ministry, on 16 June 2010 granted approval to the amendment to clause 5.3 (i) of
th
the Guidelines (dated 14 May 2008) for grant of recognition to new Commodity Exchanges
under the FC(R) Act 1952. With this amendment, any single Stock Exchange along with the
persons acting in concert shall not hold more than 5% of the subscribed and paid up equity capital
of the said National Commodity Exchange. The cumulative shareholding of Stock Exchanges in
the relevant National Commodity Exchange shall not be more than 10%.
th
2.7.3 Amendments to the Guidelines dated 29 July 2009 on the Equity Structure of the
Nationwide Multi Commodity Exchanges after five years of operation.

The Government, on 9th July 2010, granted approval to the amendment to clause 3.3 and
th
3.4 of the Guidelines (dated 29 July 2009) on the Equity Structure of the Nationwide Multi
Commodity Exchanges. With this amendment, after five years of operation, any single Stock
Exchange along with the persons acting in concert shall not hold more than 5% of the subscribed

15
and paid up equity capital of the said National Commodity Exchange. The cumulative
shareholding of Stock Exchanges in the relevant National Commodity Exchange shall not be
more than 10%. The said amendments were forwarded to the concerned National Exchanges on
16th July 2010, for their information and necessary action. The amended guidelines have also
been placed on the website of the Commission.

2.7.4 Permission / NOC to the MCX, Mumbai for its proposed IPO:

The Commission, on 22nd April 2010, granted permission / NOC to the Multi
Commodity Exchange of India Limited (MCX), Mumbai for its proposed IPO subject to certain
conditions and modification / revision in the Guidelines dated 29th July 2009 on the Equity
Structure of Nationwide Multi-Commodity Exchanges after five years of operation.

2.7.5 Transfer of equity shares

The Commission on 22nd September, 2010, granted approval to NCDEX, Mumbai for the
transfer of 26, 25,000 (twenty-six lakh twenty-five thousand) equity shares at ` 145/- per equity
share (which constitutes 7% of the total paid-up capital of NCDEX) from CRISIL, a foreign
entity, to Shree Renuka Sugars Limited.

2.7.6 Introduction of new Anchor Investor

The Government on 23rd September, 2010, granted approval to the proposal of ICEX for
induction of Reliance Exchangenext Limited (R-NEXT) as the new Anchor Investor in the Indian
Commodity Exchange Ltd. (ICEX) subject to the following conditions by transferring 26% of the
equity shares out of the 40% of the equity shares held by the India Bulls Financial Services Ltd
(IBFSL):

(a) that three years lock in period condition should be applied to the new anchor investor R-
NEXT afresh with effect from the date of Government approval i.e. 23rd September,
2010.

(b) that in case MMTC exercises its right to stake a claim to 14% in ICEX in pursuance to its
right to first refusal, IBFSL will be bound to transfer its remaining 14% to MMTC at the
same price at which it is offered to R-NEXT.

2.7.7 Introduction of Jaypee Capital Services Ltd. as the Anchor Investor of NCDEX

The Commission on 7th October, 2010, granted approval to the proposal of NCDEX (i) to
issue 1,13,40,000 (One crore thirteen lakh forty thousand) equity shares to Jaypee Capital
Services Ltd. and 18,36,000 (Eighteen lakh thirty-six thousand) equity shares to Shree
Renuka Sugars Ltd. and (ii) for induction of the said Jaypee Capital Services Ltd. as the
Anchor Investor of the Exchange,

2.7.8 Investment by Bajaj Holdings and Investments Limited in the 24, 50,000 Equity
Shares of the NMCE, Ahmedabad of ` 10 each at a price of ` 102 per share

The Commission, on 11th October, 2010, granted approval to NMCE, Ahmedabad for
issuance of 24, 50,000 fresh equity shares, amounting to 12.82% of the post issue shareholding, to
Bajaj Holdings & Investment Limited.

2.7.9 Approval to Amendment to Bye-laws / Rules / Articles of recognized exchanges:

A. Approval of Bye-laws and Rules of ACE, Ahmedabad

16
 The Commission On 22nd October, 2010, granted approval to the Bye-Laws and the Rules of
the ACE Derivatives and Commodity Exchange Ltd.

B. Amendment to the Articles of Association of the NMCE, Ahmedabad

The Commission, granted approval to the amendment to clause 64-A of the Articles of
Association, of the NMCE, Ahmedabad pertaining to capitalization of reserves and share
premium, realized from sale of capital assets.

C. Amendment to the Bye-Laws of MCX, Mumbai

The Commission approved the amendment to clause 11 of the Bye-laws 15 of the Bye-
laws of the Multi commodity Exchange Ltd., Mumbai specifying the period of one year to resolve
claims, differences and disputes referred to Arbitration.

2.8 Revision in Regulatory Measures:

The Commission kept a close watch on the trading activities in the commodity market
and took various steps from time to time by revising regulatory measures such as revision in the
special margins, additional margin, limit on open position, daily price limits, etc.

A. Revision in Special Margin:

2.8.1 At MCX Mumbai, Commission removed special margin of 15 % on longs and 5 % on

short open position in respect of Cardamom contracts and a 5 % additional margin in lieu of
special margin was imposed on both the sides w.e.f. 27.10.2010. This brought the total minimum
margins applicable on long & short sides of the cardamom contract to 10 %.

2.8.2 Similarly, a special margin of 10 % (5 % in cash) on long side of all Mentha oil contracts
was imposed, bringing the total minimum applicable margins on the long side of Mentha
contracts to 25 % (10 % additional, 10 % special & 5 % initial) and to 15 % (10 % additional and
5 % initial) on the short side.

2.8.3 Due to the volatility witnessed in Guar seed and Guar gum contracts, the NCDEX,
Mumbai imposed special margins of 10% on the long side in Guar seed and Guar Gum contracts
w.e.f. 26.11.2010. The Exchange further imposed a margin of another 10 % (out of which 5%
was to be collected in cash) on 13.12.2010. With this, the total special margin imposed on the
long side in Guar seed and Guar gum contracts traded at NCDEX stood at 20%.

2.8.4 Following the imposition of margins by NCDEX and with a view to bringing about
uniformity at the other two Exchanges, the Commission directed the Multi Commodity Exchange
Ltd., Mumbai and the National Multi Commodity Exchange Ltd., Ahmedabad to impose 20%
margins on Guar contracts traded on their exchange platform with effect from 13.12.2010.

2.8.5 In view of the volatility in the prices of Dhaniya, NCDEX, Mumbai, imposed special
margins of 5% on long open position in Dhaniya contracts w.e.f. 21st January 2011, (after the
expiry of January contract on 20.01.2011). As the Dhaniya contracts were also being traded at
MCX, the Commission, in order to bring uniformity in the margins at the National Exchanges,
also imposed additional margins of 5% on long open positions in Dhaniya contracts at MCX.

2.8.6 With a view to bringing uniformity in special margins on turmeric, the Commission, on
7.2.2011, withdrew the special margins imposed @ 5% on the long side in respect of the March,
April and May 2011 contracts of turmeric at NMCE, Ahmedabad. NCDEX, Mumbai had earlier
withdrawn this special margin on their running contracts.

2.8.7 In view of the volatility in the price of Kapas, NCDEX, Mumbai imposed special margin

17
on longs @ 5% on the Kapas contract. On a request from the Exchange, the Commission further
enhanced the margins by another 10% on the long side and conveyed its approval on 17.2.2011.
As the Kapas contracts were also being traded at the MCX, the Commission, in order to bring
uniformity in the margins at the National Exchanges, also imposed special margins @ 15% on the
long open positions in Kapas contracts at MCX

2.8.8 The prices of Mentha oil contracts traded at MCX, which were more or less steady during
the period 15.02.2011 to 12.03.2011, started rising following hectic trading activity on the
exchange platform. There was, however, no significant price movement in the spot market during
the corresponding period. After investigating the issue, the Commission directed the MCX on
21.03.2011 to impose additional special margin of 10 % (5 % in cash) on the long position of
March, 2011 & April, 2011 contracts with effect from 23.03.2011. The said margin was in
addition to the additional margins of 10 % (5 % in cash) on long & short side, special margin of
10 % (5 % in cash) on long side and initial margins which were already in force. With the
imposition of the additional special margin, the total margin on short position (inclusive of
additional, special & initial) applicable to all the Mentha contracts was 15 % ( 5 % in cash) and
35 % (15 % in cash) on long position of March, 2011 & April, 2011 contracts & 20 % (10 % in
cash) on long position in respect of other contracts.

2.8.9 NCDEX issued a circular on 8th March, 2011, reducing the special margin payable on
longs from 20 % to 10% on Guarseed and Guar gum contracts with effect from 9th March, 2011.
In order to bring uniformity in special margin on Guarseed and Guar gum contracts, across
exchanges, the Commission on 8th March, 2011, reduced the special margin payable on longs
from 20% to 10% at the NMCE, Ahmedabad and MCX, Mumbai as well. With this revision in
the special margin, the total special margin (Including special cash margin) at the National
Exchanges for Guar gum & Guarseed contracts stands at 10 % on the long side.
B. Revision in the open position limits

2.8.10 The Commission, on 1st November 2010 revised upward the open position limits in
respect of Copper and Nickel contracts traded on the National Exchanges. The revised limits are
as under:

Commodity Aggregate OI (MT)

Member Client
Copper 20,000 MT or 15% of the market wide 4000 MT
open position whichever is higher
Nickel 2500 MT or 15% of the market wide open 500 MT
position whichever is higher

2.8.11 On the basis of the representations received by the Commission to revise open interest
limits of trades in commodities, and after evaluation of the contracts, the Commission on 25th
February, 2011 revised the Open Interest Limit both aggregate (all contracts) limits and delivery
(near) month limits – in respect of certain agricultural commodities with effect from 25th
February, 2011. The revised position limits are given in Annexure – IV.

2.8.12 The Commission also reviewed the open position limits in the non-agri contracts in the
light of the past performance of the contracts and the representations received from the
Exchanges and revised the open position limits for 19 contracts with effect from 11th March,
2011. The revised limits are given in Annexure – V.

18
2.8.13 Enhancement of hedge positions to the ITC Limited:

Based on the recommendations of the NCDEX, position limits on the short side in respect
of Soybean contracts to the ITC Limited was enhanced by the Commission, subject to certain
conditions. It was decided that the short hedge position allowed to the ITC Limited would not
exceed 2,00,000 MT or 15% of the total market open position, whichever is more, in all the
contracts of Soybean. The ITC was allowed to avail the above short hedge position limits in
Soyabean contracts till 30th September 2011.

2.9. Directives Issued to the National Exchanges:

2.9.1 Regulation of Intermediaries:

With a view to streamline the regulation of intermediaries, the Commission, on 28th July,
2010, issued directives to the exchanges on the “Regulatory Framework for Market Access
through Authorized Persons in Commodity Futures Markets”. The Commodity Futures
Exchanges were directed to discontinue the system of sub-brokers and switch over to the system
of Authorized Persons (APs) for giving market access to the clients trading in these markets
through the APs.

2.9.2 Early pay-in facility and Early Delivery System

a) The Commission revisited earlier directives (issued on 28th March 2007) with regard to
early-pay in facility in agri commodities on certain suggestions received from the market
participants and directed the National Exchanges on 18th October 2010, that they may exempt
charging delivery margins from the market participants who have moved their goods to the
Exchange warehouse. By these new directives, the earlier condition of giving compulsory
delivery intention after getting exemption from delivery margin has been dispensed with.

b) Impact of early delivery system on the trade pattern of Pepper, Mentha Oil, Rubber,
Soyabean, Soya Oil, Guarseed contracts was studied from time to time. The facility was extended
to Steel long contracts on 26th October 2010.

2.9.3 Fixing of Price limit on the first day of new contracts:

The Commission, after considering the operational difficulties experienced by the

National Exchanges for fixing of price limit on the first day of the contracts, issued revised
directives on 24th January 2011 to the National Exchanges as follows:

a) The Exchanges may take the weighted average price of the first half hour (the first
half hour of trading will not have any price limit) as the base price for fixing of price
limit for the first day of contract.
b) In case there is absence of trade during the first half hour, then the weighted average
price of the first one hour trade may be considered for the fixing of base price for
arriving at the price limit on the first day of the contract.
c) If there is no trading during the first hour of the day then the weighted average price
of the first 20 trades may be taken as the base price for fixing of daily price limit for
the first day of the contract.
d) The price limit for the rest of the day will be based on the base price arrived at as per
(a), (b), or (c) above as the case may be, with usual daily price limit on the base price

19
 for the commodity, in that order of preference. The base price for the price-limit for
contracts other than near month contract, would also be fixed accordingly, except that
the first day for the contract would be the first day on which there is trading in those
contracts.

2.9.4 Fixation of Due Date Rate:

The Commission issued directives on 1st February, 2011 to the Commodity-Specific

(Regional) Exchanges on fixing of Due Date Rate for the contracts traded in their Exchange. The
guidelines issued are enclosed as Annexure – VI.

2.9.5 UCC details:

To ensure market and financial integrity in the commodity market, the Commission, on
7th March, 2011 directed the National Exchanges not to allow execution of trades without
uploading the UCC details including PAN numbers., address etc by the members of the
Exchange.

2.10 Developmental Measures:

The developmental measures taken by FMC during the year aimed at;

Strengthening regulatory mechanism by regular interaction with various market

constituents.

Increasing participation in the market by creating awareness of the practices prevalent
and the economic functions of the market.

Building the capabilities of the futures industry in the country by attracting trained
manpower.

The developmental initiatives of the FMC comprise conducting of awareness
programmes, meetings with stakeholders, conducting training programmes, tie ups with
educational institutions, conducting studies and collaboration with international
regulators.

2.10.1 Meeting with the various stakeholders/conferences:

The Commission conducted various meetings with different categories of stakeholders of

the futures market to take feed back from them to improve the functioning of the futures
markets. The inputs received during these meetings were utilized while framing the
regulatory policies in the Commission. Some important meetings held are as under:

An awareness meet for the arbitrators of the National Exchanges in West Zone was held
at Mumbai on 28th July, 2010

A meeting for the aggregators was held at Kochi on 12th August, 2010.

An awareness meet for the arbitrators of the National Exchanges in North Zone was held
at New Delhi on 21st August, 2010.

An awareness meet for the arbitrators of the National Exchanges in East Zone was held at
Kolkata on 26th November, 2010.

An awareness meet for the arbitrators of the National Exchanges in South Zone was held
at Chennai on 17th December, 2010.

2.10.2 Awareness programmes.

During 2010-11, 829 awareness programmes were organized for various participants
such as farmers, processors, exporters; banks, cooperatives, members of exchanges and their

20
clients, students and faculty members, agricultural universities etc. Of these 486 programmes
were exclusively held for farmers. During 2009-10, 515 awareness programmes were held, out of
which 423 were exclusively held for the farmers. Details of awareness programmes held during
2010-11 are given in Annexure VII –A & B.

2.10.3 Training/Capacity Building Programmes:

The Commission has tied up with various training institutions for conducting training to
various segments of the trade. During the 2010-11, 79 training programmes were held for the
benefit of various functionaries and three programmes were held for FMC Officers and staff. The
details of the capacity building programmes held for various functionaries are given in
Annexure -VIII.

2.10.4 International training/conferences/meetings

During the year 2010-11, the officers of the Commission and the officers of the
Department of Consumer Affairs were nominated for various international training programmes,
and also attended international conferences/ meetings organized by International Organisations/
Regulatory bodies like IOSCO, FIA, CFTC in different countries of the world. The details of the
foreign visits of the officers of the Commission may be seen at Annexure- IX.

2.10.5 Registration of Members of the Recognized Exchange:

The system of membership registration continued during the period (01-04-2010 to 31-
03-2011). The total number of members registered up to March 2011 is 5162. 250 intermediaries
are registered with the FMC, out of which 38 are warehouses and 212 are others (viz.Assayers,
Depository Participants, Clearing Banks & others.)

2.10.6 Inspection of books of accounts of Exchanges and their members:

The Commission has been inspecting the books of accounts of the Exchange Members
particularly of 3 National level Commodity Exchanges, viz. MCX, Mumbai, NCDEX, Mumbai
and NMCE, Ahmedabad on a regular basis since 2006-07. During the F.Y. 2010-11, 280 new
audits of members of the National Commodity Exchanges were assigned. Besides, audit of 3
National Exchanges, 14 Regional Exchanges and 1 special audit were also assigned to the
Auditors.

2.10.7 Attending to Client Complaints/Grievances

The Commission receives complaints from the clients registered with the Exchange
Members alleging unauthorized trades being executed by the Members in their account, contract
notes/account statements not being received from the members, misutilisation of clients’ money
etc. The complaints are forwarded to the respective exchanges for settling the grievances of the
clients expeditiously. During the year 2010-11, 64 complaints were redressed. During the same
period 103 fresh complaints were received. Several guidelines were also issued to the Exchanges
to streamline their systems of redressal of client’s grivences.

21
 CHAPTER III

COMMODITY FUTURES MARKET IN 2010-11– A REVIEW

3. The Indian Commodity Futures Markets continued to grow, despite the suspension of
futures trading in a few agricultural commodities. During the year, 113 commodities were
regulated under the auspices of the recognized Exchanges. During 2010-11, 21 recognized
exchanges were functioning. Out of the 113 commodities, regulated by the FMC, in terms of
value of trade, Silver, Gold, Copper, Nickel, Zinc, Lead, Soy Oil, Guarseed, Chana, Pepper, and
Jeera were the prominently traded commodities.

The table below indicates the commodity wise/group wise volume and value of trade in
the commodity market during the year.

Volume of Trading and Value of Trade during the year 2010-11 in

Major Commodities
Volume of Trading – In lakh tonne
Value - In ` Crore
Sr.No Name of the Commodity 2010-11
Volume Value
A Bullion
i Gold 0.14 2700607.00
ii Silver 7.24 2793280.23
iii Platinum 0.0000002 4.89
Total for A 7.38 5493892.12
B Metals other than
Bullion
i Aluminum 110.17 114081.70
ii Copper 335.36 1239261.20
iii Lead 356.88 366422.24
iv Nickel 44.83 478789.31
v Steel 86.66 22759.03
Vi Tin 0.002 18.35
Vii Zinc 463.25 465375.27
viii Iron 12.56 965.89
Total for B 1409.72 2687672.99
C Agricultural
commodities
i Chana/Gram 523.59 126158.29
ii Wheat 26.78 3316.88
iii Maize 16.36 1730.06
iv Soy Oil 617.15 345286.26
v Mentha Oil 6.21 60527.10
vi Guarseed 1056.04 254690.88
vii Guar Gum 83.15 49942.57
viii Potato 269.22 14428.17

22
 Volume of Trading and Value of Trade during the year 2010-11 in
Major Commodities
Volume of Trading – In lakh tonne
Value - In ` Crore
Sr.No Name of the Commodity 2010-11
Volume Value
ix Chillis 11.31 8493.79
x Jeera(Cuminseed) 42.53 60864.48
xi Cordmom 0.77 10882.04
xii Pepper 42.25 84786.09
xiii Rubber 11.78 23846.92

xiv other agri 1461.21 411436i.10

Total for C 4168.35 1456389.62
D Energy 7220.12 2310958.58
E Other 0.00 29.04
Grand Total (A+B+C+D+E) 12805.57 11948942.35
Note: Natural Gas, Heating Oil & Gasoline Volumes are not included in
the Total Volume.

The details of major commodities traded in the top 5 Commodity Exchanges which
accounted for 99% of the total value of trade in 2010-11 are given below:-

I) MULTI COMMODITY EXCHANGE OF INDIA, MUMBAI (MCX)

During 2010-11, MCX accounted for 82.36% of the total value of trade in the commodity
market. In actual terms, the total value of trade in the MCX was ` 98.42 lakh crore. During the
year, 39 commodities were traded at the MCX platform amongst which predominant
commodities traded during the year were Silver, Gold, Crude Oil, Copper, Nickel, Zinc and Lead.
The total value of trade and percentage share of each of these predominantly traded commodities
at MCX, Mumbai in 2010-11 is given below:

TOTAL VOLUME & VALUE OF COMMODITIES TRADED AT MCX, MUMBAI

2010-11
VOLUME (IN SHARE OF
VALUE ( ` IN
S.NO COMMODITY LAKH VALUE TO
CRORES)
TONNES) TOTAL
1 SILVER 6.97 2700017.25 27.44

2 GOLD 0.13 2469246.20 25.09

3 CRUDEOIL 6317.99 1764067.84 17.92

4 COPPER 309.80 1145074.86 11.64

5 NICKEL 43.55 464577.93 4.72

6 ZINC 388.87 389457.78 3.96

7 LEAD 300.60 306414.62 3.11

8 OTHER 515.40 602646.43 6.12

TOTAL 7839.71 9841502.91 100.00

23
@ Volume of trading of Natural Gas not included in the total as the Unit of trading is in mmBtu.

The graphical presentation of the percentage share of the prominently traded commodities at
MCX Mumbai is given below.

% SHARE OF THE VALUE OF THE COMMODITIES TRADED AT MCX,MUMBAI DURING April'2010

TO March' 2011

LEAD OTHER
3.11% 6.12%
ZINC
3.96%

NICKEL
4.72% SILVER
27.44%

COPPER
11.64%

CRUDEOIL
GOLD
17.92%
25.09%

SILVER GOLD CRUDEOIL COPPER NICKEL ZINC LEAD OTHER

1. Silver
The ready price of Silver, which was quoted at ` 26,875 per kg on 31.03.2010, rose to
` 55,900 on 31.03.2011, showing a rise of 108%. In the futures section, the price which was
quoted at ` 26,935 per kg (May 2010 contract) on 31.03.2010 rose to ` 55,970 per kg (May 2011
contract) on 31.03.2011 showing a rise of 107.80%.

Spot & Futures prices of Silver at MCX

60000
57500
55000
52500
50000
47500
Rs. per Kg

45000
42500
40000
37500
35000
32500
30000
27500
25000
31-Mar-10

12-May-10

26-May-10

9-Jun-10

23-Jun-10

7-Jul-10

21-Jul-10

13-Oct-10

27-Oct-10

10-Nov-10

24-Nov-10

8-Dec-10

22-Dec-10

5-Jan-11

19-Jan-11

2-Feb-11

16-Feb-11

2-Mar-11

16-Mar-11

30-Mar-11
1-Sep-10

15-Sep-10

29-Sep-10
14-Apr-10

28-Apr-10

4-Aug-10

18-Aug-10

SPOT 5-May-10 5-Jul-10 4-Sep-10 4-Dec-10 5-Mar-11 5-May-11 5-Jul-11 5-Sep-11 5-Dec-11

The total quantity traded in all contracts of silver was 6.97462 Lakh tonnes valued at
` 2700017.249 crore.

2. Gold:

24
 The ready price of Gold, which was quoted at ` 16300 per 10 gm on 31.03.2010 rose to
` 20760 on 31.03.2011, showing a rise of 27.36%. In the futures section, the price which was
quoted at ` 16295 per 10 gm (April 2010 contract) on 31.03.2010, rose to ` 20693 (April 2011
contract) per 10 gm on 31.03.2011 showing a rise of 26.99%.
Spot & Futures prices of Gold at MCX

22000

21500

21000

20500

20000
Rs. per 10 Gm

19500

19000

18500

18000

17500

17000

16500

16000
31-Mar-10

12-May-10

26-May-10

9-Jun-10

23-Jun-10

7-Jul-10

21-Jul-10

13-Oct-10

27-Oct-10

10-Nov-10

24-Nov-10

8-Dec-10

22-Dec-10

5-Jan-11

19-Jan-11

2-Feb-11

16-Feb-11

2-Mar-11

16-Mar-11

30-Mar-11
1-Sep-10

15-Sep-10

29-Sep-10
14-Apr-10

28-Apr-10

4-Aug-10

18-Aug-10
SPOT 5-Apr-10 5-Jun-10 5-Aug-10 5-Oct-10 4-Dec-10 5-Feb-11 5-Apr-11 4-Jun-11
5-Aug-11 5-Oct-11

The total quantity traded in for all contracts of Gold traded was 0.12890 Lakh tonnes
valued at ` 2469246.201crore.

3. Crude Oil

The ready price of Crude Oil which was quoted at ` 3702 per Barrel on 31.03.2010 rose
to ` 4668 on 31.03.2011, showing a rise of 26.09%. In the futures section, the price which was
quoted at ` 3751 per Barrel (April 2010 contract) on 31.03.2010 rose to ` 4744 (April 2011
contract) per Barrel on 31.03.2011 showing a rise of 26.47%.

Spot & Futures prices of Crude Oil at M CX

5000

4750

4500

4250
Rs. per Barrel

4000

3750

3500

3250

3000
31-Mar-10

12-May-10

26-May-10

9-Jun-10

23-Jun-10

7-Jul-10

21-Jul-10

13-Oct-10

27-Oct-10

10-Nov-10

24-Nov-10

8-Dec-10

22-Dec-10

5-Jan-11

19-Jan-11

2-Feb-11

16-Feb-11

2-Mar-11

16-Mar-11

30-Mar-11
1-Sep-10

15-Sep-10

29-Sep-10
14-Apr-10

28-Apr-10

4-Aug-10

18-Aug-10

SPOT 19-Apr-10 19-May-10 21-Jun-10 19-Jul-10 19-Aug-10 20-Sep-10

20-Oct-10 18-Nov-10 17-Dec-10 19-Jan-11 21-Feb-11 21-Mar-11 18-Apr-11
19-May-11 20-Jun-11 19-Jul-11 19-Aug-11 19-Sep-11

The total quantity traded in Crude Oil was 6317.99250 lakh tonnes valued at
` 1764067.835 crore.

4. Copper

The ready price of Copper, which was quoted at ` 353.05 per kg on 31.03.2010 rose to
` 421.85 on 31.03.2011, showing a rise of 19.49%. In the futures section, the price which was
quoted at ` 351.35 per kg (April 2010 contract) on 31.03.2010, rose to ` 425.30 per kg (April

25
2011 contract) on 31.03.2011 showing a rise of 21.05%.
Spot & Future s price s of Copper at MCX

475

455

435

415

395
Rs. per Kg

375

355

335

315

295

275
31-Mar-10

12-May-10

26-May-10

9-Jun-10

23-Jun-10

7-Jul-10

21-Jul-10

13-Oct-10

27-Oct-10

10-Nov-10

24-Nov-10

8-Dec-10

22-Dec-10

5-Jan-11

19-Jan-11

2-Feb-11

16-Feb-11

2-Mar-11

16-Mar-11

30-Mar-11
1-Sep-10

15-Sep-10

29-Sep-10
14-Apr-10

28-Apr-10

4-Aug-10

18-Aug-10
SPOT 30-Apr-10 30-Jun-10 31-Aug-10 30-Nov-10 28-Feb-11 29-Apr-11 30-Jun-11 30-Aug-11

The total quantity traded in Copper contracts was 309.80351 lakh tonnes valued at
` 1145074.858 crore.

5. Nickel

The ready price of Nickel, which was quoted at ` 1125.70 per kg on 31.03.2010, rose to
` 1164.40 on 31.03.2011, showing a rise of 3.44%. In the futures section, the price which was
quoted at ` 1125.20 per kg (March 2010 contract) on 31.03.2010, rose to ` 1164.40 per kg
(March 2011 contract) on 31.03.2011 showing a rise of 3.48%.

Spot & Future s price s of Nick e l at MCX

1350

1300

1250

1200

1150
Rs. per Kg

1100

1050

1000

950

900

850
31-Mar-10

12-May-10

26-May-10

9-Jun-10

23-Jun-10

7-Jul-10

21-Jul-10

13-Oct-10

27-Oct-10

10-Nov-10

24-Nov-10

8-Dec-10

22-Dec-10

5-Jan-11

19-Jan-11

2-Feb-11

16-Feb-11

2-Mar-11

16-Mar-11

30-Mar-11
1-Sep-10

15-Sep-10

29-Sep-10
14-Apr-10

28-Apr-10

4-Aug-10

18-Aug-10

SPOT 31-Mar-10 30-Apr-10 28-May-10 30-Jun-10 30-Jul-10

31-Aug-10 30-Sep-10 29-Oct-10 30-Nov-10 31-Dec-10 31-Jan-11
28-Feb-11 31-Mar-11 28-Apr-11 31-May-11

The total quantity traded in Nickel contracts was 43.54921 lakh tonnes valued at
` 464577.933 crore.

6. Zinc

The ready price of Zinc, which was quoted at ` 106.50 per kg on 31.03.2010 declined to
` 103.50 on 31.03.2011, showing a fall of 2.82%. In the futures section, the price which was
quoted at ` 106.45 per kg (March 2010 contract) on 31.03.2010 declined to ` 103.50 per kg
(March 2011 contract) on 31.03.2011 showing a fall of 2.77%.

26
 Spot & Future s price s of Zinc at MCX

120

115

110

105

Rs. per Kg
100

95

90

85

80

75
31-Mar-10

12-May-10

26-May-10

9-Jun-10

23-Jun-10

7-Jul-10

21-Jul-10

13-Oct-10

27-Oct-10

10-Nov-10

24-Nov-10

8-Dec-10

22-Dec-10

5-Jan-11

19-Jan-11

2-Feb-11

16-Feb-11

2-Mar-11

16-Mar-11

30-Mar-11
1-Sep-10

15-Sep-10

29-Sep-10
14-Apr-10

28-Apr-10

4-Aug-10

18-Aug-10
SPOT 31-Mar-10 30-Apr-10 28-May-10 30-Jun-10 30-Jul-10 31-Aug-10 30-Sep-10
29-Oct-10 30-Nov-10 31-Dec-10 31-Jan-11 28-Feb-11 31-Mar-11 28-Apr-11 31-May-11

The total quantity traded in Zinc contracts was 388.86900 lakh tonnes valued at `
389457.777 crore.

7. Lead

The ready price of Lead, which was quoted at ` 95.70 per kg on 31.03.2010 rose to `
121.45 on 31.03.2011, showing a rise of 26.91%. In the futures section, the price which was
quoted at ` 95.75 per kg (March 2010 contract) on 31.03.2010 rose to ` 121.45 per kg (March
2011 contract) on 31.03.2011 showing a rise of 26.84%.

Spot & Future s price s of LEAD at MCX

125

120

115

110

105
Rs. per Kg

100

95

90

85

80

75
31-Mar-10

12-May-10

26-May-10

9-Jun-10

23-Jun-10

7-Jul-10

21-Jul-10

13-Oct-10

27-Oct-10

10-Nov-10

24-Nov-10

8-Dec-10

22-Dec-10

5-Jan-11

19-Jan-11

2-Feb-11

16-Feb-11

2-Mar-11

16-Mar-11

30-Mar-11
1-Sep-10

15-Sep-10

29-Sep-10
14-Apr-10

28-Apr-10

4-Aug-10

18-Aug-10

SPOT 31-Mar-10 30-Apr-10 28-May-10 30-Jun-10 30-Jul-10 31-Aug-10 30-Sep-10

29-Oct-10 30-Nov-10 31-Dec-10 31-Jan-11 28-Feb-11 31-Mar-11 28-Apr-11 31-May-11

The total quantity traded in Lead contracts was 300.59875 lakh tonnes valued at `
306414.617 crore.

8. Natural Gas

The ready price of Natural Gas, which was quoted at ` 178.50 per mmBtu on 31.03.2010
rose to ` 195 on 31.03.2011, showing a rise of 9.24%. In the futures section, the price which was
quoted at ` 177.60 per mmBtu (April 2010 contract) on 31.03.2010 rose to ` 197.40 per mmBtu
(April 2011 contract) on 31.03.2011 showing a rise of 11.15%.

27
 Spot & Futures prices of NATURAL GAS at MCX

250

225

Rs. per mmBtu

200

175

150
31-Mar-10

12-May-10

26-May-10

9-Jun-10

23-Jun-10

7-Jul-10

21-Jul-10

13-Oct-10

27-Oct-10

10-Nov-10

24-Nov-10

8-Dec-10

22-Dec-10

5-Jan-11

19-Jan-11

2-Feb-11

16-Feb-11

2-Mar-11

16-Mar-11

30-Mar-11
1-Sep-10

15-Sep-10

29-Sep-10
14-Apr-10

28-Apr-10

4-Aug-10

18-Aug-10
SPOT 27-Apr-10 25-May-10 25-Jun-10 27-Jul-10 26-Aug-10 27-Sep-10 26-Oct-10 23-Nov-10
27-Dec-10 25-Jan-11 23-Feb-11 28-Mar-11 26-Apr-11 25-May-11 27-Jun-11

The total quantity traded in Natural Gas contracts was 14820403750 mmBtu valued at `
284930.549 crore.

II) THE NATIONAL COMMODITY & DERIVATIVES EXCHANGE LTD., MUMBAI

(NCDEX)

During 2010-11, NCDEX, Mumbai accounted for 11.81% of the total value of trade in
the commodity market. In actual terms the total value of trade in the NCDEX, Mumbai was `
14.10 lakh crore. During the year, 34 commodities were traded at NCDEX, Mumbai. Amongst
which prominent commodities traded during the year were Soya Oil, Guar Seed, Crude oil,
Chana, Soyabean, Rape Seed/Mustard Seed, and Pepper at NCDEX, Mumbai. The total value of
trade and the percentage share of each of these commodities to the total value of trade at NCDEX,
Mumbai is given below.

TOTAL VOLUME & VALUE OF COMMODITIES TRADED AT NCDEX,

MUMBAI. 2010-11
VOLUME (IN SHARE OF
COMMODITY VALUE ( ` IN
S. NO LAKH VALUE TO
CRORES)
TONNES) TOTAL

1 SOYA_OIL 464.50 260362.79 18.46

2 GUAR_SEED 1021.97 246283.33 17.46

3 CRUDE_OIL 653.15 193090.55 13.69

4 CHANA 467.68 112736.16 7.99

5 SOYABEAN 457.03 101645.48 7.21

RAPE_MUSTARD_
6 315.03 87161.91 6.18
SEED

7 PEPPER 39.97 80460.50 5.70

8 OTHER 701.51 328861.49 23.31

Total 4120.84 1410602.21 100.00

28
 The graphical presentation of the percentage share of the prominently traded
commodities at NCDEX, Mumbai is given below.

% SHARE OF THE VALUE OF THE COMMODITIES TRADED AT NCDEX,MUMBAI DURING

April'2010 to March' 2011

OTHER SOYA_OIL
23.31% 18.46%

GUAR_SEED
17.46%
PEPPER
5.70%

RAPE_MUSTARD_SEED
6.18%

CRUDE_OIL
13.69%
SOYABEAN
7.21% CHANA
7.99%

SOYA_OIL GUAR_SEED CRUDE_OIL CHANA SOYABEAN RAPE_MUSTARD_SEED PEPPER OTHER

1. Soy Oil
The ready price of Soy Oil, which was quoted at ` 450.60 per 10 Kg on 31.03.2010 rose
to ` 591.20 on 31.03.2011, showing a rise of 31.20%. In the futures section, the price which was
quoted at ` 449.95 per 10 kg (April 2010 contract) on 31.03.2010 rose to ` 599.65 (April 2011
contract) per 10 Kg on 31.03.2011 showing a rise of 33.27%.

SPOT & FUTURES PRICES OF SOY OIL TRADED AT NCDEX

700
675
650
625
RS. PER 10 KG

600
575
550
525
500
475
450
425
31-Mar-10

12-May-10

26-May-10

9-Jun-10

23-Jun-10

7-Jul-10

21-Jul-10

13-Oct-10

27-Oct-10

10-Nov-10

24-Nov-10

8-Dec-10

22-Dec-10

5-Jan-11

19-Jan-11

2-Feb-11

16-Feb-11

2-Mar-11

16-Mar-11

30-Mar-11
1-Sep-10

15-Sep-10

29-Sep-10
14-Apr-10

28-Apr-10

4-Aug-10

18-Aug-10

SPOT 20-Apr-10 20-May-10 18-Jun-10 20-Jul-10 20-Aug-10 20-Sep-10

20-Oct-10 19-Nov-10 20-Dec-10 20-Jan-11 18-Feb-11 18-Mar-11 20-Apr-11
20-May-11 20-Jun-11 20-Jul-11 19-Aug-11

The total quantity traded in Soy Oil was 464.50 lakh tonnes valued at ` 260362.786
crore.

2. Guar Seed:

The ready price of Guar Seed, which was quoted at ` 2302.45 per 100 Kg on 31.03.2010

29
rose to ` 2833.05 on 31.03.2011, showing a rise of 23.05%. In the futures section, the price which
was quoted at ` 2301 per 100 kg (April 2010 contract) on 31.03.2010 rose to ` 2781 (April 2011
contract) per 100 Kg on 31.03.2011 showing a rise of 20.86%.
SPOT & FUTURES PRICES OF GUAR SEED TRADED AT NCDEX

3500

3250

3000
RS.PER 100 KG

2750

2500

2250

2000

1750
31-Mar-10

12-May-10

26-May-10

9-Jun-10

23-Jun-10

7-Jul-10

21-Jul-10

13-Oct-10

27-Oct-10

10-Nov-10

24-Nov-10

8-Dec-10

22-Dec-10

5-Jan-11

19-Jan-11

2-Feb-11

16-Feb-11

2-Mar-11

16-Mar-11

30-Mar-11
1-Sep-10

15-Sep-10

29-Sep-10
14-Apr-10

28-Apr-10

4-Aug-10

18-Aug-10
SPOT 20-Apr-10 20-May-10 18-Jun-10 20-Jul-10 20-Aug-10 20-Sep-10
20-Oct-10 19-Nov-10 20-Dec-10 20-Jan-11 18-Feb-11 18-Mar-11 20-Apr-11
20-May-11 20-Jun-11 20-Jul-11 19-Aug-11 20-Sep-11

The total quantity traded in for all contracts of Guar Seed traded was 1021.96 Lakh
tonnes valued at ` 246283.334 crore.

4. Crude Oil
The ready price of Crude Oil, which was quoted at ` 3748.25 per Barrel on 31.03.2010
rose to ` 4739.94 on 31.03.2011, showing a rise of 26.46%. In the futures section, the price
which was quoted at ` 3731 per Barrel (April 2010 contract) on 31.03.2010 rose to ` 4744 (April
2011 contract) per Barrel on 31.03.2011 showing a rise of 27.15%.
SPOT & FUTURES PRICES OF Crude oil TRADED AT NCDEX

5000

4750

4500
RS. PER Barrel

4250

4000

3750

3500

3250

3000
31-Mar-10

12-May-10

26-May-10

9-Jun-10

23-Jun-10

7-Jul-10

21-Jul-10

13-Oct-10

27-Oct-10

10-Nov-10

24-Nov-10

8-Dec-10

22-Dec-10

5-Jan-11

19-Jan-11

2-Feb-11

16-Feb-11

2-Mar-11

16-Mar-11

30-Mar-11
1-Sep-10

15-Sep-10

29-Sep-10
14-Apr-10

28-Apr-10

4-Aug-10

18-Aug-10

SPOT 19-Apr-10 19-May-10 21-Jun-10 19-Jul-10 19-Aug-10 20-Sep-10 19-Oct-10

18-Nov-10 17-Dec-10 19-Jan-11 18-Feb-11 21-Mar-11 18-Apr-11 19-May-11 20-Jun-11

The total quantity traded in all contracts of Crude Oil was 653.15 Lakh tonnes valued at `
193090.551 crore.

4. Chana
The ready price of Chana, which was quoted at ` 2259.55 per 100 Kg on 31.03.2010 rose
to ` 2288.05 on 31.03.2011, showing a rise of 1.26%. In the futures section, the price which was
quoted at ` 2289 per 100 kg (April 2010 contract) on 31.03.2010 rose to ` 2386 (April 2011
contract) per 100 Kg on 31.03.2011 showing a rise of 4.24%.

30
 SPOT & FUTURES PRICES OF CHANA TRADED AT NCDEX

3000

2800

RS. PER 100 KG 2600

2400

2200

2000
31-Mar-10

12-May -10

26-May -10

9-Jun-10

23-Jun-10

7-Jul-10

21-Jul-10

13-O ct-10

27-O ct-10

10-Nov -10

24-Nov -10

8-Dec -10

22-Dec -10

5-Jan-11

19-Jan-11

2-Feb-11

16-Feb-11

2-Mar-11

16-Mar-11

30-Mar-11
1-Sep-10

15-Sep-10

29-Sep-10
14-Apr-10

28-Apr-10

4-Aug-10

18-Aug-10
SPOT 20-Apr-10 20-May-10 18-Jun-10 20-Jul-10 20-Aug-10 20-Sep-10
20-Oct-10 19-Nov-10 20-Dec-10 20-Jan-11 18-Feb-11 18-Mar-11 20-Apr-11
20-May-11 20-Jun-11 20-Jul-11 19-Aug-11

The total quantity traded in all contracts of Chana was 467.68 Lakh tonnes valued at `
112736.155 crore.

5. Soya Bean
The ready price of Soya Bean, which was quoted at ` 2029 per 100 Kg on 31.03.2010
rose to ` 2308 on 31.03.2011, showing a rise of 13.75%. In the futures section, the price which
was quoted at ` 2038 per 100 kg (April 2010 contract) on 31.03.2010 rose to ` 2338.50 (April
2011 contract) per 100 Kg on 31.03.2011 showing a rise of 14.74%.

SPOT & FUTURES PRICES OF SOY BEAN TRADED AT NCDEX

2700

2550
RS.PER 100 KG

2400

2250

2100

1950

1800
21-Jul-10

8-Dec-10

2-Feb-11

2-Mar-11
31-Mar-10

12-May-10

26-May-10

9-Jun-10

23-Jun-10

7-Jul-10

13-Oct-10

27-Oct-10

10-Nov-10

24-Nov-10

22-Dec-10

5-Jan-11

19-Jan-11

16-Feb-11

16-Mar-11

30-Mar-11
1-Sep-10

15-Sep-10

29-Sep-10
14-Apr-10

28-Apr-10

4-Aug-10

18-Aug-10

SPOT 20-Apr-10 20-May-10 18-Jun-10 20-Jul-10 20-Aug-10 20-Sep-10

20-Oct-10 19-Nov-10 20-Dec-10 20-Jan-11 18-Feb-11 18-Mar-11 20-Apr-11
20-May-11 20-Jun-11 20-Jul-11 19-Aug-11

The total quantity traded in Soya Bean contracts was 457.03 lakh tonnes valued at
` 101645.477 crore.

6. R/M Seed
The ready price of R/M Seed, which was quoted at ` 2524.75 per 100 Kg on 31.03.2010
rose to ` 2568.50 on 31.03.2011, showing a rise of 1.73%. In the futures section, the price which
was quoted at ` 2526.75 per 100 kg (April 2010 contract) on 31.03.2010 rose to ` 2686 (April
2011 contract) per 100 Kg on 31.03.2011 showing a rise of 6.30%.

31
 SPOT & FUTURES PRICES OF RM SEED TRADED AT NCDEX

3250

3000

RS.PER 100 KG
2750

2500

2250
31-Mar-10

12-May-10

26-May-10

9-Jun-10

23-Jun-10

7-Jul-10

21-Jul-10

13-Oct-10

27-Oct-10

10-Nov-10

24-Nov-10

8-Dec-10

22-Dec-10

5-Jan-11

19-Jan-11

2-Feb-11

16-Feb-11

2-Mar-11

16-Mar-11

30-Mar-11
1-Sep-10

15-Sep-10

29-Sep-10
14-Apr-10

28-Apr-10

4-Aug-10

18-Aug-10
SPOT 20-Apr-10 20-May-10 18-Jun-10 20-Jul-10 20-Aug-10 20-Sep-10 20-Oct-10
19-Nov-10 20-Dec-10 20-Jan-11 20-Apr-11 20-May-11 20-Jun-11 20-Jul-11

The total quantity traded in R/M Seed contracts was 315.03 lakh tonnes valued at
` 87161.913 crore.

7. Pepper
The ready price of Pepper, which was quoted at ` 14800.45 per 100 Kg on 31.03.2010
rose to ` 24142.85 on 31.03.2011, showing a rise of 63.12%. In the futures section, the price
which was quoted at ` 15022 per 100 kg (April 2010 contract) on 31.03.2010 rose to ` 24594
(April 2011 contract) per 100 Kg on 31.03.2011 showing a rise of 63.72%.

SPOT & FUTURES PRICES OF PEPPER TRADED AT NCDEX

27500
26000
24500
RS. PER 100 KG

23000
21500
20000
18500
17000
15500
14000
31-M ar-10

12-M ay -10
26-M ay -10
9-J un-10
23-J un-10
7-J ul-10
21-J ul-10

13-O c t-10
27-O c t-10
10-N ov -10
24-N ov -10
8-D ec -10
22-D ec -10
5-J an-11
19-J an-11
2-F eb-11
16-F eb-11
2-M ar-11
16-M ar-11
30-M ar-11
1-Sep-10
15-Sep-10
29-Sep-10
14-Apr-10
28-Apr-10

4-Aug-10
18-Aug-10

SPOT 20-Apr-10 20-May-10 18-Jun-10 20-Jul-10 20-Aug-10 20-Sep-10

20-Oct-10 19-Nov-10 20-Dec-10 20-Jan-11 18-Feb-11 18-Mar-11 20-Apr-11
20-May-11 20-Jun-11 20-Jul-11 19-Aug-11 20-Sep-11

The total quantity traded in Pepper contracts was 39.96 lakh tonnes valued at
` 80460.498 crore.

III) NATIONAL MULTI-COMMODITY EXCHANGE OF INDIA LIMITED,

AHMEDABAD (NMCE)

During 2010-11, NMCE, Ahmedabad accounted for 1.83% of the total value of trade in
the commodity market. In actual terms, the total value of trade in the NMCE, Ahmedabad was `
21.84 lakh crore. During the year, 24 commodities were traded at NMCE, Ahmedabad. Amongst
which prominent commodities traded during the year were Rubber, Sacking, Copper, Lead, and
Aluminium. The total value of trade and the percentage share of each of these commodities to the

32
total value of trade at NMCE, Ahmedabad is given below.

TOTAL VOLUME AND VALUE OF TRADE AT NMCE, AHMEDABAD

2010-11
Sr. No. COMMODITIES TOTAL TOTAL % SHARE TO
VOLUME VALUE ( ` IN THE TOTAL
(IN LAKH CRORE) VALUE
TONNES)
1. RUBBER 11.78 23846.36 10.92
2. SACKING 31.51 16734.57 7.66
3. COPPER 4.05 15256.03 6.99
4. LEAD 14.09 14787.23 6.77
5. ALUMINIUM 5 13.82 14711.08 6.74
MT
6. OTHERS 247.54 133075.63 60.93

Grand Total 322.79 218410.904 100.00

1. Rubber:-

The ready price of Rubber at NMCE, Ahmedabad, which was quoted at ` 15631 per
quintal on 31.03.2010 rose to ` 23100 on 31.3.2011 registering a rise of 47.78 % over the year.
In the future section, the prices of Rubber, which was quoted at ` 15704 per quintal on
31.3.2010 (April 2010 contract) rose to ` 24850 on 31.3.2011 (July 2011 Contact) registering a
rise of 58.24 % over the year.
The graph indicating ready and future prices is given below.

Spot and future prices of Rubber at NMCE,Ahmedabad

27000.00
26000.00
25000.00
24000.00
23000.00
22000.00
Rs.per 100 Kg

21000.00
20000.00
19000.00
18000.00
17000.00
16000.00
15000.00
14000.00
31-Mar-10

12-May-10

26-May-10

9-Jun-10

23-Jun-10

7-Jul-10

21-Jul-10

13-Oct-10

27-Oct-10

10-Nov-10

24-Nov-10

8-Dec-10

22-Dec-10

5-Jan-11

19-Jan-11

2-Feb-11

16-Feb-11

2-Mar-11

16-Mar-11

30-Mar-11
1-Sep-10

15-Sep-10

29-Sep-10
14-Apr-10

28-Apr-10

4-Aug-10

18-Aug-10

Date

Spot Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10

Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11

The total quantity traded at NMCE during the period 11.78 Lakh tones and Value thereof
was ` 23846.36 Crore.

33
2. Sacking:-

The ready price of Sacking at NMCE, Ahmedabad, which was quoted at ` 2972.60 per
100 Bags on 31.03.2010 rose to ` 3383.33 on 31.3.2011 registering a rise of 13.82 % over the
year.
In the futures section the price of Sacking, which was quoted at ` 3022 per 100 Bags on
31.3.2010 (April 2010 contract) rose to ` 3441 on 31.3.2011 (July 2011 Contract) registering a
rise of 13.86% over the year.
The graph indicating ready and future prices is given below.
Spot and futures prices of Sacking at NMCE, Ahmedabad.

3900.00

3800.00

3700.00

3600.00
Rs. per 100 Bags

3500.00

3400.00

3300.00

3200.00

3100.00

3000.00

2900.00
12-May-10

26-May-10
31-Mar-10

14-Apr-10

28-Apr-10

4-Aug-10

18-Aug-10

10-Nov-10

24-Nov-10

2-Mar-11

16-Mar-11

30-Mar-11
7-Jul-10

21-Jul-10

13-Oct-10

27-Oct-10
9-Jun-10

23-Jun-10

1-Sep-10

15-Sep-10

29-Sep-10

8-Dec-10

22-Dec-10

5-Jan-11

19-Jan-11

2-Feb-11

16-Feb-11
Date

Spot Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10

Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11

The total quantity traded at NMCE during the period 31.51 Lakh tones and Value thereof
was ` 16734.57 Crore.
3. Copper:-
The ready price of Copper at NMCE, Ahmedabad, which was quoted at ` 353.05 per Kg
on 31.3.2010, rose to ` 419.70 on 31.3.2011 registering a rise of 18.88 % over the year.
In the futures section, the price of Copper, which was quoted at ` 350.80 per Kg on
31.3.2010 (April 2010 contract) rose to ` 435 on 31.3.2011 (August 2011 Contact) registering a
rise of 24 % over the year.
The graph indicating ready and future prices is given below.

34
 Spot and future prices of Copper at NMCE,Ahmedabad.

500.00

450.00

Rs. per 1 KG
400.00

350.00

300.00

250.00
31-Mar-10

12-May-10

26-May-10

9-Jun-10

23-Jun-10

7-Jul-10

21-Jul-10

13-Oct-10

27-Oct-10

10-Nov-10

24-Nov-10

8-Dec-10

22-Dec-10

5-Jan-11

19-Jan-11

2-Feb-11

16-Feb-11

2-Mar-11

16-Mar-11

30-Mar-11
1-Sep-10

15-Sep-10

29-Sep-10
14-Apr-10

28-Apr-10

4-Aug-10

18-Aug-10
Date

Spot Apr-10 Jun-10 Aug-10 Nov-10 Feb-11 Apr-11 Jun-11 Aug-11

The total quantity traded at NMCE during the period 4.05 lakh tones and Value thereof is
` 15256.03 Crore.

4. Lead:-
The ready price of Lead at NMCE, Ahmedabad, which was quoted at ` 96.30 per Kg on
31.03.2010 rose to ` 120.40 on 31.3.2011 registering a rise of 25.03% over the year.
The future price of Lead, which was quoted at ` 96.30 per 1 Kg on 31.3.2010 (March
2010 contract) rose to ` 121.60 on 31.3.2011 (May 2011 Contact) registering a rise of 26.27%
over the year.
The graph indicating ready and future prices is given below:

Spot and future prices of Lead at NMCE,Ahm edabad.

130.00

120.00

110.00
Rs.Per 1 Kg

100.00

90.00

80.00

70.00

60.00
31-Mar-10

12-May-10

26-May-10

9-Jun-10

23-Jun-10

7-Jul-10

21-Jul-10

13-Oct-10

27-Oct-10

10-Nov-10

24-Nov-10

8-Dec-10

22-Dec-10

5-Jan-11

19-Jan-11

2-Feb-11

16-Feb-11

2-Mar-11

16-Mar-11

30-Mar-11
1-Sep-10

15-Sep-10

29-Sep-10
14-Apr-10

28-Apr-10

4-Aug-10

18-Aug-10

Date

Spot 31-Mar-09 30-Apr-09 30-May-09 30-Jun-09 31-Jul-09 31-Aug-09 30-Sep-09

31-Oct-09 30-Nov-09 31-Dec-09 30-Jan-10 27-Feb-10 31-Mar-10 30-Apr-10 31-May-10

The total quantity traded at NMCE during the period was 14.09 Lakh tones and Value
thereof is ` 14787.23 Crore.
5. Aluminium:-

The ready price of Aluminium at NMCE, Ahmedabad, which was quoted at ` 101.80 per
Kg on 31.03.2010 rose to ` 115.90 on 31.3.2011 registering a rise of 13.85% over the year.
In the futures section the price of Aluminium, which was quoted at ` 101.80 per 1 Kg on
31.3.2010 (March 2010 contract) rose to ` 119 on 31.3.2011 (June 2011 Contact) registering a
rise of 16.90% over the year.
The graph indicating ready and future prices is given below

35
 Spot and future prices of Aluminium at NMCE,Ahmedabad

125.00

120.00

115.00

110.00
Rs.per 1 Kg
105.00

100.00

95.00

90.00

85.00
31-Mar-10

12-May-10

26-May-10

9-Jun-10

23-Jun-10

7-Jul-10

21-Jul-10

13-Oct-10

27-Oct-10

10-Nov-10

24-Nov-10

8-Dec-10

22-Dec-10

5-Jan-11

19-Jan-11

2-Feb-11

16-Feb-11

2-Mar-11

16-Mar-11

30-Mar-11
1-Sep-10

15-Sep-10

29-Sep-10
14-Apr-10

28-Apr-10

4-Aug-10

18-Aug-10
Date

Spot Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10

Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11

The total quantity traded at NMCE during the period 13.82 Lakh tones and Value thereof
is ` 14711.08 Crore.

IV) INDIAN COMMODITY EXCHANGE LTD. (ICEX), GURGAON

During 2010-11, ICEX accounted for 3.16 % of the total value of trade in the commodity
market. In actual terms the total value of trade in the ICEX, was ` 37.77 lakh crore. During the
year commodities were traded at ICEX. Amongst which prominent commodities traded during
the year were Gold, Silver, Crude Oil and Copper cathod. The total value of trade and the
percentage share of each of these commodities to the total value of trade at ICEX are given
below.

TOTAL VOLUME AND VALUE OF TRADE AT ICEX 2010-11

VOLUME (IN SHARE OF
VALUE ( ` IN
S.NO COMMODITY LAKH VALUE TO
CRORES)
TONNES) TOTAL

1 GOLD 0.00815 153.71 40.54

2 SILVER 0.24612 83974.04 22.23

3 CRUDEOIL 248.35007 67769.65 17.94

COPPER
4 18.17394 65107.26 17.24
CATHODE

5 OTHER 20.14673 7765.21 2.06

Grand Total - (Except

for Natural Gas VOT) 286.925004 377729.88 100.00
LT/Rs. Cr.

1. Gold:
The ready price of Gold, which was quoted at ` 16301.78 per 10 gm on 31.03.2010 rose
to ` 20742.56 on 31.03.2011, showing a rise of 27.24%. In the futures section, the price which
was quoted at ` 16294 per 10 gm (April 2010 contract) on 31.03.2010 rose ` 20730 (April 2011
contract) per 10 gm on 31.03.2011 showing a rise of 27.22%.

36
 Spot & Futures prices of Gold at ICEX

22000
21500
21000
20500
20000

Rs. per 10 Gm
19500
19000
18500
18000
17500
17000
16500
16000
31-Mar-10

9-May-10

22-May-10

4-Jun-10

17-Jun-10

30-Jun-10

13-Jul-10

26-Jul-10

12-Oct-10

25-Oct-10

7-Nov-10

20-Nov-10

3-Dec-10

16-Dec-10

29-Dec-10

11-Jan-11

24-Jan-11

6-Feb-11

19-Feb-11

4-Mar-11

17-Mar-11

30-Mar-11
3-Sep-10

16-Sep-10

29-Sep-10
13-Apr-10

26-Apr-10

8-Aug-10

21-Aug-10
SPOT 1-Apr-10 1-Jun-10 2-Aug-10 1-Oct-10 1-Dec-10 1-Feb-11
1-Apr-11 1-Jun-11 1-Aug-11

The total quantity traded in for all contracts of Gold traded was 0.00815 Lakh tonnes
valued at ` 153.714 crore.
2. Silver

The ready price of Silver, which was quoted at ` 26837.55 per kg on 31.03.2010 rose to `
55836.50 on 31.03.2011, showing a rise of 108.05%. In the futures section, the price which was
quoted at ` 26956 per Kg (May 2010 contract) on 31.03.2010 raised ` 55941 per kg (May 2011
contract) on 31.03.2011 showing a rise of 107.53%.

Spot & Futures prices of Silver at ICEX

62500

57500

52500

47500
Rs. per Kg

42500

37500

32500

27500

22500
31-Mar-10

9-May-10

22-May-10

4-Jun-10

17-Jun-10

30-Jun-10

13-Jul-10

26-Jul-10

12-Oct-10

25-Oct-10

7-Nov-10

20-Nov-10

3-Dec-10

16-Dec-10

29-Dec-10

11-Jan-11

24-Jan-11

6-Feb-11

19-Feb-11

4-Mar-11

17-Mar-11

30-Mar-11
3-Sep-10

16-Sep-10

29-Sep-10
13-Apr-10

26-Apr-10

8-Aug-10

21-Aug-10

SPOT 3-May-10 1-Jul-10 1-Sep-10 1-Dec-10 1-Mar-11 2-May-11 1-Jul-11 1-Sep-11

The total quantity traded in all contracts of silver was 0.24612 Lakh tonnes valued at
` 83974.044 crore.

3. Crude Oil
The ready price of Crude Oil, which was quoted at ` 3750.23 per Barrel on 31.03.2010
rose to ` 4702.98 on 31.03.2011, showing a rise of 25.41%. In the futures section, the price
which was quoted at ` 3752 per Barrel (April 2010 contract) on 31.03.2010 rose ` 4746 (April
2011 contract) per Barrel on 31.03.2011 showing a rise of 26.49%.

37
 Spot & Futures prices of Crude Oil at ICEX

5000

4750

4500

4250

Rs. per Barrel

4000

3750

3500

3250

3000
31-Mar-10

9-May-10

22-May-10

4-Jun-10

17-Jun-10

30-Jun-10

13-Jul-10

26-Jul-10

12-Oct-10

25-Oct-10

7-Nov-10

20-Nov-10

3-Dec-10

16-Dec-10

29-Dec-10

11-Jan-11

24-Jan-11

6-Feb-11

19-Feb-11

4-Mar-11

17-Mar-11

30-Mar-11
3-Sep-10

16-Sep-10

29-Sep-10
13-Apr-10

26-Apr-10

8-Aug-10

21-Aug-10
SPOT 19-Apr-10 19-May-10 21-Jun-10 19-Jul-10 19-Aug-10 20-Sep-10 20-Oct-10
18-Nov-10 17-Dec-10 19-Jan-11 21-Feb-11 21-Mar-11 18-Apr-11 19-May-11 20-Jun-11

The total quantity traded in Crude Oil was 248.35007 lakh tonnes valued at ` 67769.649
crore.

4. Copper
The ready price of Copper, which was quoted at ` 353.33 per kg on 31.03.2010 rose to `
421.21 on 31.03.2011, showing a rise of 19.21%. In the futures section, the price which was
quoted at ` 351.35 per kg (April 2010 contract) on 31.03.2010 raised ` 425.10 per kg (April 2011
contract) on 31.03.2011 showing a rise of 20.99%.

Spot & Futures prices of Copper at ICEX

470
460
450
440
430
420
410
400
Rs. per Kg

390
380
370
360
350
340
330
320
310
300
31-Mar-10

9-May-10

22-May-10

4-Jun-10

17-Jun-10

30-Jun-10

13-Jul-10

26-Jul-10

12-Oct-10

25-Oct-10

7-Nov-10

20-Nov-10

3-Dec-10

16-Dec-10

29-Dec-10

11-Jan-11

24-Jan-11

6-Feb-11

19-Feb-11

4-Mar-11

17-Mar-11

30-Mar-11
3-Sep-10

16-Sep-10

29-Sep-10
13-Apr-10

26-Apr-10

8-Aug-10

21-Aug-10

SPOT 30-Apr-10 30-Jun-10 31-Aug-10 30-Nov-10 28-Feb-11 29-Apr-11 30-Jun-11 31-Aug-11

The total quantity traded in Copper contracts was 18.17394 lakh tonnes valued at
` 65107.264 crore.
V) ACE COMMODITIES AND DERIVATIVES EXCHANGES

ACE Derivatives and Commodities Exchanges Ltd. which was newly granted recognition
was first permitted to trade in Mustard Seed, Refined Soya Oil, Castor Seed, Chana and Soya
Bean Commodity contracts on 26th October, 2010. Subsequently permission was also granted to
trade in Copper, Crude Oil, and Silver and Gold contracts on 7th December, 2010 and Sugar
contract was permitted on 24th December, 2010. Since October 2010, total value of commodities
traded at ACE Commodities and Derivative Exchange Ltd., Ahmedabad was ` 30057.033 crore. ,

38
ACE accounted for 0.25 % of the total value of trade in the commodity market. In actual terms,
the total value of trade in the ACE was ` 30057.03 lakh crore. The total value of trade and the
percentage share of each of these commodities to the total value of trade at ACE Commodities
and Derivatives Exchange Ltd. are given below.

% SHARE OF THE VALUE OF THE COMM ODITIES TRADED AT ACE, AHMEDABAD, DURING
April'2010 to M arch' 2011

CASTOR SUGAR
4.87% 0.91%
CHANA
10.10%

MUSTARD
14.62% REFSOYOIL
48.09%

SOYBEAN
21.42%

REFSOYOIL SOYBEAN MUSTARD CHANA CASTOR SUGAR

TOTAL VOLUME AND VALUE OF TRADE AT ACE, AHMEDABAD 2010-11

VOLUME (IN SHARE OF
VALUE ( ` IN
S.NO COMMODITY LAKH VALUE TO
CRORES)
TONNES) TOTAL
1 REFSOYOIL 23.22870 14455.775 48.09
2 SOYBEAN 27.04400 6436.805 21.42
3 MUSTARD 15.43440 4393.967 14.62
4 CHANA 11.85010 3035.435 10.10
5 CASTOR 3.54960 1462.830 4.87
6 SUGAR 0.92510 272.221 0.91
Grand Total Lakh Tonnes `
82.03190 30057.033 100.00
/Cr.

1. Ref. Soya Oil:

The ready price of Ref Soy Oil, which was quoted at ` 524 per 10 kg on 27.10.2010 rose
to ` 591.45 on 31.03.2011, showing a rise of 12.87%. In the futures section, the price which was
quoted at ` 543.70 per 10 kg (December 2010 contract) on 27.10.2010 rose ` 599.80 (April 2011
contract) per 10 kg on 31.03.2011 showing a rise of 10.32%.

39
 Spot & Futures prices of SOY OIL at ACE

700

675

650

Rs. per 10 kG
625

600

575

550

525

500

27-Oct-10

3-Nov-10

10-Nov-10

17-Nov-10

24-Nov-10

1-Dec-10

8-Dec-10

15-Dec-10

22-Dec-10

29-Dec-10

5-Jan-11

12-Jan-11

19-Jan-11

26-Jan-11

2-Feb-11

9-Feb-11

16-Feb-11

23-Feb-11

2-Mar-11

9-Mar-11

16-Mar-11

23-Mar-11

30-Mar-11
SPOT 20-Dec-10 20-Jan-11 18-Feb-11 18-Mar-11 20-Apr-11 20-May-11
20-Jun-11 20-Jul-11

The total quantity traded in for all contracts of Ref Soy Oil traded was 23.22870 Lakh
tonnes valued at ` 14455.775 crore.

2. Soya Bean

The ready price of Soy Bean, which was quoted at ` 2164.30 per 100 kg on 27.10.2010
rose to ` 2297.50 on 31.03.2011, showing a rise of 6.15%. In the futures section, the price which
was quoted at ` 2254.50 per 100kg (December 2010 contract) on 27.10.2010 rose ` 2337.50
(April 2011 contract) per 100 kg on 31.03.2011 showing a rise of 3.68%.

Spot & Futures prices of SOY BEAN AT ACE

2600

2500
Rs. per100 Kg

2400

2300

2200

2100
27-Oct-10

3-Nov-10

10-Nov-10

17-Nov-10

24-Nov-10

1-Dec-10

8-Dec-10

15-Dec-10

22-Dec-10

29-Dec-10

5-Jan-11

12-Jan-11

19-Jan-11

26-Jan-11

2-Feb-11

9-Feb-11

16-Feb-11

23-Feb-11

2-Mar-11

9-Mar-11

16-Mar-11

23-Mar-11

30-Mar-11

SPOT 20-Dec-10 20-Jan-11 18-Feb-11 18-Mar-11 20-Apr-11 20-May-11 20-Jun-11 20-Jul-11

The total quantity traded in all contracts of Soya Bean was 27.04400 Lakh tonnes valued
at ` 6436.805 crore.

3. R/M Seed

The ready price of R/M Seed, which was quoted at ` 2770 per 100 kg on 27.10.2010
declined to ` 2568 on 31.03.2011, showing a fall of 7.29%. In the futures section, the price which
was quoted at ` 2864 per 100kg (December 2010 contract) on 27.10.2010 declined to ` 2687
(April 2011 contract) per 100 kg on 31.03.2011 showing a fall of 6.18%.

40
 Spot & Future s prices of CHANA AT ACE

2900

2800

2700

Rs. Per100 Kg
2600

2500

2400

2300

2200

27-Oct-10

3-Nov-10

10-Nov-10

17-Nov-10

24-Nov-10

1-Dec-10

8-Dec-10

15-Dec-10

22-Dec-10

29-Dec-10

5-Jan-11

12-Jan-11

19-Jan-11

26-Jan-11

2-Feb-11

9-Feb-11

16-Feb-11

23-Feb-11

2-Mar-11

9-Mar-11

16-Mar-11

23-Mar-11

30-Mar-11
SPOT 20-Dec-10 20-Jan-11 18-Feb-11 18-Mar-11 20-Apr-11 20-May-11 20-Jun-11 20-Jul-11

Spot & Futur es pr ices of R/M SEED AT ACE

3100

3000

2900
Rs. per 100 KG

2800

2700

2600

2500
27-Oct-10

3-Nov-10

10-Nov-10

17-Nov-10

24-Nov-10

1-Dec-10

8-Dec-10

15-Dec-10

22-Dec-10

29-Dec-10

5-Jan-11

12-Jan-11

19-Jan-11

26-Jan-11

2-Feb-11

9-Feb-11

16-Feb-11

23-Feb-11

2-Mar-11

9-Mar-11

16-Mar-11

23-Mar-11

30-Mar-11
SPOT 20-Dec-10 20-Jan-11 20-Apr-11 20-May-11 20-Jun-11 20-Jul-11

The total quantity traded in R/M Seed was 15.43440 lakh tonnes valued at ` 4393.967
crore.

4. Chana

The ready price of Chana, which was quoted at ` 2371.50 per 100 kg on 27.10.2010
declined to ` 2291.50 on 31.03.2011, showing a fall of 3.37%. In the futures section, the price
which was quoted at ` 2436 per 100kg (December 2010 contract) on 27.10.2010 declined to
` 2383 (April 2011 contract) per 100 kg on 31.03.2011 showing a fall of 2.18%.

The total quantity traded in Chana contracts was 11.85010 lakh tonnes valued at
` 3035.435 crore.
VI) NATIONAL BOARD OF TRADE (NBOT), INDORE

The NBOT, Indore accounted for 0.43% of the total value of trade during the year 2010-
11. In actual terms the total value of trade in NBOT, Indore was ` 51662.06 crore. During the
year, Soya bean, Soy oil and Mustard seed were traded at NBOT, Indore. Of these, Soya oil
contributed 99% to the total value of trade.

TOTAL VOLUME AND VALUE OF TRADE AT NBOT, INDORE 2010-11

COMMODITIES TOTAL VOLUME TOTAL VALUE % SHARE TO THE
(IN LAKH (IN `CRORE) TOTAL VALUE
TONNES)
SOY OIL 92.97 51607.55 99.89

OTHERS 0.26 54.51 0.11

41
 TOTAL 93.23 51662.06 100.00

NBOT
1. Soy oil:-

The ready price of Soy oil at NBOT, Indore which was quoted at ` 451 per 10 Kg on
31.03.2010 rose to ` 590 on 31.3.2011 registering a rise of 30.82 % over the year.
The price of Soy oil, which was quoted at ` 447.80 per 10 Kg on 31.3.2010 (April 2010
contract) rose to ` 607.80 on 31.3.2011 (May 2011 Contact) registering a rise of 35.73% over the
year.

The graph indicating ready and future prices is given below;

Spot and future prices of Soy oil at NBOT,Indore.

690.00

640.00

590.00
Rs.per 10 Kg

540.00

490.00

440.00

390.00
12-May-10

26-May-10
31-Mar-10

14-Apr-10

28-Apr-10

4-Aug-10

18-Aug-10

10-Nov-10

24-Nov-10

2-Mar-11

16-Mar-11

30-Mar-11
9-Jun-10

23-Jun-10

7-Jul-10

21-Jul-10

1-Sep-10

15-Sep-10

29-Sep-10

13-Oct-10

27-Oct-10

8-Dec-10

22-Dec-10

5-Jan-11

19-Jan-11

2-Feb-11

16-Feb-11
Date

Spot Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10

Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11

The total quantity traded at NBOT, Indore during the period 92.97 Lakh tones and Value
thereof is ` 51607.55 Crore. The net open position of all the contracts traded at the Exchange was
7960 MT as on 31st March 2011.

42
 CHAPTER-IV
ACTION AGAINST ILLEGAL FORWARD TRADING

4. Rule 13 of the Forward Contracts (Regulation) Rules, 1954 states as under

“The Commission shall communicate information in respect of the commission of any

offence under the Act to the concerned police authorities and assist such authorities in
scrutinizing documents referred to by them and in rendering such expert advice as may be
required by them”.

4.1 In pursuance of the provisions of Rule 13 as cited above, the Commission keeps close
surveillance on the activities in illegal forward markets and communicates the intelligence
thereon, to the concerned police authorities for their verification and enforcement action. Under
the Forward Contracts (Regulations) Act, 1952, powers to conduct search, seizure and
prosecution in respect of the various offences committed under the Act, vest with the police
authorities. The officers of the Enforcement Division of the Commission assist the police
authorities, when requested, in organizing and conducting the raids. Further more, the Division
also assists the police authorities in scrutinizing the documents seized by them in the course of
their raids against persons conducting illegal forward trading. Comprehensive scrutiny reports
are prepared in the Division, on the basis of the evidence contained in the documents seized and
are then sent to the police authorities for further necessary action. Apart from carrying out these
tasks, the officers of the Enforcement Division also tender evidence in the different courts of law
as “Expert” witness, as and when summoned.

4.2 Though the prohibition on futures trading under Section 17 of the Forward Contracts
(Regulation) Act, 1952 has been revoked completely, the need of enforcement action would
continue, as long as various other forms of illegal forward trading, like “Option” in goods, (which
is totally prohibited under the Act), and “dabba” trading are reportedly prevalent in various parts
of the country.

4.3 The availability of regulated trading platform for futures trading in number of
commodities has helped in reducing the need or incentive for illegal forward trading to a large
extent.

4.4 During the period between 01.04.2010 to 31.03.2011, the following enforcement actions
were initiated under Rule 13 of the FCR (Rules) 1954;

43
 S. Activities Details
No.
1 Enquiry & Enquiry and Inspection of 3 members and 2 Exchanges,
Inspection of Books viz. NMCE Ahmedabad and FCEI, Kochi was
and Accounts undertaken.
2 Surprise check Surprise check of One member and two regional
of the exchanges were undertaken.
Members/Excha
nge:

3 Refereed to • Three Complaints regarding Dabba Trading have

other agencies been forwarded to Commissioner of Police
under Rule 13 Nagpur, Delhi and Mumbai respectively.
of the Forward
Contracts • One matter each referred to Director General of
(Regulation) Police, Rajasthan, Uttar Pradesh and Gujarat.
Rules, 1954 and • Complaints about Dabba Trading have also been
from other forwarded to SSP, Panjab, Neemuch Police, MP,
agencies/ Police SPs, Sangli, and Maharashtra.
Authorities.
• Five cases refer to police departments:

L.T. Marg Police Stattion, Mumbai

Kalupur Police, Gujarat

Dessa Police, Gujarat

Palanpur Police, Gujarat
4. Court Cases During the year 2010-11, the Commission has been
facing legal challenges through Court Cases. Seven
important cases dealt with by the Commission in the year
2010-11.

4.5 IMPORTANT COURT CASES:

In its persistent efforts to strengthen the regulatory oversight of commodity derivative

markets and its orderly development, the Commission has been facing legal challenges through
Court Cases. Following are the important cases dealt with by the Commission in the year
2010 -11.

4.5.1 The National Commodity & Derivative Exchange Limited (NCDEX) filed a Special
Leave Petition No. 9818 of 2009 on 18.04.2009 before the Hon’ble Supreme Court against the
Judgment dated 5.2.2009 of the Bombay High Court upholding the validity of the Order passed
by the Forward Markets Commission (FMC) restraining the Exchange from charging
disproportionately low transaction charges. The Ld. Solicitor General appeared on behalf of
Union of India and FMC. The matter was heard by the Hon’ble Supreme Court and the SLP was
dismissed on 10.05.10 as withdrawn.

4.5.2 The Central Electricity Regulatory Commission (CERC), in a petition filed before it by
PXIL, passed an Order dated 28.4.2009 directing, inter alia, that Multi Commodity Exchange
(MCX) and other Commodity Exchanges, which were permitted trading of forward contract by
FMC at their platform shall be governed by the orders, guidelines, regulations and other
prescriptions of CERC. The said Order of the CERC bringing within its jurisdiction forward

44
contracts in electricity was, on the advice of Ministry of Law & Justice, challenged by the
Commission through a Writ Petition filed before the Bombay High Court. While the Writ
Petition was pending before the High Court, the CERC in a Review Petition filed by MCX passed
its order dt. 11.1.2010 making extensive changes in its earlier order dated 28.04.2009 ostensibly
but maintained that CERC would have regulatory oversight in respect of electricity forward
contract. CERC also issued a Notification dated 20.1.2010 bringing into force CERC (Power
Market) Regulations 2010 in order to bring forward contract in electricity within its jurisdiction.
After hearing the matter at length, the Hon’ble Bombay High Court directed that Union of India
(UOI) should also be impleaded through Cabinet Secretary, New Delhi and the Secretary,
Ministry of Law and Justice, New Delhi and their say in the matter be filed. Thereafter the
Hon’ble High Court delivered its Judgment on 7.2.2011 declaring, inter alia, the CERC (Power
Market) Regulation 2010 inoperative so far as futures contract in electricity is concerned. The
Court also quashed and set aside the CERC orders dated 28.4.2009 and 11.1.2010 so far as
reasoning and direction with regard to futures / forward contract in electricity. The Court has,
further, declared that the Petitioner FMC and authority / Commission under it have no sole and
exclusive jurisdiction to regulate and control forward trading / futures contract in electricity and
also CERC and authorities / commission under it.SLPs filed in the Supreme Court against this
order are pending.

4.5.3 M/s. Bhagwan Das Rameshwar Dayal & Anr. Filed Writ Petition No. 56509 of 2009
before the Allahabad High Court for restoration of its trading rights in the Chamber of
Commerce, Hapur. The Union of India (UoI) and FMC were impleaded as Respondent in the
W.P. The Commission filed counter affidavit before the Allahabad High Court. Subsequently the
Petitioner filed application for withdrawal of the Writ Petition.

4.5.4 M/s. Axis Overseas Ltd. filed Writ Petition No. 770 of 2009 before the Calcutta High
Court seeking declaration of the provisions contained in the Rules, Bye-laws and Business Rules
of the MCX dealing with determination of Due Date Rate as illegal, null and void. The UoI and
FMC were impleaded as Respondents in this case. The Commission filed a counter affidavit.
The Hon’ble High Court dismissed the said Writ Petition on 3.8.2010.

4.5.5 M/s. Yashdeep Trexim Pvt. Ltd., filed Writ Petition No. 904 of 2005 before the Calcutta
High Court seeking, inter alia, withdrawal of the recognition granted to the National Multi
Commodity Exchange Ltd (NMCE); suspension of the trading rights of Collin Traders Pvt. Ltd.
(a Member of NMCE) and directions to the Respondents for fixing settlement price of raw jute on
the basis of the rates of the Jute Corporation of India and the East India Jute and Hessian
Exchange and Jute Traders Association. The UOI and FMC were impleaded as Respondents
respectively. Subsequently, the petitioners, in the year 2010, informed NMCE that they will not
proceed with the Writ Petition and that they are instructing their Advocates to withdraw the said
Writ Petition unconditionally.

4.5.6 M/s. Mira Bhayander Jagruti Sansthan filed a Public Interest Litigation – PIL No. 50 of
2010 before the Bombay High Court seeking directions to implement application of Sales Tax on
futures contracts traded on the Commodity Exchanges. The UOI and FMC were impleaded as
Respondents alongwith Commodity Exchanges and Government of Maharashtra. The
Commission filed counter affidavit and the Learned Additional Solicitor General appeared on
behalf of the Commission. The Honourable Bombay High Court dismissed the PIL at admission
stage.

45
 CHAPTER V
ADMINISTRATION AND BUDGET

The Commission comprises of Chairman Shri.Ramesh Abhishek, IAS and Shri. D. S.

Kolamkar, IES Member of the Commission.

5.1 The functioning of the Commission is done through five divisions, as given in Chapter I.

5.1.1 The group-wise composition of sanctioned strength of the commission is given in Table-
1 at page 47.

5.1.2 The number of Officers and staff belonging to S.C., S.T, Ex-servicemen, OBC, and
Physically Handicapped categories in the Commission is at Table 2 on page 49.

5.1.3 There is one visually handicapped person and one orthopaedically handicapped person in
this office. There are neither separate budgetary provisions made for the benefit of persons with
the disability nor any special scheme for the benefit of such persons in this office. A statement
giving the details of persons with disability in the different groups viz, ‘A’,’B’,’C’,’D’, is given
at Table 2 on page 49.

5.1.4 A committee for hearing grievances of women regarding sexual harassment at work place
has been constituted in this office.

5.2 Budget
The Budget Estimates of the Commission for the last five years and actual expenditure
incurred there against are given below:-
PLAN– BUDGET ESTIMATES FOR THE LAST FIVE YEARS.

Budget grant (Revised) Actual Expenditure

Year ` Lakhs)
(` ` Lakhs)
(`
PLAN NON-PLAN PLAN NON-PLAN
2006-07 200 352 156.29 278.58
2007-08 1000 387 241.89 284.82
2008-09 400 467 331.51 406.37
2009-10 805 537.30 719.31 512.71
2010-11 1053 601 922.45 474.68

5.3 Implementation of Official Language policy of the Government.

46
 In order to implement Official Language Policy, Official Language Act 1963 and Official
Language Rules 1976, effectively, the Commission took number of initiatives. Quarterly
meetings of Official Language Implementation Committee were held regularly under the
Chairmanship of the Chairman, FMC. Progress made in different areas of operation was reviewed
in the presence of senior officers of the Commission. Commission is poised to achieve the target
fixed in the Annual Programme. Hundred percent compliance of section 3(3) of Official
Language Act 1963 was ensured. Rule 5 and 7 of Official Language Rules 1976 was complied
with and proper check points have been devised to monitor the progress of Hindi. Four Hindi
workshops were organized during the year and officials were briefed about statutory provisions
with respect to the Official Language.

During Hindi fortnight celebrations, which were observed from 2nd Sept. to 16th Sept.
2010 various competitions were organized for the staff and they were honored with cash prizes
and certificates. Proper representation of the Commission was ensured in various forums viz
Hindi Advisory Committee and Town Official Language Implementation Committee etc.
TABLE - I
STATEMENT SHOWING THE STAFF POSITION
(AS ON 31st March 2011)
Forward Markets Commission, Mumbai

S. Name of Post Group Number of Post(s)

No. (Gazetted/Non-Gazetted) Sanctio In Vacant
and Pay Band + Grade Pay ned posit
ion
1. 2. 3. 4. 5.
1. Chairman 1 1 -
HAG Rs.80000/- fixed
2. Member 2 2 -
` 37400-67000 - 10000
Group A
3. Economic Adviser, FMC 1 1 -
` 37400-67000 - 10000
4. Director,IES 1 1 -
` 15600-39100 + 8700
Director (Ex-cadre)
` 15600-39100 + 8700.
Director (Ex-cadre)
` 15600-39100 + 7600 12 7* 5
6. A. Deputy Director (Gr.III 5 2 3
IES) ` 15600-39100 + 6600
B. Deputy Director(Ex-cadre) 13 7 6
15600-39100 + 6600
7. (A) Assistant Director (Ex 14 12 2
cadre)
` 15600-39100 + 5400
(B) Assistant Director 5 - 5
(Grade IV IES)
` 15600-39100 + 5400
Total Group ‘A’ 54 33 21
GROUP ‘B’

47
S. Name of Post Group Number of Post(s)
No. (Gazetted/Non-Gazetted) Sanctio In Vacant
and Pay Band + Grade Pay ned posit
ion
1. 2. 3. 4. 5.
8. (C) Hindi Officer 1 1 -
` 15600-39100 + 5400
Assistant Secretary
` 9300-34800 + 4600 1 - 1
9. Senior P.S. 1 1 -
` 9300-34800 + 4800
10. Private Secretary 2 2 -
` 9300-34800 + 4200
11. Economic Officer 13 5 08 *
` 9300-34800 + 4600
Total ‘B’ Gazzetted 18 9 9
12. GROUP ‘B” Non-gazetted
Superintendent 1 - 1
` 9300-34800 + 4200
Total ‘B’ Non-gazetted 1 - 1
GROUP ‘C’
13. Deputy Superintendent 1 1 -
` 9300-34800 + 4200
14. Stenographer Grade I 2 - 2
` 9300-34800 + 4200
15. Translator (Mudia) 1 - 1
` 9300-34800 + 4200
16. Translator (Gujarati) 1 1 -
` 9300-34800 + 4200
17. Jr. Hindi Translator 2 1 1
` 9300-34800 + 4200
18. Junior Research Assistant 12 10 2
` 9300-34800 + 4200
19. Stenographer Gr.II 2 2 -
` 9300-34800 + 4200
20. Assistant 2 2 -
` 9300-34800 + 4200
21. Stenographer Gr.III 5 - 5
` 4000-100-6000
22. Upper Division Clerk 7 4 3
` 5200-20200 + 2400
23. Lower Division Clerk 6 6 --
` 5200-20200 + 1900
24. HindiTypist5200- 1 1 -
20200+1900
25. Staff Car Driver 1 - 1
` 5200-20200 + 1800
26. Computor 4 1 3
` 5200-20200 + 1900
Total of Group ‘C’ 47 29 18
GROUP ‘D’
27. Gestetner Operator 1 1 -
` 5200-20200 + 1800

48
 S. Name of Post Group Number of Post(s)
No. (Gazetted/Non-Gazetted) Sanctio In Vacant
and Pay Band + Grade Pay ned posit
ion
1. 2. 3. 4. 5.
28. Daftary 3 3 -
` 5200-20200 + 1800
29. Sr. Peon 1 1 -
` 5200-20200 + 1800
30. Peon 7 2 5
` 5200-20200 + 1800
31. Hamal 1 - 1
` 5200-20200 + 1800
32. Safaiwala 2 2 -
` 5200-20200 + 1800
Total Group ‘D’ 15 9 6

TOTAL:(A+B+C+D) 135 80 55

TABLE - II

STATEMENT SHOWING THE REPRESENTATION OF SC/ST/OBC/PH/VH/EXM OF

OFFICERS
(AS ON 31st March 2011)

Group of Sanction Total Number of employees of Col.3 EX Women

post ed post number belonging to M Employees
of PH in position
employee
s in
position
SC ST OB V H O
C H H H
1 2. 3 4 5 6 7 8 9 10 11

Group A 54 33 3 - 2 1 - - - 11
(Gazetted)
Group B 18 9 1 - 3 - - - - 2
Gazetted
Group B 1 - - - - - - - - -
Non-
Gazetted
Group C 47 29 5* - 3 1* - - 1 9

Group D 15 9 2 ** 2 1 2* - - - 3
*
TOTAL 135 80 11 2 9 4 - 1 1 25

49
VH –Visually Handicapped
HH – Hearing Handicapped
OH – Orthopedically Handicapped
EXM – Ex-serviceman
There are 39 temporary posts which are filled up for which yearly approval is required to
be obtained from the Ministry. The Recruitment Rules for the said posts are pending for
approval from the ministry. Hence, the bifurcation of SC/ST/OBC is not mentioned for
these posts.
*One group C employee is SC as well as VH
**One Group D employee is SC as well as VH.

50
 Annexure I

LIST OF COMMODITIES NOTIFIED UNDER SECTION 15 OF THE F.C. (R.) ACT

1952.

Sl. No. Commodity Sl. No. Commodity

(I) FOOD GRAINS AND (III) SPICES
PULSES
1 Arhar Chuni 60 Aniseed
2 Bajra 61 Betelnuts
3 Barley 62 Cardamom
4 Gram 63 Chillies
5 Gram Dal 64 Cinnamon
6 Guar 65 Cloves
7 Jowar 66 Coriander seed
8 Kulthi 67 Ginger
9 Lakh (Khesari) 68 Methi
10 Maize 69 Nutmegs
11 Masur 70 Pepper
12 Moth 71 Turmeric
13 Mung (IV) METALS
14 Mung Chuni 72 Copper
15 Mung Dal 73 Zinc
16 Peas 74 Lead
17 Ragi 75 Tin
18 Rice or Paddy 76 Gold
19 Small Millets (Kodan 77 Silver
Kulti, Kodra, Korra,
Vargu, Sawan, Rala,
Kakun, Samai, Vari &
Banti)
20 Tur Dal (Arhar Dal) 78 Silver Coins
21 Tur(Arhar) (V) FIBRES AND
MANUFACTURES
22 Urad (Mash) 79 Art Silk Yarn
23 Urad dal 80 Cotton Cloth
24 Wheat 81 Cotton pods
(II) OILSEEDS AND OILS 82 Cotton Yarn
25 Celeryseed 83 Indian Cotton (Full pressed, half
pressed or loose)
26 Copra Oil/Coconut Oil 84 Jute goods (Hessian and
Sackings and cloth and /or bags,
twines and/or yarns mfd by any
of the mills and/or any other
manufacturers of whatever nature
made from jute)
27 Copra Oilcake / Coconut 85 Kapas
Oilcake
28 Copra/Coconut 86 Raw Jute (including Mesta)
29 Cottonseed 87 Staple Fibre Yarn
30 Cottonseed Oil (VI) OTHERS
31 Cottonseed Oilcake 88 Camphor
32 CPO Refined 89 Castor seed

51
Sl. No. Commodity Sl. No. Commodity
33 Crude Palm Oil 90 Chara or Berseem (including
chara seed or berseem seed)
34 Crude Palm Olive 91 Crude Oil
35 Groundnut 92 Gram Husk (Gram Chilka)
36 Groundnut Oil 93 Gur
37 Groundnut Oilcake 94 Khandsari Sugar
38 Linseed 95 Polymer
39 Linseed oil 96 Potato
40 Linseed Oilcake 97 Rubber
41 Rapeseed Oil/Mustard 98 Seedlac
Oil
42 Rapeseed Oilcake/ 99 Shellac
Mustardseed Oilcake
43 Rapeseed/Mustardseed 100 Sugar
44 RBD Palmolein 101 Furnace Oil
45 Rice Bran 102 Ethanol
46 Rice Bran Oil 103 Cooking Coal
47 Rice Bran Oilcake 104 Electricity
48 Safflower 105 Natural Gas
49 Safflower Oil 106 Onion
50 Safflower Oilcake 107 Corban Credit
51 Sesamum (Til or Jiljilli) 108 Thermo coal
52 Sesamum Oil 109 Methanol
53 Sesamum Oilcake 110 Melted Menthol Flakes
54 Soy meal 111 Mentha Oil
55 Soy Oil 112 Menthol Crystals
56 Soybean 113 Iron Ore
57 Sunflower Oil
58 Sunflower Oilcake
59 Sunflower Seed

52
 Annexure II

List of the Exchanges

S.No. Name of the Exchanges

A. National Multi Commodity Exchanges
1 National Multi Commodity Exchange of India Ltd., Ahmedabad (NMCE)
2 Multi Commodity Exchange of India Ltd., Mumbai (MCX)
3 National Commodity & Derivatives Exchange Ltd., Mumbai (NCDEX)
4 Indian Commodity Exchange Ltd., Mumbai (ICEX)
5 ACE Derivatives and Commodity Exchange, Ahmedabad
B. Commodity Specific Regional Exchanges
6 Bikaner Commodity Exchange Ltd, Bikaner
7 Bombay Commodity Exchange Ltd, Mumbai
8 Central India Commercial Exchange Ltd, Gwalior
9 Cotton Association of India, Mumbai
10 The Chember of Commerce, Hapur
11 East India Jute & Hessian Exchange Ltd., Kolkata
12 First Commodity Exchange of India Ltd, Kochi
13 Haryana Commodities Ltd., Sirsa
14 India Pepper & Spice Trade Association, Kochi
15 The Meerut Agro Commodities Exchange Company Ltd, Meerut
16 National Board of Trade, Indore
17 Rajkot Commodity Exchange Ltd., Rajkot
18 Spices & Oilseeds Exchange Ltd, Sangli
19 Surendranagar Cotton Oil & Oilseeds Association Ltd, Surendranagar
20 The Rajdhani Oil & Oilseeds Exchange Ltd, Delhi
21 Vijai Beopar Chamber Ltd., Muzaffarnagar

53
 Annexure III- (A)

(A) Trading Permissions granted to National Exchanges during the year.

1. MCX, Mumbai

Sr. Date of
No. Commodities Contracts permitted Permission
Feb.2011, April, June,
1 Copper Aug., Nov 2011. 22/04/2010
2 Crude Oil January to Dec. 2011 22/04/2010
Feb.2011, April, June,
3 Gold Aug.,Oct & Dec. 2011 22/04/2010
March 2011, May,
July, Sept, & Dec.
4 Silver 2011 22/04/2010
March 2011, May,
July, Sept, & Dec.
5 Silver Mini 2011 22/04/2010
6 Kapas April-11 16/04/2010
7 Aluninium January to Dec. 2011 3/8/2010
8 Cardamom January to Dec. 2011 3/8/2010
9 Chana January to Dec. 2011 3/8/2010
10 CER January to Dec. 2011 3/8/2010
11 Cotton January to Dec. 2011 3/8/2010
12 Crude Palm Oil January to Dec. 2011 3/8/2010
13 Gsoline January to Dec. 2011 3/8/2010
14 Gold Guinea January to Dec. 2011 3/8/2010
15 Gold Mini January to Dec. 2011 3/8/2010
16 Guar Seed January to Dec. 2011 3/8/2010
17 Heating Oil January to Dec. 2011 3/8/2010
18 Lead January to Dec. 2011 3/8/2010
19 Lead Mini January to Dec. 2011 3/8/2010
20 Mentha Oil January to Dec. 2011 3/8/2010
21 Natural Gas January to Dec. 2011 3/8/2010
22 Nickel January to Dec. 2011 3/8/2010
23 Platinum January to Dec. 2011 3/8/2010
24 Potato (Agra) January to Dec. 2011 3/8/2010
25 Refined Soy Oil January to Dec. 2011 3/8/2010
26 Soya Bean January to Dec. 2011 3/8/2010
27 Whet January to Dec. 2011 3/8/2010
28 Zinc January to Dec. 2011 3/8/2010
29 Zinc Mini January to Dec. 2011 3/8/2010
30 ATF January to June 2011 3/8/2010
31 Barley January to June 2011 3/8/2010
32 Coriander January to June 2011 3/8/2010
33 Imported Thermal Coal January to June 2011 3/8/2010
34 Kapsia Khali January to June 2011 3/8/2010
35 Meltede Menthol Flakes January to June 2011 3/8/2010
36 Mild Steel Ingot/ Biollets January to June 2011 3/8/2010
37 Rubber January to June 2011 3/8/2010
38 Tin January to June 2011 3/8/2010

54
Sr. Date of
No. Commodities Contracts permitted Permission
39 Turmeric January to June 2011 3/8/2010
40 Maize Feed/ Ind. Grade January to June 2011 4/10/2010
41 Potato (Tarkeshwar) March to Nov. 2011 11/10/2010
Almond (Non Pariel) Jhan, Feb., April, June,
Sept., Oct., Nov. &
42 Dec.2011 25/10/2010
43 Brent Crude Oil January to June 2011 25/10/2010
44 Gold Petal (New) January to June 2011 22/11/2010
45 Sugar M January to June 2011 24/12/2010
46 Red Chilli Feb. to Aug. 2011 5/1/2011
Cottonseed Wash Oil
47 (New) Feb. to June 2011 7/1/2011
Feb, March, April and
48 Iron Ore (New) May 2011 28/01/2011
Silver Micro (New) Feb. April and June
49 2011 4/2/2011
50 Aluminium Mini (New) March to June 2011 17/02/2011
51 Sugar M July 2011 to Dec. 2011 9/3/2011

2. NCDEX

Date of
Sr. No. Commodities Contracts Permitted Permission
1 Brent Crude oil July 2010 to December 2010 7/4/2010
2 Gasoline July 2010 to December 2010 7/4/2010
3 Heating oil July 2010 to December 2010 7/4/2010
4 Lead July 2010 to December 2010 7/4/2010
5 V-797 Kapas Feb.2011,March 2011& April,2011 12/4/2010
Maize fed/Industrial
June2010 to December 2010 6/5/2010
6 Grade
7 Aluminium July 2010 to December 2010 3/6/2010
8 Nickel July 2010 to December 2010 3/6/2010
9 Zinc July 2010 to December 2010 3/6/2010
10 Thermal Coal July 2010 to December 2010 3/6/2010
11 Crude Palm Oil Sept.2011 to June 2011 1/7/2010
12 Almond January 2011 to December 2011 3/8/2010
13 Castorseed January 2011 to December 2011 3/8/2010
14 Chana January 2011 to December 2011 3/8/2010
15 Chilli January 2011 to December 2011 3/8/2010
16 Copper Cathode January 2011 to December 2011 3/8/2010
17 Cottonseed oil cake January 2011 to December 2011 3/8/2010
18 Guargum January 2011 to December 2011 3/8/2010
19 Guarseed January 2011 to December 2011 3/8/2010
20 Gur January 2011 to December 2011 3/8/2010
21 Jeera January 2011 to December 2011 3/8/2010
Maize fed/Industrial
22 Grade January 2011 to December 2011 3/8/2010
23 Natural Gas January 2011 to December 2011 3/8/2010
24 Pepper January 2011 to December 2011 3/8/2010
25 Rapeseed/Mustardseed January 2011 to December 2011 3/8/2010
26 Refined Soy oil January 2011 to December 2011 3/8/2010

55
 Date of
Sr. No. Commodities Contracts Permitted Permission
27 Soyabean January 2011 to December 2011 3/8/2010
28 Steel Long January 2011 to December 2011 3/8/2010
29 Turmeric January 2011 to December 2011 3/8/2010
30 Wheat January 2011 to December 2011 3/8/2010
31 Barly January 2011 to December 2011 3/8/2010
32 Coriender January 2011 to December 2011 3/8/2010
33 Potato January 2011 to December 2011 3/8/2010
34 Light Sweet Crude Oil January 2011 to December 2011 3/8/2010
35 Silver(30kg) January 2011 to December 2011 3/8/2010
36 Silver(5kg) January 2011 to December 2011 3/8/2010
37 Gold (1kg) January 2011 to December 2011 3/8/2010
38 Gold(100gms) January 2011 to December 2011 3/8/2010
39 Brent Crude oil January 2011 to June 2011 3/8/2010
40 Heating oil January 2011 to June 2011 3/8/2010
Mustard Oil (Kacchi
41 ghani) January 2011 to June 2011 3/8/2010
42 Lead January 2011 to June 2011 3/8/2010
43 Mentha oil January 2011 to June 2011 3/8/2010
44 Nickel Cathode January 2011 to June 2011 3/8/2010
45 Gasoline January 2011 to June 2011 3/8/2010
46 Zinc Ingots January 2011 to June 2011 3/8/2010
47 Platinum January 2011 to June 2011 3/8/2010
48 Tharmal Coal January 2011 to June 2011 3/8/2010
49 Sugar M & S January 2011 to June 2011 24/12/2010
50 Rubber Feb. 2011 to June 2011 24/1/2011
51 Polyvinvl Chloride March 2011 to August 2011 17/2/2011
52 V797-Kapas Feb.2012,March 2012 & April 2012 18/2/2011

3. NMCE, Ahmedabad

Sr.
No. Commodities Contracts permitted Date of permission
1 Pepper Jan. 2011 to Dec. 2011 15.07.2010
2 Castor Seed Jan. 2011 to Dec. 2011 4.08.2010
3 Copro Jan. 2011 to Dec. 2011 4.08.2010
4 Chana Jan. 2011 to Dec. 2011 4.08.2010
5 Coffee Rep Bulk Jan. 2011 to Dec. 2011 4.08.2010
6 Guar Gum Jan. 2011 to Dec. 2011 4.08.2010
7 Guar Seed Jan. 2011 to Dec. 2011 4.08.2010
8 Isabgul seed Jan. 2011 to Dec. 2011 4.08.2010
Rape/ Mustard
9 Seed Jan. 2011 to Dec. 2011 4.08.2010
10 Rubber Jan. 2011 to Dec. 2011 4.08.2010
11 Sacking Jan. 2011 to Dec. 2011 4.08.2010
12 Soy Oil Jan. 2011 to Dec. 2011 4.08.2010
13 Turmeric Jan. 2011 to Dec. 2011 4.08.2010
14 Raw Jute Jan. 2011 to Dec. 2011 4.08.2010
15 Kalyn Kapas Jan. 2011 to Dec. 2011 4.08.2010
16 Aluminium Jan. 2011 to Dec. 2011 4.08.2010
17 Lead Jan. 2011 to Dec. 2011 4.08.2010
18 Nickel Jan. 2011 to Dec. 2011 4.08.2010

56
Sr.
No. Commodities Contracts permitted Date of permission
19 Zinc Jan. 2011 to Dec. 2011 4.08.2010
20 Copper Jan. 2011 to Dec. 2011 4.08.2010
21 Kilo Gold Jan. 2011 to Dec. 2011 4.08.2010
22 Silver Jan. 2011 to Dec. 2011 4.08.2010
Gold
23 Guinea(8gms) Jan. 2011 to Dec. 2011 4.08.2010
24 Cardamom Jan 2011 to June 2011 4.08.2010
25 Wheat Jan 2011 to June 2011 4.08.2010
26 Menthol Crystal Jan 2011 to June 2011 4.08.2010
27 Gold Jan. 2011 to June 2011 4.08.2010
March 2011 to June
28 Mentha Oil 2011 1.03.2011
Sugar-S & Sugar- March 2011 to June
29 M 2011 3.03.2011

4. ICEX.

Sr. Contracts
No. Commodities Permitted Date of permission
July 2010 toDec.
1 Chana 2010 15/06/2010
July 2010 toDec.
2 Raw Jute 2010 15/06/2010
July 2010 toDec.
3 Mentha Oil 2010 15/06/2010
Feb.2011 to Nov.
4 Copper Cathode 2011 23/06/2010
Feb.2011 to Nov.
5 Gold 2011 23/06/2010
Feb.2011 to Nov.
6 Silver - 5 Kg. 2011 23/06/2010
Jan. 2011 to Dec.
7 Gold 100 Gms. 2011 3/11/2010
Jan. 2011 to Dec.
8 Crue Oil 2011 3/11/2010
Jan. 2011 to Dec.
9 Natural Gas 2011 3/11/2010
Jan. 2011 to Dec.
10 Lead 2011 3/11/2010
Jan. 2011 to Dec.
11 Refind Soy Oil 2011 3/11/2010
Jan 2011 to Dec.
12 Raw Jute 2011 3/11/2010
Jan 2011 to Dec.
13 Mentha Oil 2011 3/11/2010
Jan 2011 to Dec.
14 Mustrd Seed 2011 6/12/2010
Jan 2011 to Dec.
15 Soyabean 2011 6/12/2010
March, April, May
16 Iron Ore (New) and June 2011 28/01/2011

57
 5. ACE, Ahmedabad

Sr. No. Contracts Details of Contracts Date

1 Mustardseed December 2010 to June 2010 26/10/2010
Refined Soy
26/10/2010
2 oil December 2010 to June 2010
3 Castorseed December 2010 to June 2010 26/10/2010
4 Chana December 2010 to June 2010 26/10/2010
5 Soyabean December 2010 to June 2010 26/10/2010
6 Copper January 2011 to June 2011 7/12/2010
7 Crude oil January 2011 to June 2011 7/12/2010
8 Silver January 2011 to June 2011 7/12/2010
9 Gold January 2011 to June 2011 7/12/2010
10 Sugar (M) January 2011 to June 2011 24/12/2010
11 Mustardseed July 2011 to December 2011 28/2/2011
12 Chana July 2011 to December 2011 28/2/2011
Refined Soy
13 oil July 2011 to December 2011 28/2/2011
14 Soyabean July 2011 to December 2011 28/2/2011

(B) Trading Permissions granted to the Regional Exchanges

S.No. Name of Name of the Name of the deliveries Date of permission

the commodities
Exchange
1. ACE Ltd., Castor seed October 2010 and 10.5.2010
Ahmedabad December 2010
2. BCE Ltd., Guar seed June 2010 30.4.2010
Bikaner
Guar seed July 2010 19.5.2010
Guar seed August 2010 and 15.6.2010
September 2010
Guar seed October 2010 19.8.2010
Guar seed November 2010 30.9. 2010
Guar seed January 2011 25.10. 2010
Guar seed March 2011 24.12. 2010
Guar seed May 2011 18.2. 2011
3. BCE Ltd., Castor seed March 2011, June 2011, 8.12. 2010
Mumbai September 2011 and
December 2011
4. CICE Ltd., Mustard seed August 2010 1.4. 2010
Gwalior
Mustard seed November 2010 3.6. 2010
May 2011 1.10. 2010
5. COC, Gur July 2010 and 10.5. 2010
Hapur December 2010
Gur March 2011 9.11. 2010
Gur May 2011 7.2. 2011
Mustard seed September 2010 and 15.6. 2010
November 2010

58
S.No. Name of Name of the Name of the deliveries Date of permission
the commodities
Exchange
Mustard seed January 2011 28.10. 2010
Mustard seed March 2011 and May 24.12. 2010
2011

6. EIJHE, TSD – Jute July – September 2010 10.5. 2010

Kolkata Goods i.e
Hessian and
Sacking
TSD – Jute October - December 5.8. 2010
goods 2010
TSD – Jute January 2011 – March 4.10. 2010
goods 2011
TSD – Jute April 2011 – June 2011 9.12. 2010
goods
7. FCEI Ltd., Copra and December 2010, 19.7. 2010
Kochi Coconut oil January 2011, February
2011 and March 2011

April 2011, May 2011, 10.12. 2010

June 2011 and July
2011

8. HCL, Sirsa Mustard seed July 2010 and 19.4. 2010

September 2010
Mustard seed May 2011 and July 8.3. 2011
2011
Mustard seed November 2010 and 26.8. 2010
January 2011

Cotton seed July 2010 and 19.4. 2010

oil cake September 2010

Cottonseed November 2010 and 26.8. 2010

oil cake January 2011

Cottonseed May 2011 and July 10.3. 2011

oil cake 2011
9. IPSTA, Pepper MG- December 2010, 15.6. 2010
Kochi 1 January 2011 and
February 2011

Pepper MG- March 2011, April 2011 8.9. 2010

1 and May 2011
Pepper MG- June 2011, July 2011
1 and August 2011 24.12. 2010
Pepper MG- September 2011, 28.2. 2011
1 October 2011 and
November 2011
10. MACE Gur December 2010 3.6. 2010
Ltd.,
Meerut

59
S.No. Name of Name of the Name of the deliveries Date of permission
the commodities
Exchange
Gur March 2011 3.12. 2010

Gur May 2011 14.2. 2011

11. NBOT, Soya oil, July 2010 8.4. 2010

Indore Soya meal
and Soya
bean
Soya oil August 2010 21.5. 2010

Soya meal August 2010

Soya bean August 2010,

September 2010,
October 2010 and
November 2010
Soya oil and September 2010 and 7.7. 2010
Soya meal October 2010
Soya oil and November 2010 28.7. 2010
Soya meal
Soya oil, December 2010 19.8. 2010
Soya meal
and Soya
bean
Soya oil January 2011 and 29.10. 2010
February 2011
March 2011 9.12. 2010
Soya meal January 2011 and 29.10. 2010
February 2011
March 2011 9.12. 2010
Soya bean January 2011, February 29.10. 2010
2011 and March 2011
Soya oil, April 2011, May 2011, 3.3. 2011
Soya meal June 2011, July 2011,
and Soya August 2011 and
bean September 2011
Mustard seed September 2010, 14.7. 2010
November 2010,
January 2011, February
2011 and May 2011
Mustard seed September 2010, 14.7. 2010
November 2010,
January 2011, February
2011 and May 2011
12. RCEL, Castor seed September 2010 and 13.4. 2010
Rajkot December 2010
March 2011, June 2011, 11.10. 2010
September 2011 and
December 2011

60
S.No. Name of Name of the Name of the deliveries Date of permission
the commodities
Exchange
Soyabean oil August 2010, 1.7. 2010
September 2010 and
October 2010
December 2010, 2.11. 2010
January 2011 and
February 2011
13. SCOA Ltd., Kapas April 2011 2.8. 2010
Surendra
-nagar
14. ROOE, Mustard seed August 2010 13.4. 2010
Delhi
Mustard seed November 2010 14.7. 2010
Mustard seed February 2011 28.10. 2010
Mustard seed May 2011 7.2. 2011
Gur March 2011 24.12. 2010
Gur May 2011 15.2. 2011
15. VBC, Gur July 2010 6.4. 2010
Muzaffar
-nagar
Gur December 2010 25.5. 2010
Gur March 2011 8.11. 2010
Gur May 2011 25.3. 2011

61
 Annexure IV

Open Interest Limits in Agri-Commodities Contracts.

S.No. Commodity Unit Open Interest Limit

Aggregate(all contract Delivery(Near) month
months)
Member * Client Member * Client
1 2 3 4 5 6 7
Major Food Items
1 Chana (Gram) MT 1,00,000 20,000 20,000 4,000
2 Potato MT 1,00,000 20,000 15,000 3,000
3 Rape/Mustard seed MT 1,25,000 25,000 35,000 7,000
4 Soya seed MT 1,50,000 30,000 40,000 8,000
Major Food Items (contd.)
5 Refined Soya Oil MT 1,25,000 25,000 30,000 6,000
6 Wheat MT 1,00,000 20,000 25,000 5,000
7 CPO MT 1,25,000 25,000 40,000 8,000
8 Maize MT 1,00,000 20,000 25,000 5,000

Minor Food items

9 Jeera MT 3,000 600 1,000 200
10 Pepper MT 4,500 900 1,500 300
11 Red Chilli MT 12,500 2,500 4,000 800
12 Turmeric MT 20,000 4,000 5,000 1,000
13 Cardamom MT 800 160 200 40

Major Non-Food Items

14 Cotton Cake MT 1,00,000 20,000 25,000 5,000

Minor Non-Food Items

15 Guar Gum MT 5,000 1,000 1,000 200
16 Guar Seed MT 15,000 3,000 5,000 1,000
17 Castor seed MT 40,000 8,000 10,000 2,000
18 Coriander MT 7,500 1,500 2,500 500

NB: * A member’s open interest limit at aggregate (all contracts) level will be either the absolute
number indicated above or 15% of the total market wide open position in the commodity,
whichever is higher. In case of delivery (near) month, a member’s open interest limits will be
either the absolute number indicated above or 15% of the total near month open position in the
commodity, whichever is higher.

These revised limits were made effective from 25.2.2011.

62
 Annexure -V

Open Interest Limits in Non-agri-Commodities Contracts.

S.No. Commodity Unit Aggregate (all contract

months) Limits on Open
Positions
Member* Client
A Precious Metals
1 Gold MT 12.5 2.5
2 Silver MT 300 60
3 Platinum Kg. 750 150

B Metals
4 Aluminium MT 75,000 15,000
5 Copper MT 25,000 5,000
6 Tin MT 2,200 440
7 Nickel MT 3,000 600
8 Zinc MT 18,000 3,600
9 Lead MT 9,000 1,800

C Energy Products
10 Aviation Turbine Fuel Barrels 30,00,000 6,00,000
11 Brent Crude Oil Barrels 20,00,000 4,00,000
12 Crude Oil Barrels 24,00,000 4,80,000
13 Natural Gas mmBtu 300,00,000 60,00,000
14 Thermal Coal MT 20,00,000 4,00,000

D Environment
15 Certified Emission MT 25,00,000 5,00,000
Reduction (CER)
16 CFI MT 25,00,000 5,00,000

E Industrial Products
17 Steel-Long (G) MT 6,00,000 1,20,000
18 Heating Oil contracts 25,000 5,000
19 Gasoline contracts 25,000 5,000

NB: * A member’s open interest limit at aggregate (all contracts) level will be either the absolute
number indicated above or 15% of the total market wide open position in the commodity,
whichever is higher.

These limits were made effective from 11th March, 2011.

63
 Annexure - VI

Guidelines for facilitating fixation of Due Date Rate for Commodity Specific (Regional)
Exchanges:
The Exchange shall constitute a DDR Committee which will be a committee of the Board
and would comprise of at least 50% members who are other than the trading members.
Secretary/Executive Director of the Exchange would be Member Secretary of the DDR
Committee. Besides, top two members holding highest long and highest short position,
respectively, shall be invited as observers at the time of fixing of DDR by the Committee. If top
two members holding highest long and highest short position are not available /are not
willing to come, then authorized representatives of the highest long/short position holder
may be called as observers in the Committee meeting. Since bye-laws of the Exchanges at
present do not provide for constitution of “Due Date Rate Committee” for fixing due date rate,
the Exchanges are accordingly required to effect suitable amendments to their bye-laws to that
effect. All the prescribed processes relating to DDR fixation must be followed by the DDR
Committee.

DDR Committee would decide the names of at least 15 entities / persons of various trade
interests from upcountry markets for forming Spot Polling Price Panel. “Upcountry” means the
centers that have been indicated in the bye-laws of the Exchange. The said panel would be
reviewed after one year for exclusion/inclusion of panelists. At least 20% of the panelists will be
changed every year. The committee will ensure that the entities/persons forming polling panel
should not be related /connected to each other or to the DDR committee members or to Directors
of the Exchange. It means that the entities should not have any cross shareholding, family
relationship and commercial relationship among themselves, and with the DDR committee
members or with the Directors of the Exchange.

The spot rates would be collected from panelists on the polling panel on daily basis,
starting with three days prior to the due date of the contract, so that the trade would be aware of
likely price trend beforehand. This information must be disseminated to trade and be placed on
the notice board of the exchange on daily basis.

The spot prices should be polled over phones (with speaker on) in front of all the DDR
Committee members present, including top two members holding the highest long and highest
short position. While making telephonic calls, voice recording in electronic form shall be
maintained for a period of six months (In other words, audio recording of making calls has to be
done and records maintained for minimum of six months).

Average of the spot prices of last three days, on which spot prices are available, prior to
the due date but not earlier than seven days would be considered for fixing DDR. The rates would
be polled once a day during 1.00 p.m. to 4.00 p.m. in order to capture this most active trade time

DDR has to be arrived by the DDR Committee in terms of the procedure prescribed
therefore in the relevant bye-laws and these guidelines, and then recommended to the Board of
the Exchange for its final approval. On the recommendations of DDR Committee, the Board may,
in their discretion, as deemed fit; provide its approval to DDR recommended by the DDR

64
 Committee. If the Board wishes to modify DDR proposed by the DDR Committee for cogent and
sufficient reason(s), the same shall be duly recorded in the minutes of the Board along with the
full justification. Once DDR is fixed, it shall be announced immediately in the trading ring and
displayed on the notice board and website of the Exchange. All the responsibilities relating to
fixation of DDR shall be that of the Board.

All the records of DDR fixation of each contract would be maintained for 6 months. The
proceedings of DDR fixation of each contract would be sent to the Commission on the same day
(due date) by fax.
Annexure VII - A
Details of Awareness Programmes organized during the year 2010-11

S. No. Name of the lead Exchange Category Place Date

1 NCDEX, Mumbai Traders Dehradhun, Uttaranchal 3.4.2010

2 NCDEX, Mumbai Traders & Dimapur, Nagaland 9.4.2010
Farmers
3 NCDEX, Mumbai Traders Mandi Gobindgarh 10.4.2010
Punjab
4 MCX, Mumbai General Rajamundry, AP 13.4.2010
5 NCDEX, Mumbai Traders Rajkot, Gujarat 15.4.2010
6 NCDEX, Mumbai Members and Kanpur, Uttar Pradesh 16.4.2010
Traders
7 MCX, Mumbai General Chalkere, Chitradurga 16.4.2010
District, Karnataka
8 NCDEX, Mumbai Traders Indore, Madhya Pradesh 20.4.2010
9 NCDEX, Mumbai Steel Traders Chennai IFMR, 30.4.2010
Tamil Nadu
10 NCDEX, Mumbai Mandi Board Raipur Chattisgarh 3.5.2010
11 NCDEX, Mumbai Traders & Begusarai Bihar 3.5.2010
Farmers
12 MCX-GSK Farmers Vill: Jamni; Chikni Branch 3.5.2010
Post Office (Deoli GSK,
Wardha, Maharashtra)
13 MCX-GSK Farmers Vill: Digadoha, Sonegaon 4.5.2010
Branch Post Office (Deoli
GSK, Wardha, Maharashtra)
14 MCX-GSK Farmers Vill: Falhapur, Andori 4.5.2010
Branch Post Office (Deoli
GSK, Wardha, Maharashtra)
15 NCDEX, Mumbai Members & Patna, Bihar 4.5.2010
Traders
16 MCX Mumbai Farmers, Traders, Kancheepuram 5.5.2010
Retail clients Tamil Nadu
17 MCX-GSK Farmers Vill: Adegaon, Gaul Branch 5.5.2010
Post Office (Deoli GSK,
Wardha, Maharashtra)
18 MCX-GSK Farmers Vill: Ratnapur Bhidi Branch 5.5.2010
Post Office (Deoli GSK,
Wardha, Maharashtra)
19 MCX-GSK Farmers Vill: Esapur Nandora Branch 6.5.2010
Post Office (Deoli GSK,
Wardha, Maharashtra)

65
S. No. Name of the lead Exchange Category Place Date

20 MCX-GSK Farmers Vill: Dhighi, Selsura Branch 6.5.2010

Post Office (Deoli GSK,
Wardha, Maharashtra)
21 NCDEX, Mumbai Traders Sultanbatheri Kerala 6.5.2010
22 NCDEX, Mumbai Traders Calicut, Kerala 7.5.2010
23 MCX, Mumbai Physical Traders Neemuch 7.5.2010
Madhya Pradesh
24 MCX-GSK Farmers Vill: Nimagaon, Padegaon 8.5.2010
Branch Post Office (Deoli
GSK, Wardha, Maharashtra)
25 NCDEX, Mumbai Traders & Kolar Karnataka 10.5.2010
Farmers (Potato)
26 MCX-GSK Farmers Pechlkar Branch Post Office 12.5.2010
(Sardhana GSk, Meerut,
U.P.)
27 MCX-GSK Farmers Majahidpur Branch Post 13.5.2010
Office (Sardhana GSk,
Meerut, U.P.)
28 MCX-GSK Farmers Raradhana Branch Post 13.5.2010
Office (Sardhana GSk,
Meerut, U.P.)
29 MCX-GSK Farmers Choru Branch Post Office 14.5.2010
(Sardhana GSk, Meerut,
U.P.)
30 MCX-GSK Farmers Kaland Branch Post Office 14.5.2010
(Sardhana GSk, Meerut,
U.P.)
31 MCX-GSK Farmers Baparsi Branch Post Office 15.5.2010
(Sardhana GSk, Meerut,
U.P.)
32 MCX-GSK Farmers Malahra Branch Post Office 15.5.2010
(Sardhana GSk, Meerut,
U.P.)
33 NMCE Ahmedabad Hedgers Mumbai, MS 15.5.2010
34 MCX-GSK Farmers Chhabariya Branch Post 16.5.2010
Office (Sardhana GSk,
Meerut, U.P.)
35 MCX, Mumbai General Nasik, MS 17.5.2010
36 MCX-GSK Farmers Vill:Dewardra, Palsod 17.5.2010
Branch Post Office (Akot
GSK, Akola, Maharashtra)
37 MCX-GSK Farmers Chandikapur Branch Post 18.5.2010
Office (Akot GSK, Akola,
Maharashtra)
38 MCX-GSK Farmers Vill:Sukli, Mohala Branch 18.5.2010
Post Office (Akot GSK,
Akola, Maharashtra)
39 MCX-GSK Farmers Dhanora Branch Post Office 19.5.2010
(Akot GSK, Akola,
Maharashtra)

66
S. No. Name of the lead Exchange Category Place Date

40 MCX-GSK Farmers Vill:Belura, Umra Branch 19.5.2010

Post Office (Akot GSK,
Akola, Maharashtra)
41 MCX-GSK Farmers Wadali Deshmukh Branch 20.5.2010
Post Office (Akot GSK,
Akola, Maharashtra)
42 MCX-GSK Farmers Kavavsa (B) Branch Post 20.5.2010
Office (Akot GSK, Akola,
Maharashtra)
43 NCDEX, Mumbai Members & Ahmedabad, Gujarat 20.5.2010
Traders (Steel)

44 MCX, Mumbai General Bhubaneshwar, Orissa 21.5.2010

45 MCX-GSK Farmers Bordi Branch Post Office 21.5.2010

(Akot GSK, Akola,
Maharashtra)
46 NCDEX, Mumbai Traders & Gulburga, Karnataka 22.5.2010
Farmers – Chana
47 NCDEX, Mumbai Traders Hapur, Uttar Pradesh 22.5.2010
48 NMCE, Ahmedabad Indian Bankers Ahmedabad, Gujarat 24.5.2010
Association
49 NCDEX, Mumbai Press - Journalist Indore, Madhya Pradesh 26.5.2010
50 MCX, Mumbai General Jaipur, Rajasthan 28.5.2010
51 NCDEX, Mumbai Traders Khanna – Punjab 29.5.2010
52 MCX, Mumbai PD Project Tripura 29.5.2010
53 MCX, Mumbai PD Project Manipur 31.5.2010
54 MCX, Mumbai General Durgapur, West Bengal 5.6.2010
55 NCDEX, Mumbai Members & Kolkata, West Bengal 5.6.2010
Traders
56 NCDEX, Mumbai Traders & Ranchi Jharkhand 10.6.2010
Brokers
57 NCDEX, Mumbai APMC Official Ranchi Jharkhand 11.6.2010
58 NCDEX, Mumbai Members & Hisar, Haryana 11.6.2010
Traders (Steel)
59 MCX, Mumbai General Bikaner, Rajasthan 12.6.2010
60 NCDEX, Mumbai Students Chennai (TN) 16.6.2010
61 NMCE, Ahmedabad Students Ahmedabad, Gujarat 16.6.2010
62 NCDEX, Mumbai Members & Sikar, Rajasthan 19.6.2010
Traders (Guar &
Spices)
63 MCX-GSK Farmers Thulwasa Branch Post office 19.6.2010
(Maharjganj GSK, Rae
Bareli, U.P.)
64 MCX-GSK Farmers Sothi Branch Post office 19.6.2010
(Maharjganj GSK, Rae
Bareli, U.P.)
65 MCX-GSK Farmers Bavan Bujurg Billa Branch 20.6.2010
Post office (Maharjganj GSK,
Rae Bareli, U.P.)

67
S. No. Name of the lead Exchange Category Place Date

66 MCX-GSK Farmers Jewna Branch Post office 20.6.2010

(Maharjganj GSK, Rae
Bareli, U.P.)
67 NMCE, Ahmedabad Media Bangalore, Karnataka 21.6.2010

68 NCDEX, Mumbai Traders & Surat, Gujarat 21.6.2010

Members
69 MCX-GSK Farmers Kondhali Branch Post office 22.6.2010
(Pandhurna GSK; Dist
Chindwara, M.P.)
70 MCX-GSK Farmers Mordongari Branch Post 23.6.2010
office (Pandhurna GSK; Dist
Chindwara, M.P.)

71 MCX-GSK Farmers Vill: Bhuli, Mordongari 24.6.2010

Branch Post office
(Pandhurna GSK; Dist
Chindwara, M.P.)
72 NMCE, Ahmedabad General Delhi 24.6.2010
73 MCX-GSK Farmers Ramjanpur (Paraiyanamaksar 25.6.2010
Branch Post Office, Jais
GSK, RaeBareli, U.P.)
74 MCX-GSK Farmers Pure Mitai (Babanpur Branch 25.6.2010
Post Office, Jais GSK,
RaeBareli, U.P.)
75 MCX-GSK Farmers Mangruli Branch Post office 25.6.2010
(Pandhurna GSK; Dist
Chindwara, M.P.)
76 MCX-GSK Farmers Vill: Taroda, Jujharpur B.O. 25.6.2010
(Itarsi GSK, M.P.)

77 NCDEX, Mumbai Members & Warrangal (AP) 25.6.2010

Traders
78 MCX-GSK Farmers Makdoompur (Sandaha 26.6.2010
Branch Post Office, Jais
GSK, RaeBareli, U.P.)
79 MCX-GSK Farmers Garha (Sujavariya) Branch 26.6.2010
Post Office, Nasirabad GSK,
RaeBareli, U.P.)
80 NCDEX, Mumbai Members & Bangalore, Karnataka 26.6.2010
Traders (Steel)
81 NCDEX, Mumbai Members & Guwahati, Assam 26.6.2010
Traders
82 MCX-GSK Farmers Lendori Branch Post office 26.6.2010
(Pandhurna GSK; Dist
Chindwara, M.P.)
83 MCX-GSK Farmers Gurra Branch Post office 26.6.2010
(Itarsi GSK, M.P.)
84 MCX-GSK Farmers Saket Branch Post office 27.6.2010
(Itarsi GSK, M.P.)

68
S. No. Name of the lead Exchange Category Place Date

85 MCX-GSK Farmers Markawada Village, 27.6.2010

Mangruli Branch Post office
(Pandhurna GSK; Dist
Chindwara, M.P.)
86 MCX-GSK Farmers Siratha Branch Post office 27.6.2010
(Pandhurna GSK; Dist
Chindwara, M.P.)
87 MCX, Mumbai General Jaipur, Rajasthan 28.6.2010
88 MCX-GSK Farmers Lohariya Branch Post office 28.6.2010
(Itarsi GSK, M.P.)
89 MCX-GSK Farmers Kalandi Branch Post Office 28.6.2010
(Sardhana GSK, Meerut,
U.P.)
90 MCX-GSK Farmers Khushavali Branch Post 29.6.2010
Office (Sardhana GSK,
Meerut, U.P.)
91 MCX-GSK Farmers Jitkari Branch Post Office 29.6.2010
(Sardhana GSK, Meerut,
U.P.)
92 MCX-GSK Farmers Bagratawa Branch Post office 29.6.2010
(Itarsi GSK, M.P.)
93 MCX-GSK Farmers Ambada Branch Post office 29.6.2010
(Pandhurna GSK; Dist
Chindwara, M.P.)
94 MCX-GSK Farmers Pardi Branch Post office 30.6.2010
(Pandhurna GSK; Dist
Chindwara, M.P.)
95 MCX-GSK Farmers Vill: Mehendvadi; Bagratawa 30.6.2010
Branch Post office (Itarsi
GSK, M.P.)
96 MCX-GSK Farmers Salwa Branch Post Office 30.6.2010
(Sardhana GSK, Meerut,
U.P.)
97 MCX-GSK Farmers Raradhana Branch Post 30.6.2010
Office (Sardhana GSK,
Meerut, U.P.)
98 NCDEX, Mumbai Traders & Hubli Karnataka 30.6.2010
Farmers
99 NCDEX, Mumbai Members & Hanumangarh 9.7.2010
Traders Rajasthan
100 MCX-GSK Farmers Mamurabad Branch Post 12.7. 2010
office (Jalgaon GSK,
Maharashtra)
101 MCX-GSK Farmers Idgaon Branch Post office 13.7. 2010
(Jalgaon GSK, Maharashtra)
102 MCX-GSK Farmers Vill Pure Deen, Matka 13.7. 2010
Branch Post Office, (Salon
GSK, RaeBareli,U.P.)
103 MCX-GSK Farmers Vill Basantganj, Beoli 13.7. 2010
Branch Post Office, (Salon
GSK, RaeBareli, U.P.)

69
S. No. Name of the lead Exchange Category Place Date

104 MCX-GSK Farmers Sankheda Branch Post 13.7. 2010

Office, (Itarsi GSK,
Hoshangabad, M.P.)
105 MCX-GSK Farmers Kalakhar Branch Post Office, 14.7. 2010
(Itarsi GSK, Hoshangabad
M.P.)
106 MCX-GSK Farmers Sontalai Branch Post Office, 14.7. 2010
(Itarsi GSK, Hoshangabad
M.P.)
107 MCX-GSK Farmers Vill Panahnagar, Dharai 14.7. 2010
Branch Post Office, (Salon
GSK, RaeBareli, U.P.)

108 MCX-GSK Farmers Vill Sarayn, Matarampur 14.7. 2010

Branch Post Office, (Salon
GSK, Rae Bareli, U.P.)

109 MCX-GSK Farmers Dhamangaon Branch Post 14.7. 2010

office (Jalgaon GSK,
Maharashtra)
110 MCX-GSK Farmers Fukhnagari Branch Post 15.7. 2010
office (Jalgaon GSK,
Maharashtra)
111 MCX-GSK Farmers Vill Dubahan, Mohanganj 15.7. 2010
Branch Post Office, (Salon
GSK,RaeBareli, U.P.)
112 MCX-GSK Farmers Vill Runipur, Mamuni 15.7. 2010
Branch Post Office, (Salon
GSK, RaeBareli, U.P.)
113 MCX-GSK Farmers Ghatli Branch Post Office, 15.7. 2010
(Itarsi GSK, Hoshangabad
M.P.)
114 MCX-GSK Farmers Vill Sonvarsi, Saket Branch 15.7. 2010
Post Office, (Itarsi GSK,
Hoshangabad M.P.)
115 MCX-GSK Farmers Tarsod Branch Post office 16.7.2010
(Jalgaon GSK, Maharashtra)
116 NCDEX, Mumbai Traders Sri Ganganagar 16.7.2010
Rajasthan
117 MCX, Mumbai General Khammam, AP 16.7.2010
118 NCDEX, Mumbai Members & Agra (UP) 17.7.2010
Traders
119 MCX-GSK Farmers Vill: Dhanora; Mohadi 17.7.2010
Branch Post office (Jalgaon
GSK, Maharashtra)
120 NCDEX, Mumbai Mandi officials Talegaon , Pune MS 22.7.2010
PD Project
121 MCX, Mumbai Hedgers/Brokers/ Kolkata, WB 22.7.2010
Members and
Clients

70
S. No. Name of the lead Exchange Category Place Date

122 MCX-GSK Farmers Satkheda Branch Post office, 24.7. 2010

(Jewargi GSK, Gulbarga
Karnataka)
123 MCX-GSK Farmers Kattaisangavi Branch Post 24.7. 2010
office, (Jewargi GSK,
Gulbarga Karnataka)
124 NCDEX, Mumbai Traders & Kolkata, WB 30.7.2010
Members
125 NMCE, Ahmedabad Regional and Ahmedabad, Gujarat 31.7.2010
National media
126 MCX, Mumbai Traders Suratgarh Rajasthan 31.7.2010
127 NCDEX, Mumbai Members & Bhavnagar, Gujarat 1.8.2010
Traders
128 MCX, Mumbai General Eluru (A.P.) 9.8.2010
129 MCX, Mumbai Students Aligarh, UP 11.8.2010
130 NCDEX, Mumbai Members & Bikaner, Rajasthan 12.8.2010
Traders
131 NMCE, Ahmedabad Press Kochi, Kerala 12.8.2010

132 NCDEX, Mumbai Members & Pondicherry 14.8.2010

Traders
133 NCDEX, Mumbai Students VIM- Pune, MS 17.8.2010
134 MCX-GSK Farmers Karanja Branch Post office, 17.8.2010
(Gondia GSK, Maharashtra)
135 MCX-GSK Farmers Sawari Branch Post office, 17.8.2010
(Gondia GSK, Maharashtra)
136 MCX-GSK Farmers Paraswada Branch Post 18.8.2010
office, (Gondia GSK,
Maharashtra)
137 MCX-GSK Farmers Tumkheda Branch Post 18.8.2010
office, (Gondia GSK,
Maharashtra)
138 MCX-GSK Farmers Nagara Branch Post office, 19.8. 2010
(Gondia GSK, Maharashtra)
139 MCX-GSK Farmers Rajegao Branch Post office, 19.8. 2010
(Gondia GSK, Maharashtra)
140 NCDEX, Mumbai Members & Nanded, MS 19.8.2010
Traders
141 NCDEX, Mumbai Members & Rudrapur Uttaranchal 20.8.2010
Traders
142 MCX-GSK Farmers Fulchur Branch Post office, 20.8.2010
(Gondia GSK, Maharashtra)
143 MCX-GSK Farmers Khatiya Branch Post office, 20.8.2010
(Gondia GSK, Maharashtra)
144 NCDEX, Mumbai Members & Latur, MS 20.8.2010
Traders
145 MCX, Mumbai Physical Trade Tirupati, AP 21.8.2010
146 MCX, Mumbai Hedgers, Clients, Bankura, WB 21.8.2010
and Members
147 MCX-GSK Farmers Chipiya Branch Post office, 21.8.2010
(Gondia GSK, Maharashtra)

71
S. No. Name of the lead Exchange Category Place Date

148 MCX-GSK Farmers Asoli Branch Post office, 21.8.2010

(Gondia GSK, Maharashtra)
149 MCX-GSK Farmers Akauni Branch Post Office, 21.8.2010
(RaeBareli GSK, U.P.)

150 MCX-GSK Farmers Ajeetpur Branch Post Office, 21.8.2010

(RaeBareli GSK, U.P.)

151 MCX-GSK Farmers Merui Branch Post Office, 23 .8. 2010

(RaeBareli GSK, U.P.)
152 MCX-GSK Farmers Sondasi Branch Post Office, 25.8.2010
(RaeBareli GSK, U.P.)
153 MCX-GSK Farmers Pure Bhauro Mishra Branch 25.8.2010
Post Office, (RaeBareli GSK,
U.P.)
154 NMCE, Ahmedabad Farmers and Bikaner Rajasthan 25.8.2010
Traders (Guar and
Rapeseed)
155 NCDEX, Mumbai Members & Sirsa, Haryana 26.8.2010
Traders
156 MCX-GSK Farmers Chandateekar Branch Post 26.8.2010
Office, (RaeBareli GSK,
U.P.)
157 MCX-GSK Farmers Uttara Gauri Branch Post 26.8.2010
Office, (RaeBareli GSK,
U.P.)
158 MCX-GSK Farmers Lalumau Branch Post Office, 27.8.2010
(RaeBareli GSK, U.P.)

159 MCX-GSK Farmers Ambara Pashchim Branch 27.8.2010

Post Office, (RaeBareli GSK,
U.P.)
160 NMCE, Ahmedabad Farmers and Unjha Gujarat 27.8.2010
Traders (Isabgul)
161 MCX, Mumbai Mandi Officials Bhopal, MP 27.8.2010
(PD Project)
162 NCDEX, Mumbai Members & Bhilai Chattisgarh 28.8.2010
Traders
163 MCX, Mumbai Mandi Officials Jabalpur, MP 28.8.2010
(PD Project)
164 MCX, Mumbai Bullion Traders Jaipur, Rajasthan 28.8.2010
165 MCX-GSK Farmers Deepemau Branch Post 28.8.2010
Office, (RaeBareli GSK,
U.P.)
166 MCX, Mumbai Physical Traders Kakinada, A.P. 31.8.2010
167 MCX, Mumbai Traders, investors Coimbatore. T.N. 2.9.2010
and general public
168 NCDEX, Mumbai Students Chidambaram, T.N. 6.9.2010
169 ICEX, Mumbai Farmers, Oil Moradabad (UP) 7.9.2010
Distillers and
Traders

72
S. No. Name of the lead Exchange Category Place Date

170 University of Agricultural Farmers Mudigere, Chickmangalore 8.9.2010

Sciences, Banglore District
171 MCX, Mumbai Clients, Hedgers Ranch, Jharkhand 9.9.2010
and Members
172 University of Agricultural Farmers Kandali, Hassan District, 14.9.2010
Sciences, Banglore Karnataka
173 University of Agricultural Farmers VC, Farm, Mandya, Mandya 14.9.2010
Sciences Banglore District
174 ICEX, Mumbai Farmers, Oil Kolkata, WB 15.9.2010
Distillers and
Traders
175 NCDEX, Mumbai General Muzaffarnagar (UP) 16.9.2010
176 University of Agricultural Farmers Konehally, Tumkur District, 16-9-2010
Sciences, Banglore Karnataka
177 NCDEX, Mumbai General Guwhati, Assam 18.9.2010
178 NCDEX, Mumbai General Calicut, Kerala 18.9.2010
179 NCDEX, Mumbai General Sumerpur, Rajasthan 18.9.2010

180 NCDEX, Mumbai Press Jaipur, Rajasthan 18.9.2010

181 University of Agricultural Farmers Hiriyur, Chitradurga District, 20.9.2010
Sciences, Banglore Karnataka
182 MCX-GSK Farmers Umaran Branch post office, 21.9.2010
(Mustafabad GSK, Rae
Bareli, U.P.)
183 MCX-GSK Farmers Mawai Branch post office, 21.9.2010
(Mustafabad GSK, Rae
Bareli, U.P.)
184 MCX-GSK Farmers Sareni Branch post office, 22.9.2010
(Mustafabad GSK, Rae
Bareli, U.P.)
185 MCX-GSK Farmers Badagaon Branch post office, 22.9.2010
(Mustafabad GSK, Rae
Bareli, U.P.)
186 University of Agricultural Farmers Chintamani, Kolar District, 22.9.2010
Sciences, Banglore Karnataka
187 University of Agricultural Farmers Bramahavar, Udupi District, 23.9.2010
Sciences Banglore Karnataka
188 University of Agricultural Farmers Hadonahally, Doddabalapura, 24.9.2010
Sciences Banglore Bangalore Rural District,
Karnataka
189 University of Agricultural Farmers Kankanadi, Mangalore, 24.9.2010
Sciences Banglore Mangalore Dist, Karnataka.
190 MCX-GSK Farmers Arkha Branch post office, 23.9.2010
(Mustafabad GSK, Rae
Bareli, U.P.)
191 MCX-GSK Farmers Akorhiya Branch post office, 23.9.2010
(Musta-abad GSK, Rae
Bareli, U.P.)
192 MCX, Mumbai Member’s clients, Satna, MP 23.9.2010
physical traders
and sub brokers of
national broker

73
S. No. Name of the lead Exchange Category Place Date

193 MCX, Mumbai Traders and Warrangal, AP 24.9.2010

general public
194 MCX-GSK Farmers Savaiya Hasan Branch post 25.9.2010
office, (Musta-fabad GSK,
Rae Bareli, U.P.)
195 MCX-GSK Farmers Pattirahat Kaithawal Branch 25.9.2010
post office, (Musta-fabad
GSK, Rae Bareli, U.P.)
196 MCX, Mumbai Traders, Bhilwara/ Chittorgarh, 25.9.2010
Investors, Rajasthan
Corporate,
197 MCX-GSK Farmers Gegauli Branch post office, 26.9.2010
(Mustafabad GSK, Rae
Bareli, U.P.)
198 MCX-GSK Farmers Prahaladpur Branch post 26.9.2010
office, (Mustafabad GSK,
Rae Bareli, U.P.)
199 MCX-GSK Farmers Vill: Narsapur, Ashti Branch 27.9.2010
post office, (Babhulgaon
GSk, Yavatmal, Maharashtra)

200 MCX-GSK Farmers Vill: Nandora, Watkhed 27.9.2010

Branch post office,
(Babhulgaon GSk, Yavatmal,
Maharashtra)
201 University of Agricultural Farmers Haradanahally, 27.9.2010
Sciences Banglore Chamarajanagar
Chamarajanagar District
202 University of Agricultural Farmers Navile, Shimoga District 28.9.2010
Sciences Banglore
203 MCX-GSK Farmers Vill: Umarda, Ganori Branch 28.9.2010
post office, (Babhulgaon
GSK, Yavatmal,
Maharashtra)
204 University of Agricultural Farmers Forestry College, Ponnampet, 29.9.2010
Sciences Banglore Kodagu District
205 MCX-GSK Farmers Naigaon Branch post office, 29.9.2010
(Babhulgaon GSk, Yavatmal,
Maharashtra)
206 MCX-GSK Farmers Vill: Mahuli, Pahur Branch 29.9.2010
post office, (Babhulgaon
GSk, Yavatmal, Maharashtra)
207 MCX-GSK Farmers Nandanwada Branch Post 29.9.2010
office (Masuda GSK, Ajmer,
Rajasthan)
208 MCX-GSK Farmers Shergarh Branch Post office 29.9.2010
(Masuda GSK, Ajmer,
Rajasthan)
209 NCDEX, Mumbai General Bhubaneshwar, Orissa 29.9.2010
210 MCX, Mumbai General Balasore, Orissa 29.9.2010
211 NCDEX, Mumbai General Cuttack, Orissa 30.9.2010

74
S. No. Name of the lead Exchange Category Place Date

212 MCX-GSK Farmers Vill: Yarandgaon, Packhed 30.9.2010

Branch post office,
(Babhulgaon GSk, Yavatmal,
Maharashtra)
213 MCX-GSK Farmers Vill: Parsodi, Sarul Branch 30.9.2010
post office, (Babhulgaon
GSk, Yavatmal, Maharashtra)
214 NCDEX, Mumbai General Samastipur Bihar 3.10.2010
215 MCX, Mumbai Mandi officers Chandigarh 6.10.2010
216 MCX, Mumbai Investors, Madurai (TN) 8.10.2010
Physical Traders
& Corporates
217 MCX, Mumbai Students Nagpur, MS 8.10.2010
218 ICEX, Mumbai Farmers Barabanki (UP) 8.10.2010
219 ICEX, Mumbai Farmers and Chuchura, WB 10.10.2010
Traders
220 ICEX, Mumbai Farmers and Malda, WB 11.10.2010
Traders
221 Dr. Panjabrao Deshmukh Farmers Akola, MS 15.10.2010
Krishi Vidyapeeth, Akola
(NCDEX)

222 MCX, Mumbai Physical traders in Tanuku (AP) 16.10.2010

crude palm oil
223 NCDEX, Mumbai General Saharanpur UP 19.10.2010
224 NCDEX, Mumbai General Jammu (J&K) 20.10.2010
225 MCX-GSK Farmers Vill Gangajali, Juna 20.10.2010
Dhamangaon Branch Post
Office (Dhamangaon GSK,
Amravati)
226 MCX-GSK Farmers Vill Aasgaon, Wadohana 21.10.2010
Branch Post Office
(Dhamangaon GSK,
Amravati)
227 MCX-GSK Farmers Vill Kashekhed, Kamnapur 21.10.2010
Branch Post Office
(Dhamangaon GSK,
Amravati)
228 MCX-GSK Farmers Vill Kashekhed, Kamnapur 22.10.2010
Branch Post Office
(Dhamangaon GSK,
Amravati)
229 MCX-GSK Farmers Vill Dharwada, Anjansinghi 22.10.2010
Branch Post Office
(Dhamangaon GSK,
Amravati)
230 NCDEX, Mumbai Students SRM University, Chennai 22.10.2010
(TN)
231 NCDEX, Mumbai General Bellary Karnataka 23.10.2010
232 MCX-GSK Farmers Mau Branch Post office; 26.10.2010
Nasirabad GSK, (Rae Bareli,
U.P.)

75
S. No. Name of the lead Exchange Category Place Date

233 MCX-GSK Farmers Vinnawa Branch Post office; 26.10.2010

Nasirabad GSk, (Rae Bareli,
U.P.)
234 MCX-GSK Farmers Lahenga Branch Post office; 27.10.2010
Nasirabad GSK, (Rae Bareli,
U.P.)
235 MCX, Mumbai Hedgers, clients, Dhanbad, Jharkhand 27.10.2010
members
236 MCX-GSK Farmers Asharafpur Branch Post 27.10.2010
office; Nasirabad GSK, (Rae
Bareli, U.P.)
237 MCX-GSK Farmers sujawariya Branch Post 28.10.2010
office; Nasirabad GSK, (Rae
Bareli, U.P.)
238 MCX-GSK Farmers Babhanpur Branch Post 28.10.2010
office; Jais GSK, (Rae Bareli,
U.P.)
239 MCX, Mumbai Investors, Udaipur, Rajasthan 29.10.2010
physical traders &
corporates
240 NCDEX, Mumbai General Udaipur Rajasthan 30.10.2010
241 ICEX, Mumbai Metal Traders Mumbai, MS 30.10.2010
242 MCX-GSK Farmers Paraiya Branch post office, 1.11.2010
(Jais GSk, Rae Bareli) U.P.
243 MCX-GSK Farmers Kurha Branch post office, 1.11.2010
(Jais GSk, Rae Bareli) U.P.
244 MCX-GSK Farmers Kanta Branch post office, 2.11.2010
(Jais GSk, Rae Bareli) U.P.
245 MCX-GSK Farmers Kasimpur Branch post office, 2.11.2010
(Jais GSk, Rae Bareli) U.P.
246 NMCE, Ahmedabad Farmers Calicut, Kerala 10.11.2010
247 ICEX Mumbai Retail investors, Varanasi, UP 10.11.2010
traders etc.,
248 NMCE, Ahmedabad General Shimoga Karnataka 11.11.2010
249 MCX-GSK Farmers Rardhana Branch post office, 11.11.2010
(Sardhana GSk, Meerut) U.P.
250 MCX-GSK Farmers Kheda Branch post office, 12.11.2010
(Sardhana GSk, Meerut) U.P.
251 MCX-GSK Farmers Salawa Branch post office, 12.11.2010
(Sardhana GSk, Meerut) U.P.
252 MCX-GSK Farmers Bhamauri Branch post office, 13.11.2010
(Sardhana GSk, Meerut) U.P.
253 MCX-GSK Farmers Kushawali Branch post 13.11.2010
office, (Sardhana GSk,
Meerut) U.P.
254 MCX-GSK Farmers Mahadev Branch post office, 14.11.2010
(Sardhana GSk, Meerut) U.P.
255 MCX-GSK Farmers Kaland Branch post office, 14.11.2010
(Sardhana GSk, Meerut) U.P.
256 MCX-GSK Farmers Kalandi Branch post office, 15.11.2010
(Sardhana GSk, Meerut) U.P.

76
S. No. Name of the lead Exchange Category Place Date

257 MCX-GSK Farmers Upera Branch Post Office 15.11.2010

(Unjha GSK, Mehsana)
Gujarat
258 MCX-GSK Farmers Tundav Branch Post Office 16.11.2010
(Unjha GSK, Mehsana)
Gujarat
259 MCX-GSK Farmers Sihi Branch Post Office ( 16.11.2010
Unjha GSK, Mehsana )
Gujarat
260 NCDEX, Mumbai Students IIM- Calicut, Kerala 17.11.2010
261 NCDEX, Mumbai Students IIKM, Kozhikode, Kerala 18.11.2010
262 MCX-GSK Farmers Vill: Chichpur; Takali Branch 18.11.2010
post office; (Solapur GSK,
Solapur) Maharashtra
263 MCX-GSK Farmers Vill: Udamsangam;Barur 18.11.2010
Branch Post Office; (Solapur
GSK, Solapur) Maharashtra
264 MCX-GSK Farmers Vill: Tealgaon; Patri Branch 19.11.2010
Post Ofice; (Solapur GSK,
Solapur) Maharashtra
265 MCX-GSK Farmers Vill: Sigoli; Tirhe Branch 19.11.2010
Post Ofice; (Solapur GSK,
Solapur) Maharashtra
266 ICEX Mumbai Hedgers, Traders, Jaipur, Rajasthan 19.11.2010
Mandi
participants etc.,
267 MCX, Mumbai Students and KIIT University, 19.11.2010
faculty Bhubaneshwar, Orissa
268 MCX-GSK Farmers Bhakhar Branch Post Office 19.11.2010
( Unjha GSK, Mehsana )
Gujarat
269 MCX-GSK Farmers SUNOK Branch Post Office 20.11.2010
( Unjha GSK, Mehsana )
Gujarat
270 MCX-GSK Farmers Vill: Raleras; Honsal Branch 20.11.2010
Post Ofice; (Solapur GSK,
Solapur) Maharashtra
271 MCX-GSK Farmers Vill: Hiparga; Haglur Branch 20.11.2010
Post Ofice; (Solapur GSK,
Solapur) Maharashtra
272 MCX, Mumbai Clients Varnasi, UP 20.11.2010
273 ICEX Mumbai Students IIFT Kolkata, WB 20.11.2010
274 MCX-GSK Farmers Vill: Sagdari; Boramani 21.11.201
Branch Post Ofice; (Solapur
GSK, Solapur) Maharashtra
275 MCX-GSK Farmers Vill: Kavate tada; Kavta 21.11.201
Branch Post Ofice; (Solapur
GSK, Solapur) Maharashtra
276 NCDEX, Mumbai General Cuddalore, TN 22.11.2010

77
S. No. Name of the lead Exchange Category Place Date

277 MCX-GSK Farmers Vill:gorlikhapa; Ringankhapa 22.11.2010

Branch Post Office;
(Pandhurna GSK,
Chindwara) M.P.
278 MCX-GSK Farmers Vill:bhajipani; kondhali 23.11.2010
Branch Post Office;
(Pandhurna GSK,
Chindwara) M.P.
279 MCX-GSK Farmers Vill:raibasa; Ambada Branch 23.11.2010
Post Office; (Pandhurna
GSK, Chindwara) M.P.
280 MCX-GSK Farmers Vill:temnikala; Siratha 24.11.2010
Branch Post Office;
(Pandhurna GSK,
Chindwara) M.P.
281 MCX-GSK Farmers Vill:kamthikala; Mangurli 24.11.2010
Branch Post Office;
(Pandhurna GSK,
Chindwara) M.P.
282 NCDEX, Mumbai General Abhohar Punjab 25.11.2010
283 NCDEX, Mumbai General Kota Rajasthan 25.11.2010
284 NMCE, Ahmedabad General Trivandrum, Kerala 25.11.2010

285 MCX-GSK Farmers Dadimeta Branch Post 25.11.2010

Office; (Pandhurna GSK,
Chindwara) M.P.
286 MCX-GSK Farmers Rajorakala Branch Post 25.11.2010
Office; (Pandhurna GSK,
Chindwara) M.P.
287 MCX-GSK Farmers Vill:devkhapa; Bhandargondi 26.11.2010
Branch Post Office;
(Pandhurna GSK,
Chindwara) M.P.
288 MCX-GSK Farmers Vill:duddewani; Lendhori 26.11.2010
Branch Post Office;
(Pandhurna GSK,
Chindwara) M.P.
289 NABCONS, Mumbai Farmers Indore, M.P. 1.12.2010
AP- ND
290 NABCONS, Mumbai Farmers Almora, Uttarkhand 2.12.2010
AP- ND
291 NABCONS, Mumbai Farmers Tehri, Uttarkhand 4.12.2010
AP- ND
292 MCX-GSK Farmers Ondeeh Branch post office, 4.12.2010
Maharajganj GSK (Rae
Bareli, U.P.)
293 MCX-GSK Farmers Dusauti Branch post office, 4.12.2010
Maharajganj GSK (Rae
Bareli, U.P.)
294 MCX-GSK Farmers Bavanbujurg Balla Branch 7.12.2010
post office, Maharajganj
GSK (Rae Bareli, U.P.)

78
S. No. Name of the lead Exchange Category Place Date

295 NMCE, Ahmedabad General Delhi 7.12.2010

296 MCX-GSK Farmers Sidhauna Branch post office, 8.12.2010
Maharajganj GSK (Rae
Bareli, U.P.)
297 MCX-GSK Farmers Amawa Branch post office, 8.12.2010
Maharajganj GSK (Rae
Bareli, U.P.)
298 NMCE, Ahmedabad General Jalandhar, Punjab 8.12.2010
299 MCX, Mumbai Investor/ Physical Chirala 8.12.2010
traders of Bullion Andhra Pradesh
and Spices, CPO
and RSO
300 ICEX, Mumbai Members, clients Kohima, Nagaland 8.12.2010
and physical
industry players
301 NCDEX, Mumbai General Kannur Kerala 8.12.2010
302 NABCONS, Mumbai APMC Solapur , M.S. 9.12.2010
303 ICEX, Mumbai Members, clients Dimapur, Nagaland 9.12.2010
and physical
industry players
304 NCDEX, Mumbai Students BIFM – Delhi 9.12.2010

305 MCX-GSK Farmers Kubna Branch post office, 9.12.2010

Maharajganj GSK (Rae
Bareli, U.P.)

306 MCX-GSK Farmers Moon Branch post office, 9.12.2010

Maharajganj GSK (Rae
Bareli, U.P.)
307 MCX-GSK Farmers Gari Pokhanni Branch post 10.12.2010
office, Maharajganj GSK
(Rae Bareli, U.P.)
308 NCDEX, Mumbai General Adimali Kerala 10.12.2010
309 NCDEX, Mumbai General Nagpur, MS 10.12.2010
310 NABCONS, Mumbai Farmers Akola, M.S. 12.12.2010
AP- ND
311 MCX-GSK Farmers Kushalpura Branch Post 14.12.2010
Office (Masuda GSK, Ajmer)
Rajasthan
312 MCX-GSK Farmers Kirap Branch Post Office 15.12.2010
(Masuda GSK, Ajmer)
Rajasthan
313 MCX-GSK Farmers Mayla Branch Post Office 15.12.2010
(Masuda GSK, Ajmer)
Rajasthan
314 MCX-GSK Farmers Manpurra Branch Post Office 16.12.2010
(Masuda GSK, Ajmer)
Rajasthan
315 MCX-GSK Farmers Harrajpura Branch Post 16.12.2010
Office (Masuda GSK, Ajmer)
Rajasthan
316 NCDEX, Mumbai General Akola, MS 16.12.2010

79
S. No. Name of the lead Exchange Category Place Date

317 MCX, Mumbai Farmers Hisar, Haryana 16.12.2010

318 CCS Haryana Agricultural Farmers Hissar, Haryana 16.12.2010
University, Hissar (MCX)
319 MCX-GSK Farmers Lulwa Branch Post Office 17.12.2010
(Masuda GSK, Ajmer)
Rajasthan
320 MCX-GSK Farmers Kheemapura Branch Post 17.12.2010
Office (Masuda GSK, Ajmer)
Rajasthan
321 MCX, Mumbai Clients, Hedgers Siluguri, WB 17.12.2010
and Members
322 MCX-GSK Farmers Jamola Branch Post Office 18.12.2010
(Masuda GSK, Ajmer)
Rajasthan
323 NCDEX, Mumbai General Ganapur City, 18.12.2010
Rajasthan
324 NCDEX, Mumbai General Surendra Nagar 18.12.2010
Gujarat
325 ICEX, Mumbai Members, clients Indore, MP 18.12.2010
and physical
industry players
326 NABCONS, Mumbai APMC Una, H.P. 21.12.2010
327 NABCONS, Mumbai Farmers AP-ND South Goa 22.12.2010
328 MCX-GSK Farmers Sawargaon (vitali); Kalwadi 21.12.2010
Branch Post Office (Akot
GSK, Akola) Maharashtra
329 MCX-GSK Farmers Palsod Branch Post Office 22.12.2010
(Akot GSK, Akola)
Maharashtra
330 MCX-GSK Farmers Warud; Jaulka Branch Post 22/12/2010
Office (Akot GSK, Akola)
Maharashtra
331 MCX, Mumbai General Mangalore Karnataka 23.12.2010
332 NCDEX, Mumbai General Jalandhar 23.12.2010
Punjab
333 MCX-GSK Farmers Deoulgao; Sawra Branch Post 23.12.2010
Office (Akot GSK, Akola)
Maharashtra
334 MCX-GSK Farmers Rajura, Akoli jahagir Branch 23.12.2010
Post Office (Akot GSK,
Akola) Maharashtra
335 MCX-GSK Farmers Vill: Pure Mishra, Beoli 23.12.2010
Branch Post Office (Salon
GSK, RaeBareli) U.P.
336 MCX-GSK Farmers Vill:Pure Mansa Dharai 23.12.2010
Branch Post Office (Salon
GSK, RaeBareli) U.P.
337 MCX-GSK Farmers Kavtha ( bu), Aasegao bajar 24.12.2010
Branch Post Office (Akot
GSK, Akola) Maharashtra

80
S. No. Name of the lead Exchange Category Place Date

338 MCX-GSK Farmers Aambodha; Akolkhed Branch 24.12.2010

Post Office (Akot GSK,
Akola) Maharashtra
339 MCX-GSK Farmers Vill:Darsava Revahara 24.12.2010
Branch Post Office (Salon
GSK, RaeBareli) U.P.
340 MCX-GSK Farmers Vill:Bada purava Nain 24.12.2010
Branch Post Office (Salon
GSK, RaeBareli) U.P.
341 ICEX, Mumbai KRIBCHO New Delhi 24.12.2010
Officers, New
Delhi
342 NCDEX, Mumbai General Kolkata, WB 27.12.2010
343 MCX-GSK Farmers Vill:Sona varsa Mamuni 27.12.2010
Branch Post Office (Salon
GSK, RaeBareli) U.P.
344 MCX-GSK Farmers Vill:Saraya Akhatyar 27.12.2010
Matarampur Branch Post
Office (Salon GSK,
RaeBareli) U.P.
345 NABCONS, Mumbai APMC Gingee, Tamil Nadu 28.12.2010
346 NABCONS, Mumbai Farmers Chamoli, Uttarkhand 29.12.2010
AP-ND
347 NABCONS, Mumbai Farmers Villupuram, Tamil Nadu 29.12.2010
AP- ND
348 ICEX, Mumbai Members, clients Ranchi Jharkhand 29.12.2010
` and physical
industry players
349 NABCONS, Mumbai Farmers Sindhudurg, M.S. 31.12.2010
AP- ND
350 NABCONS, Mumbai APMC Karanpur, Rajasthan 3.1.2011
351 NABCONS, Mumbai Farmers Morigaon, Assam 3.1.2011
AP-ND
352 NABCONS, Mumbai Farmers Ferozepur, Punjab 4.1.2011
AP-Ref
353 NABCONS, Mumbai Farmers Jalandhar, Punjab 4.1.2011
AP- ND
354 NABCONS, Mumbai Farmers Krishnagiri, Tamil Nadu 5.1.2011
AP-Ref
355 NABCONS, Mumbai PAC Uttarkashi, Uttarkhand 5.1.2011
356 NABCONS, Mumbai Farmers Amritsar, Punjab 5.1.2011
AP - REF
357 NABCONS, Mumbai Farmers Thiruvarur, Tamil Nadu 6.1.2011
AP- ND
358 NABCONS, Mumbai Farmers Moga, Punjab 6.1.2011
AP- ND
359 NABCONS, Mumbai PAC E. Champaran (Bettiah 6.1.2011
Basant PACS) Bihar
360 NABCONS, Mumbai Farmers US Nagar, Uttarkhand 6.1.2011
AP-Ref
361 NABCONS, Mumbai PAC PACS in Nainital District., 6.1.2011
Uttakhand

81
S. No. Name of the lead Exchange Category Place Date

362 NCDEX, Mumbai Students IIKM – Chennai 6.1.2011

363 MCX, Mumbai Clients Bokara, Jharkhand 6.1.2011
364 NCDEX, Mumbai General Bhopal MP 7.1.2011
365 NABCONS, Mumbai PAC Pauri, Uttarkhand 7.1.2011
366 NABCONS, Mumbai Farmers Nainital, Uttarkhand 7.1.2011
AP-Ref
367 NABCONS, Mumbai Farmers Nagapattinam, Tamil Nadu 7.1.2011
AP-Ref
368 NABCONS, Mumbai PAC Sangrur, Punjab 7.1.2011
369 NABCONS, Mumbai Farmers Amaravathi, M.S. 7.1.2011
AP- ND
370 NABCONS, Mumbai Farmers Gadchioli, M.S. 7.1.2011
AP- ND
371 NABCONS, Mumbai APMC Pune, M.S. 7.1.2011
372 NABCONS, Mumbai APMC Sangli, M.S. 7.1.2011
373 NABCONS, Mumbai Farmers Kangra, H.P. 7.1.2011
AP- ND
374 NABCONS, Mumbai Farmers Nagoan, Assam 8.1.2011
AP-Ref
375 NABCONS, Mumbai Farmers Bhagalpur, Bihar 8.1.2011
AP- ND
376 NABCONS, Mumbai APMC Chandrapur, M.S. 8.1.2011
377 NABCONS, Mumbai APMC Solapur, M.S. 9.1.2010
378 NABCONS, Mumbai PAC Kannamanglam PACS in 10.1.2011
Thiruvannamalai dt., Tamil
Nadu
379 NABCONS, Mumbai PAC Gopalganj (Vishnupur 10.1.2011
Jadavpur PACS), Bihar
380 NABCONS, Mumbai PAC Kinnor, H.P. 10.1.2011
381 ICEX, Mumbai General KRIBCHO, New Delhi 10.1.2011
382 MCX-GSK Farmers Garra Branch Post office, 10.1.2011
(Gondia GSK, Maharashtra)
383 MCX-GSK Farmers Vill: Borgao, Kawalwada 10.1.2011
Branch Post office, (Gondia
GSK, Maharashtra)
384 MCX-GSK Farmers Nagara-Katangi Branch Post 11.1.2011
office, (Gondia GSK,
Maharashtra)
385 MCX-GSK Farmers Vill: Lodhitola, Chutiya 11.1.2011
Branch Post office, (Gondia
GSK, Maharashtra)
386 NABCONS, Mumbai Farmers Coimbatore, Tamil Nadu 11.1.2011
AP-Ref
387 NABCONS, Mumbai Farmers Purnea, Bihar 11.1.2011
AP- ND
388 NABCONS, Mumbai Farmers Haridwar, Uttarkhand 11.1.2011
AP-Ref
389 NABCONS, Mumbai APMC Satara, M.S. 11.1.2011
390 NABCONS, Mumbai Farmers Nalbari, Assam 12.1.2011
AP-ND
391 NABCONS, Mumbai APMC Mandi, H.P. 12.1.2011

82
S. No. Name of the lead Exchange Category Place Date

392 NABCONS, Mumbai Farmers Azamgarh, U.P. 12.1.2011

AP- ND
393 NABCONS, Mumbai Farmers Faizabad, U.P. 12.1.2011
AP - REF
394 NABCONS, Mumbai APMC Yamunanagar coop society- 12.1.2011
HAFED, Haryana
395 NABCONS, Mumbai Farmers East Godavari, A.P. 12.1.2011
AP- ND
396 NABCONS, Mumbai Farmers Kurnool, A.P. 12.1.2011
AP – REF
397 NABCONS, Mumbai Farmers Mungir, Bihar 12.1.2011
AP- ND
398 MCX-GSK Farmers Vill: Temni, Batana Branch 12.1.2011
Post office, (Gondia GSK,
Maharashtra)
399 MCX-GSK Farmers Vill: Karanji, Navkala 12.1.2011
Branch Post office, (Gondia
GSK, Maharashtra)
400 ICEX, Mumbai General Kohima, Nagaland 12.1.2011
401 MCX-GSK Farmers Vill: Dhamangaon, Satona 13.1.2011
Branch Post office, (Gondia
GSK, Maharashtra)
402 MCX-GSK Farmers Vill:Halbitola, Khamri 13.1.2011
Branch Post office, (Gondia
GSK, Maharashtra)
403 NABCONS, Mumbai Farmers Mahendragarh, Haryana 13.1.2011
AP – REF
404 NABCONS, Mumbai Farmers Nawada, Bihar 13.1.2011
AP- ND
405 NABCONS, Mumbai APMC Satara, M.S. 13.1.2011
406 NABCONS, Mumbai Farmers Bhatinda, Punjab 13.1.2011
AP - REF
407 NABCONS, Mumbai Farmers Shahdol, M.P. 13.1.2011
AP- ND
408 NABCONS, Mumbai APMC Ujjain, M.P. 13.1.2011
409 NABCONS, Mumbai APMC Poanta sahib, H.P. 14.1.2011
410 NABCONS, Mumbai PAC Bhatinda, Punjab 14.1.2011
411 NABCONS, Mumbai APMC Rudrapur, Uttarkhand 14.1.2011
412 MCX-GSK Farmers Vill: Ghattetemni, Girola 14.1.2011
Branch Post office, (Gondia
GSK, Maharashtra)
413 MCX-GSK Farmers Vill: Panjara, Kamtha Branch 14.1.2011
Post office, (Gondia GSK,
Maharashtra)
414 NABCONS, Mumbai APMC Chamba, H.P. 15.1.2011
415 ICEX, Mumbai Members, Clients, Kota, Rajasthan 17.1.2011
Physical Industry
Players
416 NABCONS, Mumbai APMC Latur, M.S. 17.1.2011
417 NABCONS, Mumbai Farmers Kanpur, U.P. 17.1.2011
AP- ND

83
S. No. Name of the lead Exchange Category Place Date

418 NABCONS, Mumbai PAC Ambala - Nabipur PACs , 17.1.2011

Haryana
419 NABCONS, Mumbai Farmers Solan, H.P. 17.1.2011
AP- ND
420 NABCONS, Mumbai Farmers Darrang, Assam 18.1.2011
AP-ND
421 NABCONS, Mumbai APMC Kullu, H.P. 18.1.2011
422 NABCONS, Mumbai PAC Rewari- Dharuhera PACs 18.1.2011
Haryana
423 NABCONS, Mumbai Farmers Hisar, Haryana 18.1.2011
AP - REF
424 NABCONS, Mumbai Farmers Rewari, Haryana 18.1.2011
AP – REF
425 NABCONS, Mumbai Farmers Dhanbad, Jharkhand 18.1.2011
AP – REF
426 NABCONS, Mumbai APMC Dhanbad Jharkhand 18.1.2011
427 NABCONS, Mumbai Farmers Mansa, Punjab 18.1.2011
AP- ND
428 NABCONS, Mumbai Farmers Barabanki, U.P. 18.1.2011
AP- ND
429 NABCONS, Mumbai PAC Gaya (Shimuwara PACS), 18.1.2011
Bihar
430 ICEX, Mumbai Members, Clients, Jaipur, Rajasthan 18.1.2011
Physical Industry
Players
431 NCDEX, Mumbai General Sambalpur, Orissa 18.1.2011
432 Regional Agriculture Farmers Guntur, A.P. 19.1.2011
Research
Station (RARS), Lam,
Guntur, (NCDEX)
433 MCX, Mumbai Clients and Kolkata, W.B. 19.1.2011
Farmers
434 NABCONS, Mumbai Farmers Jehanabad, Bihar 19.1.2011
AP- ND
435 NABCONS, Mumbai Farmers Rohtak, Haryana 19.1.2011
AP- ND
436 NABCONS, Mumbai Farmers Aligarh, U.P. 19.1.2011
AP- ND
437 NABCONS, Mumbai Farmers Hardoi, U.P. 19.1.2011
AP- ND
438 NABCONS, Mumbai PAC FSCS at Ratu ,Rainch., 19.1.2011
Jharkhand
439 NABCONS, Mumbai Farmers Ujjain, M.P. 19.1.2011
AP- ND
440 NABCONS, Mumbai PAC Samastipur (Sarayaranjan 19.1.2011
PACS) Bihar
441 NABCONS, Mumbai Farmers Pithoragarh, Uttarkhand 19.1.2011
AP- ND
442 NABCONS, Mumbai Farmers Rewa, M.P. 19.1.2011
AP- ND
443 NABCONS, Mumbai PAC Jhabua , M.P. 19.1.2011

84
S. No. Name of the lead Exchange Category Place Date

444 NABCONS, Mumbai Farmes East Sikkim 20.1.2011

AP-ND
445 NABCONS, Mumbai PAC Alirajpur, M.P. 20.1.2011
446 NABCONS, Mumbai Farmers Hoshiarpur, Punjab 20.1.2011
AP- ND
447 NABCONS, Mumbai Farmers Mukathsar, Punjab 20.1.2011
AP- ND
448 NABCONS, Mumbai PAC Amritsar, Punjab 20.1.2011
449 NABCONS, Mumbai PAC Sudana Baratola PACS, 20.1.2011
Daltonganj Palamu,
Jharkhand
450 NABCONS, Mumbai Farmers Raebareli, U.P. 20.1.2011
AP- ND
451 NABCONS, Mumbai Farmers Basti, U.P. 20.1.2011
AP- ND
452 NABCONS, Mumbai Farmers Fatehabad, Haryana 20.1.2011
AP- ND
453 NABCONS, Mumbai Farmers Jhajjar, Haryana 20.1.2011
AP- ND
454 NABCONS, Mumbai Farmers Alwar, Rajasthan 20.1.2011
AP – REF
455 NABCONS, Mumbai Farmers Raipur, Chattisgarh 20.1.2011
AP- ND
456 NABCONS, Mumbai Farmers Hoshngabad, M.P. 20.1.2011
AP-Ref
457 NABCONS, Mumbai PAC Thogaimalai PACS, karur dt., 21.1.2011
Tamil Nadu
458 NABCONS, Mumbai APMC Raipur/Nawapara, 21.1.2011
Chattisgarh
459 NABCONS, Mumbai Farmers Etah, U.P. 21.1.2011
AP- ND
460 NABCONS, Mumbai Farmers Shahjahanpur, U.P. 21.1.2011
AP- ND
461 NABCONS, Mumbai PAC Makdi, Bulandshahr, U.P. 21.1.2011
462 NABCONS, Mumbai Farmers Karnal, Haryana 21.1.2011
AP- ND
463 NABCONS, Mumbai Farmers Bhiwani, Haryana 21.1.2011
AP- ND
464 NABCONS, Mumbai Farmers Pali, Rajasthan 21.1.2011
AP- ND
465 NABCONS, Mumbai Farmers Barpeta, Assam 22.1.2010
AP-ND
466 NABCONS, Mumbai Farmers Lalitpur, U.P. 22.1.2011
AP- ND
467 NABCONS, Mumbai Farmers Banda, U.P. 22.1.2011
AP- ND
468 NABCONS, Mumbai Farmers Moradabad, U.P. 22.1.2011
AP - REF
469 NABCONS, Mumbai Farmers Bareilly, U.P. 22.1.2011
AP - REF
470 NABCONS, Mumbai PAC Karnal- Gudha PACs, 22.1.2011
Haryana

85
S. No. Name of the lead Exchange Category Place Date

471 NABCONS, Mumbai APMC Kicha, Uttarkhand 22.1.2011

472 NCDEX, Mumbai General Vijayawada, AP 22.1.2011
473 MCX-GSK Farmers Vill: Bajpeir, Sondassi 24.1.2011
Branch post office, Dalmau
GSK (Rae Bareli, U.P.)
474 NABCONS, Mumbai APMC Bilaspur, H.P. 24.1.2011
475 NABCONS, Mumbai APMC Hamirpur, H.P. 24.1.2011
476 NABCONS, Mumbai Farmers Jhansi, U.P. 24.1.2011
AP - REF
477 NABCONS, Mumbai Farmers Gonda, U.P. 24.1.2011
AP- ND
478 NABCONS, Mumbai Farmers Bokaro E, Jharkhand. 24.1.2011
AP- ND
479 NABCONS, Mumbai Farmers North 24 Parganas, W.B. 24.1.2011
AP- ND
480 NABCONS, Mumbai Farmers Bankura, W. B. 24.1.2011
AP- ND
481 NABCONS, Mumbai APMC Nokha, Rajasthan 24.1.2011
482 NABCONS, Mumbai PAC Vaishali (Languraon 25.1.2011
Balichandpur BiharPACS),
483 NABCONS, Mumbai APMC Beawar, Rajasthan, 25.1.2011
484 NABCONS, Mumbai Farmers Sitapur U.P. 25.1.2011
AP- ND
485 NABCONS, Mumbai PAC Semari, Jhansi U.P. 25.1.2011
486 NABCONS, Mumbai PAC Mahar, Fatehpur, U.P. 25.1.2011
487 NABCONS, Mumbai Farmers Bhandara, M.S. 25.1.2011
AP- ND
488 NABCONS, Mumbai PAC Vivekanada SKUS, 25.1.2011
Tarakeswar, Hooghly., W.B.
489 NABCONS, Mumbai Farmers Sagar, M.P. 25.1.2011
AP-Ref
490 NABCONS, Mumbai APMC Vikas Nagar, Uttarkhand 25.1.2011
491 MCX-GSK Farmers Chanda Tikar Branch post 251.2011
office, Dalmau GSK (Rae
Bareli, U.P.)
492 MCX-GSK Farmers Chilalula Branch post office, 27.1.2011
Dalmau GSK (Rae Bareli,
U.P.)
493 MCX-GSK Farmers Vill: Naya kheda, Pathrota 27.1.2011
Branch Post office, Itarsi
GSK (Hoshangabad, M.P.)
494 MCX-GSK Farmers Vill: Somalwada, Sankheda 27.1.2011
Branch Post office, Itarsi
GSK (Hoshangabad, M.P.)
495 NABCONS, Mumbai APMC Bijaynagar, Rajasthan 27.1.2011
496 NABCONS, Mumbai Farmers East Singhbhum, Jharkhand 27.1.2011
AP- ND
497 NABCONS, Mumbai Farmers Palamu, Jharkhand 27.1.2011
AP- ND
498 NABCONS, Mumbai Farmers Hooghly, W.B. 27.1.2011
AP – REF
499 NABCONS, Mumbai APMC Rishikesh, Uttarkhand. 27.1.2011

86
S. No. Name of the lead Exchange Category Place Date

500 NABCONS, Mumbai PAC Jhabua (2), M.P. 27.1.2011

501 NABCONS, Mumbai Farmers Upper Siang, 28.1.2011
AP-ND Arunachal Pradesh
502 NABCONS, Mumbai Farmers Jorhat, Assam 28.1.2011
AP-Ref
503 NABCONS, Mumbai Farmers Nizamabad, A.P. 28.1.2011
AP – REF
504 NABCONS, Mumbai Farmers Shimla, H.P. 28.1.2011
AP- ND
505 NABCONS, Mumbai Farmers Puri, Orissa 28.1.2011
AP – REF
506 NABCONS, Mumbai APMC Daltonganj, Jharkhand 28.1.2011
507 NABCONS, Mumbai Farmers Bikaner, Rajasthan 28.1.2011
AP- ND
508 MCX-GSK Farmers Vill Naseerpur, Uttaragauri 28.1.2011
Branch post office, Dalmau
GSK (Rae Bareli, U.P.)
509 MCX-GSK Farmers Vill: Taronda, Jujaharpur 28.1.2011
Branch Post office, Itarsi
GSK (Hoshangabad, M.P.)
510 MCX-GSK Farmers Vill: Chilli, Gurra Branch 28.1.2011
Post office, Itarsi GSK
(Hoshangabad, M.P.)
511 NABCONS, Mumbai Farmers AP-Ref Sonitpur, Assam 29.1.2011
512 MCX-GSK Farmers Vill: Kasdea, Kalakhar 29.1.2011
Branch Post office, Itarsi
GSK (Hoshangabad, M.P.)
513 MCX-GSK Farmers Vill: Mahenderwadi, 29.1.2011
Bagratawa Branch Post
office, Itarsi GSK
(Hoshangabad, M.P.)
514 NCDEX, Mumbai General Dhampur, UP 29.1.2011
515 MCX, Mumbai General Kolhapur, MS 29.1.2011
516 NABCONS, Mumbai Farmers Muzaffarnagar, U.P. 29.1.2011
AP- ND
517 NABCONS, Mumbai Farmers Gurgaon, Haryana 29.1.2011
AP – REF
518 NABCONS, Mumbai Farmers Saharanpur, U.P. 29.1.2011
AP- ND
519 NABCONS, Mumbai APMC Garhwa, Jharkhand 30.1.2011
520 NABCONS, Mumbai PAC Mulaknur, Karimnagar A.P. 30.1.2011
521 MCX-GSK Farmers Vill: chota mane gove, 30.1.2011
Manegave Branch Post
office, Itarsi GSK
(Hoshangabad, M.P.)
522 MCX-GSK Farmers Vill: Bhamangove, Saket 30.1.2011
Branch Post office, Itarsi
GSK (Hoshangabad, M.P.)
523 NABCONS, Mumbai PAC Tawli, Muzaffarnagar, U.P. 31.1.2011
524 NABCONS, Mumbai Farmers Buldana, M.S. 31.1.2011
AP- ND

87
S. No. Name of the lead Exchange Category Place Date

525 NABCONS, Mumbai Farmers Birbhum, W.B. 31.1.2011

AP – REF
526 NABCONS, Mumbai APMC Indore , M.P. 31.1.2010
527 NABCONS, Mumbai Farmers Warangal, A.P. 31.1.2011
AP – REF
528 NABCONS, Mumbai APMC Kangra, H.P. 2.2.2011
529 NABCONS, Mumbai APMC Sadul Sahar, Rajasthan 2.2.2011
530 NABCONS, Mumbai Farmers Cuddalore, Tamil Nadu 2.2.2011
AP- ND
531 NABCONS, Mumbai APMC Raigard, M.S. 2.2.2011
532 NABCONS, Mumbai APMC Tumkur, Karnataka 3.2.2011
533 NABCONS, Mumbai APMC Lohardaga, Jharkhand 3.2.2011
534 MCX-GSK Farmers Vill. Raipur, Akauni Branch 3.2.2011
Post Office, Lalganj GSK
(RaeBareli, U.P.)
535 MCX-GSK Farmers Vill.Bannamau, Ajeetpur 3.2.2011
Branch Post Office , Lalganj
GSK (RaeBareli, U.P.)
536 MCX, Mumbai Traders Bellary, Karnataka 3.2.2011
537 MCX-GSK Farmers Merui Branch Post Office, 4.2.2011
Lalganj GSK (RaeBareli,
U.P.)
538 NABCONS, Mumbai Farmers Bolangir, Orissa 4.2.2011
AP-Ref
539 NABCONS, Mumbai PAC Balanga Service Coop 4.2.2011
Society, Block-Block
Nimapara, Puri, Orissa

540 MCX-GSK Farmers Vill. Raipur, Deepemau 4.2.2011

Branch Post Office, Lalganj
GSK (RaeBareli, U.P.)

541 MCX-GSK Farmers Vill. Jagatpur, Bishnukhera 5.2.2011

Branch Post Office, Lalganj
GSK (RaeBareli, U.P.)
542 MCX-GSK Farmers Vill. Janta Bazar, Lalumau 5.2.2011
Branch Post Office, Lalganj
GSK (RaeBareli, U.P.)
543 NABCONS, Mumbai Farmers Dakshina –Kannada, 7.2.2011
AP- ND Karnataka
544 NABCONS, Mumbai PAC Raipur-LAMPS 7.2.2011
Manikchouri, Chattisgarh
545 NABCONS, Mumbai Farmers Rudraprayag, Uttarkhand 7.2.2011
AP- ND
546 NABCONS, Mumbai Farmers Gwalior, M.P. 7.2.2011
AP-Ref
547 KVK, Raichur Farmers Raichur, Karnataka 8.2.2011
548 NABCONS, Mumbai APMC Siriguppa, Karnataka 8.2.2011
549 NABCONS, Mumbai APMC Chickballapur, Karnataka 8.2.2011
550 NABCONS, Mumbai APMC Ahemednagar, M.S. 8.2.2011
551 NABCONS, Mumbai APMC Kopal, Karnataka 8.2.2011
552 NABCONS, Mumbai APMC Rajanandgaon,, Chattisgarh 8.2.2011

88
S. No. Name of the lead Exchange Category Place Date

553 ICEX, Mumbai Members, Clients, Hazaribagh, Jharkhand 8.2.2011

Physical Industry
Players
554 ICEX, Mumbai Members, Clients, Jodhpur, Rajasthan 8.2.2011
Physical Industry
Players
555 NMCE, Ahmedabad General Bangalore, Karnataka 8.2.2011
556 NABCONS, Mumbai Farmers Golaghat , Assam 9.2.2011
AP-ND
557 NABCONS, Mumbai Farmers South Tripura 9.2.2011
AP-Ref
558 NABCONS, Mumbai APMC Bidar, Karnataka 9.2.2011
559 NABCONS, Mumbai Farmers Chitradurga, Karnataka 10.2.2011
AP- ND
560 NABCONS, Mumbai Farmers Malda, W.B. 10.2.2011
AP-Ref
561 NABCONS, Mumbai APMC Ahemednagar , M.S. 10.2.2011
562 ICEX, Mumbai Management SN Sinha College, Ranchi, 10.2.2011
Students Jharkhand
563 MCX-GSK Farmers Vill: Fattepur, Agargaon 10.2.2011
Branch Post Office, Deoli
GSK (Wardha, Maharashtra)
564 KVK, Gangavati Farmers Gangavati, Karnataka 11.2.2011
565 MCX-GSK Farmers Muradgaon; Nandora Branch 11.2.2011
Post Office, Deoli GSK
(Wardha, Maharashtra)
566 MCX-GSK Farmers Vill: Jamani, Chikani Branch 11.2.2011
Post Office, Deoli GSK
(Wardha, Maharashtra)
567 NABCONS, Mumbai APMC Nagpur, M.S. 11.2.2011
568 NABCONS, Mumbai Farmers Dharwad, Karnataka 11.2.2011
AP-Ref
569 NABCONS, Mumbai Farmers Hassan, Karnataka 11.2.2011
AP-Ref
570 NABCONS, Mumbai APMC Yadgiri, Karnataka 11.2.2011
571 NABCONS, Mumbai APMC Ahemednagar , M.S. 11.2.2011
572 NABCONS, Mumbai APMC Islampur, A.P. 11.2.2011
573 NABCONS, Mumbai APMC Sherapuli, A.P. 11.2.2011
574 MCX-GSK Farmers Vill: Shekhpur, Mozari 12.2.2011
Branch Post Office, Deoli
GSK (Wardha, Maharashtra)
575 MCX-GSK Farmers Vill: Poti, Khangaon Branch 12.2.2011
Post Office, Deoli GSK
(Wardha, Maharashtra)
576 MCX, Mumbai Clients, hedgers Patna, Bihar 12.2.2011.
577 NABCONS, Mumbai APMC Paralakhemundi, Orissa 12.2.2011
578 NABCONS, Mumbai PAC Sabong Saheed Shriti, W.B. 12.2.2011
579 NABCONS, Mumbai Farmers Gulbarga, Karnataka 12.2.2011
AP- ND
580 NABCONS, Mumbai Farmers West Singhbhum, Jharkhand 12.2.2011
AP-ND

89
S. No. Name of the lead Exchange Category Place Date

581 MCX-GSK Farmers Vill: Kosurla, Kapasi Branch 13.2.2011

Post Office, Deoli GSK
(Wardha, Maharashtra)
582 MCX-GSK Farmers Vill: Takali , Patri, Giroli 14.2.2011
Branch Post Office, Deoli
GSK (Wardha, Maharashtra)
583 MCX-GSK Farmers Vill: Momimpur, Andori 14.2.2011
Branch Post Office, Deoli
GSK (Wardha, Maharashtra)
584 NABCONS, Mumbai APMC Belgum, Karnataka 14.2.2011
585 NABCONS, Mumbai Farmers Theni, Tamil Nadu 14.2.2011
AP-Ref
586 NABCONS, Mumbai Farmers Davanagere, Karnataka 14.2.2011
AP- ND
587 NABCONS, Mumbai PAC Bahawa LAMPS, Nanihata 14.2.2011
Sreyahat, Dumka.,Jharkhand
588 NABCONS, Mumbai Farmers Barbhwan, W.B. 14.2.2011
AP- ND
589 NABCONS, Mumbai PAC Chapra-Dhantala SKUS 14.2.2011
Ranaghat, W.B.
590 NABCONS, Mumbai Farmers North Sikkim 15.2.2011
AP-ND
591 NABCONS, Mumbai PAC Bilaspur-LAMPS Sendra, 15.2.2011
Chattisgarh
592 NABCONS, Mumbai Farmers Ralchur, Karnataka 15.2.2011
AP- ND
593 NABCONS, Mumbai APMC Honnali, Karnataka 15.2.2011
594 NABCONS, Mumbai APMC Bailhongal, Karnataka 15.2.2011
595 NABCONS, Mumbai APMC Ratnagiri, M.S. 15.2.2011
596 NABCONS, Mumbai PAC Kamaygoundanpatti PACS in 15.2.2011
Theni dt., Tamil Nadu
597 NABCONS, Mumbai PAC Totgar Coop. Sell Soc. Uttar 15.2.2011
kannada Disrtict. Karnataka
598 NABCONS, Mumbai Farmers Sundergarh, Orissa 15.2.2011
AP-Ref
599 MCX-GSK Farmers Vill: Muradgaon, Nagazari 15.2.2011
Branch Post Office, Deoli
GSK (Wardha, Maharashtra)
600 MCX-GSK Farmers Vill: Chinchala, Pimpalgaon 15.2.2011
Branch Post Office, Deoli
GSK (Wardha, Maharashtra)
601 KVK, Bidar Farmers Bidar, Karnataka 15.2.2011

602 NMCE, Ahmedabad Farmers, Bankers Muvattupuzha Ernakulam, 16.2.2011

etc Kerala
603 NABCONS, Mumbai Farmers Bilaspur, Chattisgarh 16.2.2011
AP- ND
604 NABCONS, Mumbai PAC Hoshiarpur, Punjab 16.2.2011
605 NABCONS, Mumbai Farmers Rayagada, Orissa 16.2.2011
AP- ND
606 NABCONS, Mumbai Farmers Ratlam, , M.P. 16.2.2011
AP- ND

90
S. No. Name of the lead Exchange Category Place Date

607 NABCONS, Mumbai APMC Kota, Rajasthan 16.2.2011

608 NABCONS, Mumbai Farmers Kochi, Kerala 16.2.2011
AP-Ref
609 NABCONS, Mumbai Farmers South Sikkim 17.2.2011
AP-Ref
610 NABCONS, Mumbai Farmers Chikmagalur, Karnataka 17.2.2011
AP-Ref
611 NABCONS, Mumbai Farmers Jharsuguda, Orissa 17.2.2011
AP- ND
612 NABCONS, Mumbai APMC Mungeli, Chattisgarh 17.2.2011
613 MCX, Mumbai Clients, Hedgers Kolkata, WB 17.2.2011
614 MCX, Mumbai Clients, Hedgers Machilipatnam, A.P. 17.2.2011
615 MCX, Mumbai General Agra, UP 17.202011
616 NCDEX, Mumbai General Rajkot, Gujarat 17.2.2011
617 NABCONS, Mumbai Farmers West Sikkim 18.2.2011
AP-Ref
618 KVK, Gulbarga Farmers Gulbarga Karnataka 18.2.2011
619 MCX, Mumbai Iron Ore miners / Chennai, T.N. 18. 2.2011
exporters /
Traders /
620 MCX, Mumbai The Belgaum Belgaum, Karnataka 18.2.2011
Chamber of
Commerce
& Industries
621 ICEX, Mumbai Students New Delhi 18.2.2011
[Indian Institute of Foreign
Trade]
622 ICEX, Mumbai Students New Delhi 18.2.2011
[Indian Institute of Learning
Management ]
623 NABCONS, Mumbai APMC Bilaspur, Chattisgarh 18.2.2011
624 NABCONS, Mumbai Farmers Salem, Tamil Nadu 18.2.2011
AP- ND
625 NABCONS, Mumbai Farmers AP-ND Lohardaga, Jharkhand 18.2.2011
626 NABCONS, Mumbai PAC Kandarpur Service 18.2.2011
Coop,Society, Block-Cuttack
Sandar,Cuttack., Orissa
627 NABCONS, Mumbai APMC Mahasamund, Chattisgarh 19.2.2011
628 NABCONS, Mumbai PAC PACS, Mandya District., 19.2.2011
Karnataka
629 NABCONS, Mumbai Farmers Gajapati, Orissa 19.2.2011
AP- ND
630 NABCONS, Mumbai APMC Khargone, M.P. 19.2.2011
631 MCX-GSK Farmers Vill. Rajapur, Kuwarmau 21.2.2011
Branch Post office
(Nasirabad GSK, RaeBareli)
U.P.
632 MCX-GSK Farmers Vill. Ammarpur, Alampur 21.2.2011
Branch Post office
(Nasirabad GSK, RaeBareli)
U.P.
633 MCX, Mumbai General Hyderabad, AP 21.2.2011

91
S. No. Name of the lead Exchange Category Place Date

634 NABCONS, Mumbai Farmers Jaipur, Rajasthan 21.2.2011

AP- ND
635 NABCONS, Mumbai APMC Haridwar, Uttarkhand 21.2.2011
636 NABCONS, Mumbai APMC Doeg, Rajasthan 21.2.2011
637 NABCONS, Mumbai Farmers Saiha, Mizoram 21.2.2011
AP-ND
638 NABCONS, Mumbai Farmers Lawgtlai , Mizoram 22.2.2011
AP-ND
639 NABCONS, Mumbai Farmers Tirap, Arunachal Pradesh 22.2.2011
AP-ND
640 NABCONS, Mumbai Farmers Hazaribah, Jharkhand 22.2.2011
AP-Ref
641 NABCONS, Mumbai PAC Malnad Areca Marketing 22.2.2011
Cooperative Society Shimoga
District. Karnataka
642 NABCONS, Mumbai Farmers Dhamatri, Chattisgarh 22.2.2011
AP- ND
643 MCX-GSK Farmers Vill. Pure Raei, Sandaha 22.2.2011
Branch Post office (Jais GSK,
RaeBareli) U.P.
644 MCX-GSK Farmers Vill. Pure Kharin, Kanta 22.2.2011
Branch Post office (Jais GSK,
RaeBareli) U.P.
645 NCDEX, Mumbai General Hospet, Karnataka 22.2.2011
646 NCDEX, Mumbai General Gorakhpur, UP 22.2.2011
647 ICEX, Mumbai APMC and Dimapur, Nagaland 22.2.2011
Nagaland State
Agriculture
Marketing Board
Officers
648 MCX-GSK Farmers Vill: Ghardi, Kinod Branch 22.2.2011
Post office, Jalgaon GSK
(Jalgaon, Maharashtra)
649 KVK, Hagari Farmers Hagari, Karnataka 22.2.2011
650 MCX-GSK Farmers Vill: Khaparkheda, 23.2.2011
Dhamangaon Branch Post
office, Jalgaon GSK (Jalgaon,
Maharashtra)
651 MCX-GSK Farmers Vill. Bheliya, Barkhurdarpur 23.2.2011
Branch Post office (Jais GSK,
RaeBareli) U.P.
652 MCX-GSK Farmers Vill. Lala ka purwa, 23.2.2011
Ashrafpur Branch Post
office(Nasirabad GSK,
RaeBareli) U.P.
653 NCDEX, Mumbai Mandi Officals Talegon, Maharashtra 23.2.2011
654 NMCE, Ahmedabad Farmers Kalampoor, Kerala 23.2.2011
655 ICEX, Mumbai Farmers, NGO Hapur, UP 23.2.2011
and Banks
656 NABCONS, Mumbai APMC Bellari, Karnataka 23.2.2011
657 NABCONS, Mumbai Farmers Deoghar, Jharkhand 23.2.2011
AP-Ref

92
S. No. Name of the lead Exchange Category Place Date

658 NABCONS, Mumbai APMC Saraipali, Chattisgarh 23.2.2011

659 NABCONS, Mumbai Farmers Jodhpur, Rajasthan 23.2.2011
AP- ND
660 NABCONS, Mumbai APMC Surajpole, Rajasthan 23.2.2011
661 NABCONS, Mumbai APMC Hapur, U.P. 23.2.2011
662 NABCONS, Mumbai Farmers Lunglei, Mizoram 23.2.2011
AP-ND
663 NABCONS, Mumbai Farmers Serchhip, Mizoram 24.2.2011
AP-Ref
664 NABCONS, Mumbai APMC Kolhapur , M.S. 24.2.2011
665 NABCONS, Mumbai APMC Amreli, Gujarat 24.2.2011
666 NABCONS, Mumbai APMC Bharuch, Gujarat 24.2.2011
667 NABCONS, Mumbai Farmers Jhunnagadh, Gujarat, 24.2.2011
AP- ND
668 NABCONS, Mumbai Farmers Banaskhanda, Gujarat 24.2.2011
AP- ND
669 NABCONS, Mumbai APMC Dhamtri, Chattisgarh 24.2.2011
670 NABCONS, Mumbai Farmers Kanyakumari, Tamil Nadu 24.2.2011
AP- ND
671 NABCONS, Mumbai APMC Rajandgaon, Rajasthan 24.2.2011
672 ICEX, Mumbai General Agartala, Tripura 24.2.2011
673 MCX-GSK Farmers Vill: Nandra KH, 24.2.2011
Dhamangaon Branch Post
office, Jalgaon GSK (Jalgaon,
Maharashtra)
674 MCX-GSK Farmers Vill. Pure Bunda , 24.2.2011
Paraiyanamaksar Branch Post
office (Jais GSK, RaeBareli)
U.P.
675 MCX-GSK Farmers Vill. Pure Mitai, Babhanpur 24.2.2011
Branch Post office (Jais GSK,
RaeBareli) U.P.
676 EEU, Lingasugar Farmers Hagari, Karnataka 25.2.2011
677 NABCONS, Mumbai Farmers Kolasib, Mizoram 25.2.2011
AP-Ref
678 MCX-GSK Farmers Vill. Beval, Sujavariya 25.2.2011
Branch Post office
(Nasirabad GSK, RaeBareli)
U.P.
679 MCX-GSK Farmers Vill. Ramsapur, Lahenga 25.2.2011
Branch Post office
(Nasirabad GSK, RaeBareli)
U.P.
680 MCX-GSK Farmers Avhane Branch Post office, 25.2.2011
Jalgaon GSK (Jalgaon,
Maharashtra)
681 MCX, Mumbai Bullion and Jabalpur, M.P. 25.2.2011
Physical Traders
682 NABCONS, Mumbai APMC Roorkee pancahayt elections, 25.2.2011
Uttarkhand
683 NABCONS, Mumbai APMC Mandya, Karnataka 25.2.2011
684 NABCONS, Mumbai APMC Kolhapur, M.S. 25.2.2011

93
S. No. Name of the lead Exchange Category Place Date

685 NABCONS, Mumbai Farmers Namakkal, Tamil Nadu 26.2. 2011

AP- ND
686 NABCONS, Mumbai APMC Mandsaur, M.P. 26.2.2011
687 MCX-GSK Farmers Shirsoli Branch Post office, 26.2.2011
Jalgaon GSK (Jalgaon,
Maharashtra)
688 MCX, Mumbai General Sriganganagar, Rajasthan 26.2.2011
689 NCDEX, Mumbai General Rewari, Haryana 28.2.2011
690 NABCONS, Mumbai APMC Jalgaon, M.S. 27.2.2011
691 NABCONS, Mumbai APMC Shimoga, Karnataka 28.2.2011
692 NABCONS, Mumbai PAC Peddapadu PACS West 28.2.2011
Godavari, A.P.
693 NABCONS, Mumbai Farmers Dhalai, Tripura 28.2.2011
AP-ND
694 NABCONS, Mumbai Farmers Surat, Gujarat 1.3.2011
AP-Ref
695 NABCONS, Mumbai PAC Manikantha PACS Krishna 1.3.2011
A.P.
696 NABCONS, Mumbai Farmers Karimnagar, A.P. 1.3.2011
AP- ND
697 MCX, Mumbai General Delhi 1.3.2011
698 MCX-GSK Farmers Vill: SanKrpura, Upera 1.3.2011
Branch post office, (Unjha
GSK, Mahesana), Gujarat
699 MCX-GSK Farmers Vill: Pradhanpura, BhanKar 1.3.2011
Branch post office, (Unjha
GSK, Mahesana), Gujarat

700 NABCONS, Mumbai Farmers Jangir, Chattisgarh 1.3.2011

AP- ND
701 NABCONS, Mumbai PAC Pardi, Valsad, Gujarat 1.3.2011
702 NABCONS, Mumbai Farmers North Tripura 1.3.2011
AP-ND
703 NABCONS, Mumbai Farmers Mamit, Mizoram 2.3.2011
AP-ND
704 NABCONS, Mumbai APMC Sakti, Chattisgarh 3.3.2011
705 NABCONS, Mumbai Farmers Guntur, A.P. 3.3.2011
AP – REF
706 NABCONS, Mumbai Farmers Vadodara, Gujarat 3.3.2011
AP- ND
707 NABCONS, Mumbai Farmers West Siang, 3.3.2011
AP-ND Arunachal Pradesh
708 NABCONS, Mumbai Farmers Purba Medinipur, W.B. 4.3.2011
AP- ND
709 NABCONS, Mumbai APMC Jamnagar, Gujarat 4.3.2011
710 NABCONS, Mumbai PAC Sonipura Somnath, Kheda, 4.3.2011
Gujarat
711 MCX, Mumbai Members and Chennai, T.N. 4.3.2011
Traders
712 MCX, Mumbai General Bangalore, Karnataka 4.3.2011
713 NCDEX, Mumbai General Nasik 4.3.2011
Maharashtra

94
S. No. Name of the lead Exchange Category Place Date

714 ICEX, Mumbai General Nagpur, M.S. 4.3.2011

715 ICEX, Mumbai Farmers Simboli, U.P 5.3.2011
716 MCX, Mumbai Physical Traders Ahmadabad, Gujarat 5.3.2011
of Sugar
717 MCX, Mumbai Members and Faridabad, Haryana 5.3.2011
Traders
718 NABCONS, Mumbai PAC FSS Buxar, Ghaziabad, U.P. 5.3.2011
719 NABCONS, Mumbai Farmers Champhai, Mizoram 5.3.2011
AP-ND
720 NCDEX, Mumbai General Jorhat, Assam 6.3.2011
721 NCDEX, Mumbai Students Pondicherry University 7.3.2011
Pondicherry
722 NCDEX, Mumbai General Raichur, Karnataka 7.3.2011
723 NABCONS, Mumbai APMC Dewas, M.P. 8.3.2011
724 NABCONS, Mumbai APMC Ranchi, Jharkhand 8.3.2011
725 MCX-GSK Farmers Mandewaru Branch Post 8.3.2011
Office (Jewargi GSK,
Gulbaraga), KarnataKa
726 MCX-GSK Farmers Jeratagi Branch Post Office 8.3.2011
(Jewargi GSK, Gulbaraga),
KarnataKa
727 NCDEX, Mumbai Students Vels University-Chennai 8.3.2011
TamilNadu
728 NCDEX, Mumbai Students Chennai Business School 9.3.2011
TamilNadu
729 NCDEX, Mumbai General Alwar, Rajasthan 9.3.2011
730 MCX-GSK Farmers Bilawar Branch Post Office 9.3.2011
(Jewargi GSK, Gulbaraga),
KarnataKa
731 NABCONS, Mumbai Farmers Dhule, M.S. 9.3.2011
AP-Ref
732 NABCONS, Mumbai APMC Bilara, Rajasthan 10.3.2011
733 NABCONS, Mumbai APMC Dhar, M.P. 10.3.2011
734 NABCONS, Mumbai APMC Dhule, M.S. 10.3.2011
735 NABCONS, Mumbai APMC Panchmahal¸ Gujarat 10.3.2011
736 MCX-GSK Farmers Hipparaga(J) Branch Post 10.3.2011
Office (Jewargi GSK,
Gulbaraga), KarnataKa
737 MCX-GSK Farmers Koodi Branch Post Office 10.3.2011
(Jewargi GSK, Gulbaraga),
KarnataKa
738 NCDEX, Mumbai General Amritsar, Punjab 10.3.2011
739 NCDEX, Mumbai General Nagour, Rajasthan 11.3.2011
740 MCX, Mumbai General Visakhapatnam, A.P. 11.3.2011

741 MCX, Mumbai Member and Jaipur, Rajasthan 11.3.2011

Physical Traders
(Mini Contracts)
742 MCX-GSK Farmers Deasanagi Branch Post 11.3.2011
Office (Jewargi GSK,
Gulbaraga), Karnataka

95
S. No. Name of the lead Exchange Category Place Date

743 MCX-GSK Farmers Madari Branch Post Office 11.3.2011

(Jewargi GSK, Gulbaraga),
Karnataka
744 NABCONS, Mumbai APMC Beed , M.S. 11.3.2011
745 NABCONS, Mumbai APMC Karimnagar, A.P. 12.3.2011
746 NABCONS, Mumbai Farmers Jalna, M.S. 12.3.2011
AP-Ref
747 NCDEX, Mumbai General Merta, Rajasthan 12.3.2011
748 NABCONS, Mumbai Farmers Nadia , W.B. 12.3.2011
AP-Ref
749 NABCONS, Mumbai PAC Patan, Gujarat 13.3.2011
750 NABCONS, Mumbai PAC Calicut, Kerala 14.3.2011
751 NABCONS, Mumbai Farmers Calicut, Kerala 14.3.2011
AP- ND
752 NABCONS, Mumbai APMC Gunpur , Orissa 14.3.2011
753 NABCONS, Mumbai APMC Kurud, Chattisgarh 14.3.2011
754 NABCONS, Mumbai APMC Anand, Gujarat 15.3.2011
755 NABCONS, Mumbai Farmers Bhavnagar, Gujarat 16.3.2011
AP- ND
756 NCDEX, Mumbai General Aarambagh 16.3.2011
West Bengal
757 NCDEX, Mumbai General Meghalaya 16.3.2011
Deptt. of Agriculture
758 NCDEX, Mumbai Students NEHU- Shillong 16.3.2011
Meghalaya
759 NABCONS, Mumbai Farmers Bharatpur , Rajasthan 17.3.2011
AP- ND
760 NABCONS, Mumbai APMC Dhule, M.S. 17.3.2011
761 NABCONS, Mumbai PAC Barkul Service Coop Society, 17.3.2011
Block-Banpur, Khurda.,
Orissa
762 NABCONS, Mumbai Farmers West Tripura 17.3.2011
AP-Ref
763 NABCONS, Mumbai APMC Durg, Chattisgarh 18.3.2011
764 NABCONS, Mumbai Farmers Balasore, Orissa 18.3.2011
AP- ND
765 NABCONS, Mumbai Farmers Navsari, Gujarat 18.3.2011
AP- ND
766 NABCONS, Mumbai Farmers Ganjam, Orissa 18.3.2011
AP-Ref
767 NABCONS, Mumbai Farmers Rajkot, Gujarat 18.3.2011
AP-Ref
768 MCX, Mumbai Member and Mysore, Karnataka 18.3.2011
Physical Trader
769 MCX, Mumbai Members and Hosur, Karnataka 18.3.2011
Traders
770 NCDEX, Mumbai General Dehrdun, Uttarkhand 18.3.2011
771 MCX, Mumbai Member and Ahmadabad, Gujarat 19.3.2011
Physical Trader
772 MCX, Mumbai Member and Ganjbasoda., M.P. 19.3.2011
Physical Trader

96
S. No. Name of the lead Exchange Category Place Date

773 NABCONS, Mumbai APMC Surendranagar, Gujarat 19.3.2011

774 MCX, Mumbai General Madurai, T.N. 20.3.2011
775 NABCONS, Mumbai Farmers Durg, Chattisgarh 22.3.2011
AP- ND
776 NABCONS, Mumbai Farmers Bargarh, Orissa 22.3.2011
AP- ND
777 NABCONS, Mumbai Farmers Wayanad, Kerala 22.3.2011
AP- ND
778 NABCONS, Mumbai APMC Ahmedabad, Gujarat 22.3.2011
779 NABCONS, Mumbai APMC Navsari, Gujarat 22.3.2011
780 NABCONS, Mumbai PAC Wayanad, Kerala 22.3.2011
781 MCX-GSK Farmers Vill: Jwalagarh, Salawa 22.3.2011
Branch Post Office (Sardhana
GSK, Meerut), U.P.
782 MCX, Mumbai Members and Rasipuram, T.N. 22.3.2011
Physical Trader
783 MCX-GSK Farmers Vill: BhoopKhera, 23.3.2011
Mujahidpur Branch Post
Office (Sardhana GSK,
Meerut), U.P.
784 MCX-GSK Farmers Vill: Fareedpur, Kheda 23.3.2011
Branch Post Office (Sardhana
GSK, Meerut), U.P.
785 NCDEX, Mumbai General Agra, Uttar Pradesh 23.3.2011
786 NABCONS, Mumbai PAC Idukki, Kerala 23.3.2011
787 NABCONS, Mumbai APMC Balod, Chattisgarh 23.3.2011
788 NABCONS, Mumbai Farmers Mehaboobnagar, A.P 23.3.2011
AP- ND
789 NABCONS, Mumbai Farmers Idukki, Kerala 23.3.2011
AP- ND
790 NABCONS, Mumbai Farmers Ajmer, Rajasthan 24.3.2011
AP-Ref
791 NABCONS, Mumbai Farmers Kota Rajasthan 24.3.2011
AP-Ref

792 MCX, Mumbai Members and Kolkata, W.B. 24.3.2011

Physical Trader
793 MCX-GSK Farmers Vill: Phali, Kaland Branch 24.3.2011
Post Office (Sardhana GSK,
Meerut), U.P.
794 MCX-GSK Farmers Vill: Nahali, PitloKer Branch 24.3.2011
Post Office (Sardhana GSK,
Meerut), U.P.
795 MCX, Mumbai Members and Thalassery, Kerala 25.3.2011
Physical Traders
(Mini Contracts)
796 MCX, Mumbai Members and Perinthalmanna, Kerala 25.3.2011
Physical Traders
(Mini Contracts)
797 MCX-GSK Farmers Vill: Chandana, Chaboriya 25.3.2011
Branch Post Office (Sardhana
GSK, Meerut), U.P.

97
S. No. Name of the lead Exchange Category Place Date

798 MCX-GSK Farmers Vill: Nawada, Kaland Branch 25.3.2011

Post Office (Sardhana GSK,
Meerut), U.P.
799 MCX, Mumbai Members Delhi 25.3.2011
800 MCX, Mumbai Physical Traders Gudivada, A.P. 25.3.2011
and Investors
801 MCX, Mumbai Physical Traders Kanpur, U.P. 28.3.2011
and Investors
802 NCDEX, Mumbai General Suratgarh, Rajasthan 26.3.2011
803 NCDEX, Mumbai General Coimbatore, Tamil Nadu 26.3.2011
804 MCX-GSK Farmers DauKlatpura-2 Branch Post
Office, (Masuda GSK,
Ajmer), Rajasthan 27.3.2011
805 MCX-GSK Farmers Begliyas Branch Post Office,
(Masuda GSK, Ajmer),
Rajasthan 27.3.2011
806 MCX-GSK Farmers Vill: MAHAMDPUR, Sarul
Branch Post Office,
(Babhulgaon GSK,
Yavatmal), Maharashtra 27.3.2011
807 MCX-GSK Farmers Viil: SINDHI, Pachkhed
Branch Post Office,
(Babhulgaon GSK,
Yavatmal), Maharashtra 27.3.2011
808 NABCONS, Mumbai Farmers AP-Ref Vidisha, M.P. 27.3.2011
809 NABCONS, Mumbai Farmers Chittoor, A.P. 28.3.2011
AP- ND
810 MCX-GSK Farmers Vill: DEVGAON, Ganori
Branch Post Office,
(Babhulgaon GSK,
Yavatmal), Maharashtra 28.3.2011
811 MCX-GSK Farmers Vill: PINPRI, Naygaon
Branch Post Office,
(Babhulgaon GSK,
Yavatmal), Maharashtra 28.3.2011
812 MCX-GSK Farmers Devmali Branch Post Office,
(Masuda GSK, Ajmer),
Rajasthan 28.3.2011
813 MCX-GSK Farmers Dholdanta Branch Post
Office, (Masuda GSK,
Ajmer), Rajasthan 28.3.2011
814 MCX-GSK Farmers Jehipiya Branch Post Office,
(Masuda GSK, Ajmer),
Rajasthan 29.3.2011
815 MCX-GSK Farmers Kund Ka Lamba Branch Post
Office, (Masuda GSK,
Ajmer), Rajasthan 29.3.2011
816 MCX-GSK Farmers Vill: KHADKSAWANGA,
Dighi Branch Post Office,
(Babhulgaon GSK,
Yavatmal), Maharashtra 29.3.2011

98
S. No. Name of the lead Exchange Category Place Date

817 MCX-GSK Farmers Vill: MITNAPUR, Falegaon

Branch Post Office,
(Babhulgaon GSK,
Yavatmal), Maharashtra 29.3.2011
818 NCDEX, Mumbai General Bareily, Uttar Pradesh 29.3.2011
819 NABCONS, Mumbai Farmers AP- ND Kottayam, Kerala 29.3.2011
820 MCX-GSK Farmers Vill: HIWARA, Pardi Branch 30.3.2011
Post Office, (Babhulgaon
GSK, Yavatmal),
Maharashtra
821 MCX-GSK Farmers Vill: KOPRA, Dighi Branch
Post Office, (Babhulgaon
GSK, Yavatmal,
Maharashtra) 30.3.2011
822 MCX-GSK Farmers Satwariya Branch Post
Office, (Masuda GSK,
Ajmer), Rajasthan 30.3.2011
823 MCX-GSK Farmers Moyana Branch Post Office,
(Masuda GSK, Ajmer),
Rajasthan 30.3.2011
824 NCDEX, Mumbai General Madurai, Tamil Nadu 30.3.2011
825 NCDEX, Mumbai General Haldwani 30.3.2011
826 MCX-GSK Farmers Shyamgarh Branch Post
Office, (Masuda GSK,
Ajmer), Rajasthan 31.3.2011
827 MCX-GSK Farmers Nandwara Branch Post
Office, (Masuda GSK,
Ajmer), Rajasthan 31.3.2011
828 MCX-GSK Farmers Vill: KONDHA, Naygaon
Branch Post Office,
(Babhulgaon GSK,
Yavatmal), Maharashtra 31.3.2011
829 MCX-GSK Farmers Vill: WATKHED(KHURD), 31.3.2011
Watkhed Branch Post Office,
(Babhulgaon GSK,
Yavatmal), Maharashtra

Annexure VII-B
Statewise Summery of Awareness Programmes conducted for Farmers / Non-farmers.

S. No. Names of States Farmers Others Total

1 Maharashtra 103 34 137
2 Andhra Pradesh 9 20 29
3 West Bengal 12 14 26
4 Uttaranchal 8 13 21
5 Punjab 8 10 18
6 Gujarat 15 22 37

99
 7 Kerala 8 14 22
8 Tamil Nadu 12 20 32
9 Karnataka 38 29 67
10 Rajasthan 29 36 65
11 Bihar 6 8 14
12 Madhya Pradesh 46 19 65
13 Uttar Pradesh 130 20 150
14 Jharkhand 8 16 24
15 Haryana 11 8 19
16 New Delhi -- 9 9
17 Orissa 8 11 19
18 Assam 7 3 10
19 Himachal Pradesh 3 9 12
20 Nagaland 1 4 5
21 Mizoram 7 -- 7
22 Meghalaya -- 2 2
23 Sikkim 4 -- 4
24 Manipur -- 1 1
25 Chatttisgarh 5 15 20
26 Jammu -- 1 1
27 Tripura 4 2 6
28 Arunachal Pradesh 3 -- 3
29 Pondicherry -- 2 2
30 Chandigarh -- 1 1
31 Goa 1 -- 1
TOTAL 486 343 829

Annexure VIII

Details of Capacity Building programmes conducted during 2010-11.

S. Name of the Dates of the Name of the programme Category of participants

No. Institute programme
conducted
1 J. N. Krishi Vishwa 10th and 11th Training programme on faculty/students of
Vidyalaya, June, 2010 commodity futures market Jabalpur(M.P.),
Jabalpur - (M.P.). for Agricultural Raipur and Rajmata
Universities Vijayarajy Schindiya
Krishi Viswa Vidyalaya,
Gwalior
2 VAMNICOM, 24-26th June, Futures trading on For BODs & MDs of
Pune 2010 agricultural commodities SCBs and DCCBs

100
S. Name of the Dates of the Name of the programme Category of participants
No. Institute programme
conducted
3 VAMNICOM, 24-26th June, Futures trading on For Executives/Managers
Pune 2010 agricultural commodities of SCBs and DCCBs
4 HAFED, Haryana 17-18th June, Training programme on For office bearers and
2010 commodity market management of Hafed,
Haryana
5 MPUAT, Udaipur 25-26th June Training programme on For faculty members and
2010 commodity futures market student of the University
for Agricultural
Universities
6 National Bank Staff 19-20th July, Futures trading of MDs, GMs, DGMs and
College, Lucknow 2010 agricultural commodities other levels of officers of
the cooperative banks
across the country
7 T.N. Agri. Univ. 21-22nd July, Faculty Development Commerce/Economics/M
Coimbatore 2010 Programme anagement of Bharathiar
University, its affiliated
Institutions and other
colleges and Universities
in and around Coimbatore
8 D.G. ICM, Gadgil, 30-31st July, Futures trading of For cooperatives
Nagpur 2010 agricultural commodities personnel of Vidharbha
and Marathwada regions
of Maharashtra, Board of
Management, Secretaries,
Assistant Secretaries and
President of Primary
Agricultural Marketing
Societies
9 Punjab Agricultural 5-6th August, Futures trading of For faculty of KVKs and
University,Ludhiana 2010 agricultural commodities other extension scientist
10 D.G. ICM, Gadgil, 12-13th August, Futures trading of For cooperatives
Nagpur 2010 agricultural commodities personnel of Vidharbha
and Marathwada regions
of Maharashtra, Board of
Management, Secretaries,
Assistant
Secretaries and President
of Primary Agricultural
Marketing Societies

11 TOPIC Gurgaon 26-27th Futures trading of For Development

Aug.2010 agricultural commodities officers of Coop.
Departments/DCCBs
12 University of 26-27th Commodity Futures Market for KVK staff, your
Agricultural August, 2010 for Agricultural Department personnel,
Sciences, Banglore Universities University staff and first
year MBA(ABM)
students
13 VAMNICOM, Pune 20-22nd Programme on creating Cooperative personnel
Sept.2010 excellence through strategy
and culture

101
S. Name of the Dates of the Name of the programme Category of participants
No. Institute programme
conducted
14 Navsari Agricultural 21-22nd Sept. Commodity Futures Market For students of MBA
Univ. Navsari 2010 for Agricultural (Agribusiness)
Universities.

15 Pondicherry 25-26th Sept. Faculty Development For commerce,

University 2010 Programme on commodity Economics, Management
derivatives & Sciences of
Pondicherry University &
colleges in University &
T .N.
16 Institute of 30th Sept.- 1st Futures trading of For Board of Directors of
Cooperative Oct. 2010 Agricultural Commodity PACs/ PAMGs
Management, Jaipur
17 NITIE, Mumbai 7-8th October, National Seminar on Associated with
2010 Commodity Markets commodity trade
Ecosystem Recent Trends
and Prospects ahead.
18 Dr. Panjabrao 13-14th Oct. Commodity Futures Market For faculty and students
Deshmukh Krishi 2010 for Agricultural of the University
Vidyapeeth, Universities
Akola
19 Udaybhansinghji 19-20th On Commodity Futures Senior level cooperative
RICM, Oct.2010 Market. personnel (MDs and
Gandhinagar CEOs of Cooperative
(Gujarat) banks and Cooperative
Marketing Federations)
and mandi officials of the
State of Gujarat
20 Udaybhansinghji 22-23rd On Commodity Futures -do-
RICM, Oct.2010 Market.
Gandhinagar
(Gujarat)

21 VAMNICOM, Pune 25-27th Programme on commodity For Cooperative

Oct.2010 futures market for personnel
cooperatives
22 LBSNAA, 11th Nov. 2010 IAS Phase IV Mid Career For IAS phase IV
Mussorie Programme
23 IRMA, Anand 11-12th Nov. On Commodity Futures For cooperative
2010 Market marketing societies and
marketing federations
24 Institute of 15-16th Nov. Futures trading of For Board of Directors of
Cooperative 2010 Agricultural Commodity DCCBs
Management, Jaipur
25 Mahatama Phule 21.11.2010 Commodity exchanges and For students and faculty
Krishi Vidypeeth, forward/futures markets
Rahuri,
Ahmedanagar
26 Govt.of Kerala, 25.11.2010 Commodity Futures For Commercial Tax
Thiruvananthapura Markets Officials.
m

102
S. Name of the Dates of the Name of the programme Category of participants
No. Institute programme
conducted
27 Central Agricultural 25-26th On commodity futures For the officers of the
University Pasighat, Nov.2010 markets University, Krishi Vigyan
Arunachal Pradesh Kendras, State
Department of
Agriculture and State
Department of
Horticulture of Arunachal
Pradesh
28 TOPIC Gurgaon 1-2nd Dec.2010 Futures trading of Cooperatives.
agricultural commodities For JRCS/DRCS/ARCS/
Managers of DCCBs
29 Institute of 6-7th Dec. 2010 Futures trading of For Members of PACs /
Cooperative Agricultural Commodity PAMGs
Management, Jaipur
30 Bharathidasan 11-12th Seminar on “Recent Trends For students, companies
University, Dec.2010 in Derivatives and Risk and other entities.
Tamil Nadu Management”
31 CCS Haryana 14-15th Dec. Commodity Futures Market For teachers and students
Agricultural 2010 for Agricultural of the University
University, Hissar Universities (CB)
32 CCS Haryana 16.12.2010 Commodity Futures Market For officials of KVKs
Agricultural for Agricultural
University, Hissar Universities (awareness
prog.)
33 BIRD, Lucknow 8-10th Dec. Futures Trading of For bank officers
2010 Agricultural Commodities
th
34 ICM, Bhopal 6-7 Jan.2011 On Commodity Futures For MDs and CEOs of
Market. DCCBs and CEOs of
M.P. and Chattisgarh
35 UAS, Raichur 24-25th Jan. On Commodity Futures For students and teachers
2011 Market oft UAS, Raichur
36 IIM(Lucknow) 27-28th On commodity futures Secretaries/Addl.
January, 2010 markets Secretaries/Jt. Sect. of
Central & State Govt.
37 Regional 17-18th On Commodity Futures Students and scientist
Agriculture Jan.2011 Market for Agricultural
Research Universities
Station (RARS),
Lam, Guntur,
38 Regional 19th Jan.2011 On Commodity Futures Awareness programme
Agriculture Market for Agricultural for farmers
Research Universities
Station (RARS),
Lam, Guntur,
39 XIMB, 28th Jan.2011 On Commodity Futures For students of PGPBFS
Bhubhaneshwar Market for Agricultural
Universities
40 NIAM, Jaipur 8-9th Feb. 2011 Futures trading in APMC Secretary of
agricultural commodities Assam SAMB
/Directorate of Agri.
Marketing

103
S. Name of the Dates of the Name of the programme Category of participants
No. Institute programme
conducted
41 IGICM, 14-15th “Futures Trading of For Secretaries, Managers
Lucknow February, 2011 Agricultural Commodities”. and Heads of Marketing
Boards and Mandi
Parishad of U.P. State
42 IGICM, 21-22nd “Futures Trading of For Secretaries, Managers
Lucknow February, 2011 Agricultural Commodities”. and Heads of Marketing
Boards and Mandi
Parishad of U.P. State
43 Institute of 17-18th Feb. Futures trading of For Board of Directors of
Cooperative 2011 Agricultural Commodity PACs
Management, Jaipur
44 TOPIC Gurgaon 24-25th Futures trading of Cooperatives.
Feb.2011 agricultural commodities For Managers of State
Mktg.
Federations/DCCBs &
officers of NCDC
45 Institute of 31st Jan.-1st Futures trading of For Board of Directors of
Cooperative Feb. 2011 Agricultural Commodity PAMGs
Management, Jaipur
46 Utkal University, 28.1.2011 Futures trading of P.G. students of the
Bhubaneshwar Agricultural Commodity University
47 Institute of 3-4th Futures trading of For Board of Directors of
Cooperative March,2011 Agricultural Commodity PACs/ PAMGs
Management, Jaipur
48 IGICM 7-8th March, “Futures Trading of For Secretaries, Managers
Lucknow 2011 Agricultural Commodities”. and Heads of Marketing
Boards and Mandi
Parishad of U.P. State
49 Anand Agricultural 7-8th March, Futures trading of for the faculty of
University, Anand 2011 Agricultural Commodity Agricultural Universities
of Gujarat, officers of line
Department/Board/Corpo
ration, P.G. Students and
progressive farmers
50 TOPIC Gurgaon 10-11th March, Futures trading of Cooperatives.
2011 agricultural commodities for Development officers
of Coop.
Departments/DCCBs
51 NIAM, Jaipur 8-9th March, Futures trading of APMC Secretary of
2011 agricultural commodities Punjab, Haryana/ SAMB
/Directorate of Agri.
Marketing

52 NIAM, Jaipur 15-16th March, Futures trading of APMC Secretary of West

2011 agricultural commodities Bangal/ SAMB
/Directorate of Agri.
Marketing

104
S. Name of the Dates of the Name of the programme Category of participants
No. Institute programme
conducted
53 Anand Agricultural 16-17th March, Futures trading of for the faculty of
University, Anand 2011 Agricultural Commodity Agricultural Universities
of Gujarat, officers of line
Department/Board/Corpo
ration, P.G. Students and
progressive farmers
54 NIAM, Jaipur 22-23rd March, Futures trading in APMC Secretary of
2011 agricultural commodities Nagaland SAMB
/Directorate of Agri.
Marketing
55 NIAM, Jaipur 23-24th March, Futures trading in UP Mandi Parishad
2011 agricultural commodities
56 IGICM, 24-25th March, “Futures Trading of For Secretaries, Managers
Lucknow 2011 Agricultural Commodities”. and Heads of Marketing
Boards and Mandi
Parishad of U.P. State
57 NIAM, Jaipur 25-26th Futures trading in Tamil Nadu SAMB
March, 2011 agricultural commodities
58 NIAM, Jaipur 25-26th March, Futures trading in Himachal Pradesh SAMB
2011 agricultural commodities
59 NIAM, Jaipur 29-30th March, Futures trading in Maharashtra SAMB
2011 agricultural commodities
60 NABCONS 22nd nov. 2010 Tot For nabcons officers
61 NABCONS 28.11.2010 Tot For nabcons officers
62 NABCONS 7.12.2010 Tot For nabcons officers
63 NABCONS 8.12.2010 Tot For nabcons officers
64 NABCONS 15.12.2010 Tot For nabcons officers
65 NABCONS 16.12.2010 Tot For nabcons officers
66 NABCONS 22.12.2010 Tot For nabcons officers
67 NABCONS 22.12.2010 Tot For nabcons officers
68 NABCONS 24.12.2010 Tot For nabcons officers
69 NABCONS 24.12.2010 Tot For nabcons officers
70 NABCONS 24.12.2010 Tot For nabcons officers
71 NABCONS 30.12.2010 Tot For nabcons officers
72 NABCONS 6.1.2011 Tot For nabcons officers
73 NABCONS 27.1.2011 Tot For nabcons officers
74 NABCONS 28.1.2011 Tot For nabcons officers
75 NABCONS 31.1.2011 Tot For nabcons officers
76 NABCONS 10.2.2011 Tot For nabcons officers
77 NABCONS 16.2.2011 Tot For nabcons officers
78 NABCONS 15-16th nov. Tot Nodal officers of 19 state
2010 govts.
79 NABCONS 9.12.2010 Tot Ner, state level

Annexure - IX

Details of international training programmes/conferences/meetings attended by officers of

105
 the Commission – 2010-11

S. No. Deputation Details Period of deputation

th
1 To attend the 35 Annual International Conference 6th - 10th June, 2010
of IOSCO at Montreal, Canada from 6th to10th June,
2010

2 SFOA Programme – “31st Annual SFOA 8th -11th September,

Burgenstock Meeting”, September 8th - 11th, 2009 and 2010
26th Annual Burgenstock Regulators’ Meeting – 9th
September, 2009

3 Meeting of the IOSCO Technical Committee Task 27th September,2010

Force on Commodity Futures Markets at London on
27th September, 2010.

4 Training programme organized by the Euromoney on 5th - 8th October, 2010

‘Commodity Markets, Derivatives and Finance’ at
Hong Kong from 5-8 October, 2010

5 To attend the IOSCO-EMC meeting at Istanbul, 13th - 15th October,

Turkey from 13th – 15th October, 2010. 2010

6 Training programme organized by the USCFTC on 17th - 22nd October,

“International Market Authorities on Regulation of 2010
Derivative Products, Markets and Financial
Intermediaries” at the Federal Reserve Bank of
Chicago from October 17-22, 2010

7 To attend the International Regulators Meeting and 15th - 18th March, 2011.
the 36th Annual International Futures Industry
Conference from 15th- 18th March, 2011.

8 Shri D.S. Kolamkar, Member to attend the G-20 23rd -24th March, 2011
meeting of Agriculture deputies at Paris from 23-24
March, 2011

106
 SPOT & FUTURES PRICES OF SILVER AT MCX
`. PER KG
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date SPOT
5-May-10 5-Jul-10 4-Sep-10 4-Dec-10 5-Mar-11 5-May-11 5-Jul-11 5-Sep-11 5-Dec-11
31-Mar-10 26875.00 26935.00 27141.00 27346.00 27506.00
15-Apr-10 27775.00 27855.00 28041.00 28246.00 28410.00
30-Apr-10 28235.00 28304.00 28297.00 28418.00 28577.00
15-May-10 29520.00 29658.00 29758.00 29931.00 30183.00
31-May-10 29263.00 29292.00 29385.00 29484.00 29215.00
15-Jun-10 29210.00 29366.00 29445.00 29551.00 29645.00
30-Jun-10 29575.00 29604.00 29607.00 29708.00 29832.00
15-Jul-10 29150.00 29170.00 29272.00 29356.00 29559.00
31-Jul-10 28644.00 28636.00 28750.00 28862.00 28950.00
14-Aug-10 28993.00 29039.00 29194.00 29270.00 29416.00
31-Aug-10 30140.00 30915.00 30887.00 30956.00 30991.00
15-Sep-10 32050.00 32108.00 32220.00 32282.00 32330.00
30-Sep-10 33350.00 32962.00 33097.00 33185.00 33310.00
15-Oct-10 36450.00 36106.00 36230.00 36344.00 36574.00
30-Oct-10 37075.00 37105.00 37378.00 37518.00 37625.00
15-Nov-10 39575.00 39610.00 39869.00 40144.00 40329.00
30-Nov-10 41805.00 43009.00 43198.00 43320.00 43428.00
15-Dec-10 44250.00 44442.00 44631.00 44750.00 44832.00
31-Dec-10 46065.00 46217.00 46433.00 46593.00 46712.00
15-Jan-11 44600.00 43842.00 44157.00 44306.00 44452.00
31-Jan-11 42950.00 43640.00 43936.00 44033.00 44178.00
15-Feb-11 46050.00 46390.00 47107.00 47317.00 47469.00
28-Feb-11 49600.00 49850.00 51113.00 51553.00 51919.00
15-Mar-11 52450.00 52084.00 52850.00 53481.00 54913.00
31-Mar-11 55900.00 55970.00 56609.00 57261.00 58157.00

107
 SPOT & FUTURES PRICES OF GOLD AT MCX
`. PER 10 GRAMS
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date SPOT
5-Apr-10 5-Jun-10 5-Aug-10 5-Oct-10 4-Dec-10 5-Feb-11 5-Apr-11 4-Jun-11 5-Aug-11 5-Oct-11
31-Mar-10 16300.00 16295.00 16436.00 16527.00 16592.00
15-Apr-10 16750.00 16838.00 16920.00 17012.00 17049.00
30-Apr-10 17015.00 17125.00 17208.00 17291.00 17339.00
15-May-10 18177.00 18164.00 18248.00 18345.00 18327.00
31-May-10 18377.00 18385.00 18398.00 18466.00 18525.00
15-Jun-10 18565.00 18664.00 18747.00 18780.00 18831.00
30-Jun-10 18805.00 18852.00 18926.00 19001.00 19047.00
15-Jul-10 18428.00 18400.00 18488.00 18565.00 18653.00
31-Jul-10 17799.00 17770.00 17937.00 18025.00 18090.00
14-Aug-10 18509.00 18565.00 18662.00 18727.00 18799.00
31-Aug-10 18920.00 19134.00 19236.00 19339.00 19410.00
15-Sep-10 19185.00 19139.00 19232.00 19325.00 19440.00
30-Sep-10 19165.00 19035.00 19239.00 19345.00 19427.00
15-Oct-10 19810.00 19835.00 20006.00 20148.00 20250.00
30-Oct-10 19680.00 19807.00 20000.00 20153.00 20285.00
15-Nov-10 20130.00 20223.00 20415.00 20600.00 20676.00
30-Nov-10 20500.00 20538.00 20807.00 20969.00 21067.00
15-Dec-10 20533.00 20631.00 20827.00 20969.00 21152.00
31-Dec-10 20575.00 20728.00 20921.00 21073.00 21193.00
15-Jan-11 20325.00 20261.00 20487.00 20673.00 20837.00
31-Jan-11 19920.00 19922.00 20170.00 20386.00 20567.00
15-Feb-11 20325.00 20500.00 20734.00 20924.00 21124.00
28-Feb-11 20800.00 20923.00 21227.00 21551.00 21828.00
15-Mar-11 20730.00 20605.00 20907.00 21246.00 21588.00
31-Mar-11 20760.00 20693.00 21058.00 21375.00 21686.00

108
 SPOT & FUTURES PRICES OF CRUDE OIL AT MCX
` PER 10 GRAMS
19-Apr- 19-May- 21-Jun- 19-Jul- 19-Aug- 20-Sep- 20-Oct- 18-Nov- 17-Dec-
Date Spot
10 10 10 10 10 10 10 10 10
31-Mar-10 3702.00 3751.00 3769.00 3787.00 3814.00 3822.00 3829.00
15-Apr-10 3830.00 3800.00 3852.00 3907.00 3925.00 3961.00 3959.00
30-Apr-10 3796.00 3814.00 3908.00 3964.00 3995.00 4024.00 4034.00
15-May-10 3230.00 3264.00 3440.00 3558.00 3638.00 3689.00 3740.00
31-May-10 3443.00 3464.00 3526.00 3577.00 3625.00 3664.00 3695.00
15-Jun-10 3498.00 3556.00 3615.00 3659.00 3698.00 3744.00 3764.00
30-Jun-10 3533.00 3523.00 3563.00 3603.00 3647.00 3692.00 3714.00
15-Jul-10 3558.00 3590.00 3622.00 3659.00 3689.00 3736.00
3592.00

31-Jul-10 3668.00 3654.00 3686.00 3716.00 3743.00 3780.00

14-Aug-10 3512.00 3537.00 3580.00 3624.00 3661.00 3696.00

31-Aug-10 3499.00 3449.00 3526.00 3609.00 3657.00
15-Sep-10 3561.00 3514.00 3585.00 3659.00 3713.00
30-Sep-10 3497.00 3591.00 3650.00 3703.00
15-Oct-10 3653.00 3599.00 3653.00 3704.00
30-Oct-10 3627.00 3630.00 3689.00
15-Nov-10 3789.00 3854.00 3906.00
30-Nov-10 3927.00 3923.00
15-Dec-10 3973.00 4020.00
31-Dec-10 4034.00
15-Jan-11 4147.00
31-Jan-11 4086.00
15-Feb-11 3859.00
28-Feb-11 4441.00
15-Mar-11 4569.00
31-Mar-11 4668.00

109
 SPOT & FUTURES PRICES OF CRUDE OIL AT MCX
`. PER 10 GRAMS
19-Jan- 21-Feb- 21-Mar- 18-Apr- 19-May- 20-Jun- 19-Jul- 19-Aug- 19-Sep-
Date Spot
11 11 11 11 11 11 11 11 11
31-Mar-10 3702.00
15-Apr-10 3830.00
30-Apr-10 3796.00
15-May-10 3230.00
31-May-10 3443.00
15-Jun-10 3498.00
30-Jun-10 3533.00
15-Jul-10 3592.00
31-Jul-10 3668.00 3798.00
14-Aug-10 3512.00 3730.00
31-Aug-10 3499.00 3695.00 3735.00
15-Sep-10 3561.00 3759.00 3792.00
30-Sep-10 3497.00 3743.00 3781.00 3818.00
15-Oct-10 3653.00 3754.00 3798.00 3850.00
30-Oct-10 3627.00 3737.00 3781.00 3814.00 3853.00
15-Nov-10 3789.00 3950.00 3995.00 4025.00 4056.00
30-Nov-10 3927.00 3970.00 4008.00 4056.00 4085.00 4134.00
15-Dec-10 3973.00 4074.00 4124.00 4168.00 4171.00 4224.00
31-Dec-10 4034.00 4088.00 4146.00 4198.00 4217.00 4277.00 4312.00
15-Jan-11 4147.00 4163.00 4230.00 4293.00 4357.00 4395.00 4477.00
31-Jan-11 4086.00 4229.00 4345.00 4432.00 4447.00 4569.00 4592.00
15-Feb-11 3859.00 3831.00 4009.00 4178.00 4308.00 4419.00 4484.00
28-Feb-11 4441.00 4444.00 4536.00 4588.00 4636.00 4674.00 4715.00
15-Mar-11 4569.00 4465.00 4532.00 4588.00 4636.00 4672.00 4727.00
31-Mar-11 4668.00 4744.00 4794.00 4840.00 4892.00 4942.00 4991.00

110
 SPOT & FUTURES PRICES OF COPPER AT MCX
`. PER KG
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date SPOT
30-Apr-10 30-Jun-10 31-Aug-10 30-Nov-10 28-Feb-11 29-Apr-11 30-Jun-11 30-Aug-11
31-Mar-10 353.05 351.35 352.45 354.00
15-Apr-10 355.15 352.30 354.40 355.90
30-Apr-10 327.55 327.00 330.90 332.70
15-May-10 311.60 312.80 315.15 317.45
31-May-10 318.55 319.30 321.75 323.10
15-Jun-10 307.20 308.65 312.00 314.65
30-Jun-10 299.00 301.65 305.80 308.90
15-Jul-10 309.30 311.65 314.70
31-Jul-10 339.20 338.35 340.65
14-Aug-10 333.95 335.05 338.05 340.55
31-Aug-10 352.45 348.85 349.25 351.15
15-Sep-10 354.60 354.45 356.55
30-Sep-10 362.60 362.15 364.00
15-Oct-10 371.65 374.80 376.60
30-Oct-10 366.60 369.10 373.20
15-Nov-10 383.20 391.80 395.65 398.05
30-Nov-10 379.55 388.05 388.85 391.00
15-Dec-10 417.65 416.00 418.10
31-Dec-10 431.85 439.50 442.35
15-Jan-11 440.60 446.60 449.05 450.35
31-Jan-11 440.95 451.90 454.80 456.15
15-Feb-11 464.30 455.70 459.90 462.40
28-Feb-11 443.70 446.05 451.30 454.10
15-Mar-11 416.70 417.00 421.45 424.20
31-Mar-11 421.85 425.30 431.05 435.70

111
 SPOT & FUTURES PRICES OF NICKEL AT MCX
`. PER KG
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date SPOT 31-Mar- 30-Apr- 28-May- 30-Jun- 30-Jul- 31-Aug- 30-Sep- 29-Oct- 30-Nov- 31-Dec- 31-Jan- 28-Feb- 31-Mar- 28-Apr- 31-May-
10 10 10 10 10 10 10 10 10 10 11 11 11 11 11
31-Mar-10 1125.70 1125.20 1121.20 1122.20
15-Apr-10 1184.40 1204.20 1207.20 1208.90
30-Apr-10 1146.90 1146.90 1171.50 1172.60
15-May-10 1000.10 972.60 977.60 982.50
31-May-10 1003.10 988.70 992.90 999.00
15-Jun-10 939.40 943.40 947.60 949.30
30-Jun-10 905.30 905.30 920.20 925.90
15-Jul-10 902.70 906.60 913.30 916.60
31-Jul-10 955.10 978.80 985.20 982.20
14-Aug-10 1000.20 999.00 1006.30 1012.20
31-Aug-10 974.90 974.90 980.50 988.50
15-Sep-10 1074.70 1077.70 1083.60 1088.10
30-Sep-10 1050.60 1050.60 1055.40 1062.70
15-Oct-10 1067.20 1063.90 1072.60 1080.10
30-Oct-10 1010.50 1037.00 1047.00
15-Nov-10 1016.20 1019.00 1028.60 1037.20
30-Nov-10 1040.20 1040.20 1054.20 1064.30
15-Dec-10 1100.30 1112.90 1121.60 1130.50
31-Dec-10 1118.00 1118.00 1117.50 1128.10
15-Jan-11 1153.50 1186.10 1192.80 1197.60
31-Jan-11 1244.00 1244.00 1254.60 1259.30
15-Feb-11 1313.40 1305.50 1309.90 1316.80
28-Feb-11 1302.80 1302.80 1312.70 1318.30
15-Mar-11 1135.30 1126.60 1135.10 1143.20
31-Mar-11 1164.40 1164.40 1177.50 1185.70

112
 SPOT & FUTURES PRICES OF ZINC AT MCX
`. PER KG
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date SPOT 31-Mar- 30-Apr- 28-May- 30-Jun- 30-Jul- 31-Aug- 30-Sep- 29-Oct- 30-Nov- 31-Dec- 31-Jan- 28-Feb- 31-Mar- 28-Apr- 31-May-
10 10 10 10 10 10 10 10 10 10 11 11 11 11 11
31-Mar-10 106.50 106.45 105.90 106.50
15-Apr-10 106.20 109.90 110.45 110.90
30-Apr-10 100.25 100.25 101.85 102.55
15-May-10 92.50 91.20 92.10 92.80
31-May-10 88.20 89.20 90.25 91.00
15-Jun-10 82.80 84.50 85.60 86.30
30-Jun-10 80.55 80.55 83.00 84.20
15-Jul-10 85.20 84.50 85.75 86.30
31-Jul-10 91.70 92.95 93.90 94.30
14-Aug-10 94.65 95.20 96.25 97.20
31-Aug-10 96.35 96.35 97.35 98.35
15-Sep-10 98.25 98.50 99.65 100.70
30-Sep-10 97.75 97.75 98.65 99.75
15-Oct-10 104.80 105.75 106.80 107.80
30-Oct-10 106.55 108.70 109.75 110.30
15-Nov-10 104.05 105.45 106.75 107.40
30-Nov-10 96.50 96.50 97.75 98.90
15-Dec-10 102.35 102.60 103.80 105.15
31-Dec-10 109.00 109.00 109.80 111.00
15-Jan-11 110.10 111.85 112.95 113.90
31-Jan-11 107.25 107.25 110.70 111.75
15-Feb-11 113.40 112.40 113.45 115.75
28-Feb-11 111.90 111.90 113.70 114.75
15-Mar-11 101.15 103.45 104.70 105.70
31-Mar-11 103.50 103.50 105.50 106.75

113
 SPOT & FUTURES PRICES OF LEAD AT MCX
`. PER KG
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date SPOT 31-Mar- 30-Apr- 28-May- 30-Jun- 30-Jul- 31-Aug- 30-Sep- 29-Oct- 30-Nov- 31-Dec- 31-Jan- 28-Feb- 31-Mar- 28-Apr- 31-May-
10 10 10 10 10 10 10 10 10 10 11 11 11 11 11
31-Mar-10 95.70 95.75 96.90 97.95
15-Apr-10 101.60 103.25 104.40 104.95
30-Apr-10 96.70 96.70 98.90 99.85
15-May-10 88.05 86.35 87.40 88.55
31-May-10 84.75 85.60 86.70 87.75
15-Jun-10 78.60 80.90 81.95 82.80
30-Jun-10 78.75 78.75 81.40 82.50
15-Jul-10 84.15 83.75 84.90 86.95
31-Jul-10 95.80 95.45 96.40 96.50
14-Aug-10 96.20 96.15 97.15 98.50
31-Aug-10 94.65 94.65 96.65 97.65
15-Sep-10 101.85 102.00 102.90 103.85
30-Sep-10 101.60 101.60 101.90 102.85
15-Oct-10 104.60 105.80 106.70 107.45
30-Oct-10 108.50 109.90 110.85 111.60
15-Nov-10 109.15 110.55 111.30 112.10
30-Nov-10 101.75 101.75 102.85 103.85
15-Dec-10 108.40 109.25 110.30 110.65
31-Dec-10 115.90 115.90 115.25 116.00
15-Jan-11 120.10 122.80 122.60 122.80
31-Jan-11 118.35 118.35 115.90 115.70
15-Feb-11 120.60 118.90 118.90 120.10
28-Feb-11 114.50 114.50 116.05 116.70
15-Mar-11 112.70 114.20 114.40 113.90
31-Mar-11 121.45 121.45 121.95 121.60

114
 SPOT & FUTURES PRICES OF SOY OIL AT NCDEX
`. PER 10KG.
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date Spot 20-Apr- 18-Jun- 20-Jul- 20-Aug- 20-Sep- 20-Oct- 19-Nov-
20-May-10
10 10 10 10 10 10 10
31-Mar-10 450.60 449.95 449.60 450.60
15-Apr-10 445.55 449.30 450.35 450.75 451.50
30-Apr-10 447.20 451.50 453.00 454.00
15-May-10 445.45 442.65 443.60 445.60 447.35
31-May-10 450.25 450.15 452.05 453.55
15-Jun-10 437.70 440.15 442.95 444.05 444.55
30-Jun-10 440.30 444.85 447.30 447.90
15-Jul-10 455.55 457.60 465.10 468.90 469.70
31-Jul-10 483.30 490.85 494.20 494.05
14-Aug-10 514.80 517.40 519.15 518.05 514.40
31-Aug-10 486.15 486.00 484.65 481.45
15-Sep-10 471.65 471.60 478.05 479.10
30-Sep-10 482.60 488.85 495.75
15-Oct-10 515.65 514.10 523.60
30-Oct-10 521.40 530.85
15-Nov-10 561.75 565.95
30-Nov-10 561.05
15-Dec-10 578.70
31-Dec-10 624.85
15-Jan-11 631.45
31-Jan-11 642.15
15-Feb-11 630.00
28-Feb-11 631.50
15-Mar-11 601.75
31-Mar-11 591.20

115
 SPOT & FUTURES PRICES OF SOY OIL AT NCDEX
`. PER 10 KG.
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date Spot 20-Dec- 20-Jan- 18-Feb- 18-Mar- 20-Apr- 20-May- 20-Jun- 20-Jul- 19-Aug-
10 11 11 11 11 11 11 11 11

31-Mar-10 450.60
15-Apr-10 445.55
30-Apr-10 447.20
15-May-10 445.45
31-May-10 450.25
15-Jun-10 437.70
30-Jun-10 440.30
15-Jul-10 455.55
31-Jul-10 483.30
14-Aug-10 514.80
31-Aug-10 486.15
15-Sep-10 471.65 481.50
30-Sep-10 482.60 501.00
15-Oct-10 515.65 530.45 536.50
30-Oct-10 521.40 542.15 549.05
15-Nov-10 561.75 578.85 587.10 594.60
30-Nov-10 561.05 568.75 581.25 588.70
15-Dec-10 578.70 581.75 600.75 613.35 619.80 626.25 629.70
31-Dec-10 624.85 632.55 643.65 649.35 654.75 658.60
15-Jan-11 631.45 632.65 644.65 652.55 659.70 663.85 663.70
31-Jan-11 642.15 658.60 670.30 676.90 680.55 683.50
15-Feb-11 630.00 633.60 655.70 667.05 673.35 677.75 683.50
28-Feb-11 631.50 628.40 636.55 642.45 645.30 644.50
15-Mar-11 601.75 604.00 606.75 612.40 617.50 621.85 629.00
31-Mar-11 591.20 599.65 609.15 617.45 624.55 630.00

116
 SPOT & FUTURES PRICES OF GUAR SEED AT NCDEX
`. PER 10 KG.
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date SPOT 20-Apr- 20-May- 18-Jun- 20-Jul- 20-Aug- 20-Sep- 20-Oct- 19-Nov-
10 10 10 10 10 10 10 10
31-Mar-10 2302.45 2301.00 2327.00 2352.00 2366.00 2410.00 2426.00
15-Apr-10 2319.50 2300.00 2323.00 2345.00 2366.00 2400.00 2429.00 2459.00
30-Apr-10 2416.15 2436.00 2450.00 2466.00 2492.00 2505.00 2530.00
15-May-10 2321.40 2318.00 2337.00 2351.00 2363.00 2391.00 2359.00 2429.00
31-May-10 2322.70 2280.00 2295.00 2307.00 2359.00 2331.00 2356.00
15-Jun-10 2202.95 2242.00 2264.00 2285.00 2294.00 2304.00 2305.00
30-Jun-10 2302.80 2352.00 2369.00 2384.00 2402.00 2382.00
15-Jul-10 2451.00 2484.00 2517.00 2544.00 2563.00 2597.00
31-Jul-10 2267.70 2298.00 2317.00 2338.00 2383.00
14-Aug-10 2155.55 2176.00 2198.00 2215.00 2225.00
31-Aug-10 1983.10 2021.00 2037.00 2051.00
15-Sep-10 1949.80 1945.00 1965.00 1979.00
30-Sep-10 2012.10 2064.00 1983.00
15-Oct-10 2027.10 2062.00 2098.00
30-Oct-10 2063.75 2122.00
15-Nov-10 2321.40 2380.00
30-Nov-10 2372.90
15-Dec-10 2344.30
31-Dec-10 2321.40
15-Jan-11 2558.25
31-Jan-11 2761.50
15-Feb-11 2700.40
28-Feb-11 2894.60
15-Mar-11 2769.55
31-Mar-11 2833.05

117
 SPOT & FUTURES PRICES OF GUAR SEED AT NCDEX
`. PER 10 KG.
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date SPOT 19-Aug- 20-Sep-
20-Dec- 20-Jan- 18-Feb- 18-Mar- 20-Apr- 20-May- 20-Jul-
20-Jun-11 11 11
10 11 11 11 11 11 11
31-Mar-10 2302.45
15-Apr-10 2319.50
30-Apr-10 2416.15
15-May-10 2321.40
31-May-10 2322.70
15-Jun-10 2202.95 2334.00
30-Jun-10 2302.80 2431.00
15-Jul-10 2451.00 2626.00
31-Jul-10 2267.70 2360.00
14-Aug-10 2155.55 2238.00 2220.00 2261.00
31-Aug-10 1983.10 2056.00 2076.00 2081.00
15-Sep-10 1949.80 2009.00 2022.00 2030.00 2035.00
30-Sep-10 2012.10 1969.00 1991.00 2002.00 2025.00
15-Oct-10 2027.10 2126.00 2155.00 2169.00 2196.00 2246.00
30-Oct-10 2063.75 2155.00 2185.00 2195.00 2215.00 2230.00
15-Nov-10 2321.40 2423.00 2459.00 2500.00 2510.00 2520.00 2550.00
30-Nov-10 2372.90 2415.00 2454.00 2487.00 2520.00 2545.00 2563.00
15-Dec-10 2344.30 2465.00 2518.00 2558.00 2554.00 2540.00 2664.00 2645.00
31-Dec-10 2321.40 2412.00 2453.00 2493.00 2532.00 2575.00 2611.00
15-Jan-11 2558.25 2605.00 2665.00 2716.00 2760.00 2818.00 2797.00 2825.00
31-Jan-11 2761.50 2843.00 2903.00 2951.00 2991.00 3040.00 3095.00
15-Feb-11 2700.40 2733.00 2802.00 2860.00 2895.00 2925.00 2988.00 3022.00
28-Feb-11 2894.60 2953.00 3018.00 3071.00 3109.00 3140.00 3283.00
15-Mar-11 2769.55 2721.00 2761.00 2809.00 2868.00 2910.00 2958.00 3017.00
31-Mar-11 2833.05 2781.00 2817.00 2852.00 2916.00 2905.00 2934.00

118
 SPOT & FUTURES PRICES OF CRUDE OIL AT NCDEX
`. PER 10 KG.
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date SPOT 19-Apr- 19-May- 21-Jun- 19-Aug- 20-Sep- 19-Oct- 18-Nov-
19-Jul-10
10 10 10 10 10 10 10

31-Mar-10 3748.25 3731.00 3743.00 3825.00

15-Apr-10 3808.50 3807.00 3854.00 3870.00
30-Apr-10 3828.71 3805.00 3909.00 3931.00
15-May-10 3242.53 3264.00 3446.00 3744.00
31-May-10 3456.13 3468.00 3543.00 3459.00
15-Jun-10 3556.84 3537.00 3569.00 3679.00
30-Jun-10 3517.19 3557.00 3570.00 3645.00
15-Jul-10 3565.03 3557.00 3596.00 3647.00
31-Jul-10 3662.49 3652.00 3656.00 3699.00
14-Aug-10 3525.22 3541.00 3607.00 3680.00
31-Aug-10 3412.82 3490.00 3550.00 3650.00
15-Sep-10 3518.72 3513.00 3584.00 3675.00
30-Sep-10 3560.25 3594.00 3637.00
15-Oct-10 3580.86 3595.00 3673.00
30-Oct-10 3608.01 3635.00
15-Nov-10 3844.97 3853.00
30-Nov-10 3914.60
15-Dec-10 4010.73
31-Dec-10 4089.19
15-Jan-11 4154.53
31-Jan-11 4214.07
15-Feb-11 3816.54
28-Feb-11 4437.81
15-Mar-11 4407.54
31-Mar-11 4739.94

119
 SPOT & FUTURES PRICES OF CRUDE OIL AT NCDEX
`. PER 10 KG.
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date SPOT 17-Dec- 19-Jan- 18-Feb- 21-Mar- 18-Apr- 19-May- 20-Jun-
10 11 11 11 11 11 11
31-Mar-10 3748.25
15-Apr-10 3808.50
30-Apr-10 3828.71
15-May-
3242.53
10
31-May-
3456.13
10
15-Jun-10 3556.84
30-Jun-10 3517.19
15-Jul-10 3565.03
31-Jul-10 3662.49
14-Aug-10 3525.22
31-Aug-10 3412.82
15-Sep-10 3518.72
30-Sep-10 3560.25 3601.00
15-Oct-10 3580.86 3762.00
30-Oct-10 3608.01 3692.00 3735.00
15-Nov-10 3844.97 3904.00 3931.00
30-Nov-10 3914.60 3924.00 3987.00 4019.00
15-Dec-10 4010.73 4019.00 4076.00 4130.00
31-Dec-10 4089.19 4035.00 4105.00 4200.00
15-Jan-11 4154.53 4163.00 4230.00 4283.00
31-Jan-11 4214.07 4230.00 4338.00 4324.00
15-Feb-11 3816.54 3831.00 4018.00 4357.00
28-Feb-11 4437.81 4446.00 4600.00 4607.00
15-Mar-11 4407.54 4464.00 4565.00 4689.00
31-Mar-11 4739.94 4744.00 4753.00 4787.00

120
 SPOT & FUTURES PRICES OF CHANA AT NCDEX
`. PER 10 KG.
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date SPOT 20-Apr- 20-May- 18-Jun- 20-Jul- 20-Aug- 20-Sep- 20-Oct- 19-Nov- 20-Dec-
10 10 10 10 10 10 10 10 10
31-Mar-10 2259.55 2289.00 2377.00 2456.00 2517.00 2562.00
15-Apr-10 2225.00 2185.00 2278.00 2359.00 2418.00 2471.00 2551.00
30-Apr-10 2139.45 2156.00 2251.00 2312.00 2373.00 2431.00
15-May-10 2134.70 2110.00 2179.00 2234.00 2300.00 2348.00 2397.00
31-May-10 2132.65 2205.00 2244.00 2285.00 2330.00 2379.00
15-Jun-10 2062.85 2113.00 2150.00 2193.00 2231.00 2285.00 2304.00
30-Jun-10 2200.00 2256.00 2315.00 2354.00 2423.00 2453.00
15-Jul-10 2183.35 2227.00 2309.00 2360.00 2440.00 2466.00 2499.00
31-Jul-10 2275.00 2299.00 2349.00 2425.00 2472.00 2517.00
14-Aug-10 2256.20 2242.00 2293.00 2367.00 2408.00 2437.00
31-Aug-10 2277.50 2236.00 2279.00 2311.00 2340.00
15-Sep-10 2210.30 2094.00 2175.00 2222.00 2259.00
30-Sep-10 2300.00 2289.00 2321.00 2341.00
15-Oct-10 2315.00 2312.00 2377.00 2416.00
30-Oct-10 2341.30 2402.00 2441.00
15-Nov-10 2372.10 2382.00 2435.00
30-Nov-10 2513.55 2545.00
15-Dec-10 2450.00 2497.00
31-Dec-10 2432.25
15-Jan-11 2544.45
31-Jan-11 2642.20
15-Feb-11 2590.85
28-Feb-11 2526.65
15-Mar-11 2500.00
31-Mar-11 2288.05

121
 SPOT & FUTURES PRICES OF CHANA AT NCDEX
`. PER 10 KG.
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date SPOT 19-Aug-
20-Jan- 18-Feb- 18-Mar- 20-Apr- 20-May- 20-Jun- 20-Jul-
11
11 11 11 11 11 11 11
31-Mar-10 2259.55
15-Apr-10 2225.00
30-Apr-10 2139.45
15-May-10 2134.70
31-May-10 2132.65
15-Jun-10 2062.85
30-Jun-10 2200.00
15-Jul-10 2183.35
31-Jul-10 2275.00
14-Aug-10 2256.20 2465.00
31-Aug-10 2277.50 2361.00
15-Sep-10 2210.30 2289.00 2300.00
30-Sep-10 2300.00 2364.00 2323.00
15-Oct-10 2315.00 2450.00 2411.00 2412.00
30-Oct-10 2341.30 2473.00 2434.00 2402.00
15-Nov-10 2372.10 2486.00 2460.00 2461.00 2471.00
30-Nov-10 2513.55 2603.00 2566.00 2503.00 2505.00
15-Dec-10 2450.00 2548.00 2557.00 2489.00 2498.00 2522.00
31-Dec-10 2432.25 2557.00 2554.00 2489.00 2497.00 2534.00
15-Jan-11 2544.45 2606.00 2639.00 2629.00 2659.00 2697.00 2736.00
31-Jan-11 2642.20 2617.00 2660.00 2716.00 2769.00 2817.00
15-Feb-11 2590.85 2558.00 2637.00 2738.00 2812.00 2870.00 2904.00
28-Feb-11 2526.65 2467.00 2585.00 2657.00 2729.00 2787.00
15-Mar-11 2500.00 2418.00 2507.00 2559.00 2614.00 2668.00 2723.00
31-Mar-11 2288.05 2386.00 2430.00 2473.00 2536.00 2594.00

122
 SPOT & FUTURES PRICES OF SOYBEAN AT NCDEX
`. PER 10 KG.
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date SPOT 20-Apr- 20-May- 18-Jun- 20-Jul- 20-Aug- 20-Sep- 20-Oct- 19-Nov- 20-Dec-
10 10 10 10 10 10 10 10 10
31-Mar-10 2029.00 2038.00 1993.00 1951.00 1917.50 1907.00
15-Apr-10 1975.00 2047.00 1995.00 1947.50 1906.00 1890.00 1888.50
30-Apr-10 1998.00 2041.00 1997.00 1946.50 1936.50 1920.00
15-May-10 1948.00 2004.00 1963.00 1916.00 1888.50 1866.50 1839.50
31-May-10 1988.00 2009.50 1976.50 1965.50 1951.50 1931.50
15-Jun-10 1893.00 1951.50 1911.50 1907.00 1885.00 1879.50 1862.50
30-Jun-10 1890.00 1922.00 1929.00 1921.00 1903.50 1900.50
15-Jul-10 1911.00 1935.50 1974.00 1986.00 1981.50 1981.00 1992.50
31-Jul-10 2040.00 2066.00 2081.50 2056.50 2049.00 2065.00
14-Aug-10 2123.00 2150.00 2167.00 2145.00 2141.50 2159.00
31-Aug-10 2005.00 2031.50 2032.50 2034.00 2046.50
15-Sep-10 1972.00 1974.00 1995.00 2006.50 2038.50
30-Sep-10 1985.00 2018.50 2042.50 2075.00
15-Oct-10 2186.00 2183.50 2230.00 2264.00
30-Oct-10 2155.00 2209.00 2251.00
15-Nov-10 2221.00 2256.50 2317.00
30-Nov-10 2187.00 2231.00
15-Dec-10 2191.00 2194.50
31-Dec-10 2318.00
15-Jan-11 2363.00
31-Jan-11 2437.00
15-Feb-11 2400.00
28-Feb-11 2397.00
15-Mar-11 2274.00
31-Mar-11 2308.00

123
 SPOT & FUTURES PRICES OF SOYBEAN AT NCDEX
`. PER 10 KG.
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date SPOT 19-Aug-
20-Jan- 18-Feb- 18-Mar- 20-Apr- 20-May- 20-Jun- 20-Jul-
11
11 11 11 11 11 11 11
31-Mar-10 2029.00
15-Apr-10 1975.00
30-Apr-10 1998.00
15-May-
1948.00
10
31-May-
1988.00
10
15-Jun-10 1893.00
30-Jun-10 1890.00
15-Jul-10 1911.00
31-Jul-10 2040.00
14-Aug-10 2123.00 2178.00
31-Aug-10 2005.00 2061.00
15-Sep-10 1972.00 2063.50 2083.50
30-Sep-10 1985.00 2103.00 2118.00
15-Oct-10 2186.00 2292.00 2318.00 2320.00
30-Oct-10 2155.00 2292.00 2330.00 2351.50
15-Nov-10 2221.00 2347.50 2370.50 2404.50 2421.00
30-Nov-10 2187.00 2276.50 2319.00 2344.00 2377.50
15-Dec-10 2191.00 2262.50 2321.00 2350.50 2376.00 2410.00
31-Dec-10 2318.00 2374.50 2441.50 2468.50 2492.00 2513.00
15-Jan-11 2363.00 2378.50 2493.00 2557.00 2596.00 2628.50 2650.00
31-Jan-11 2437.00 2474.50 2518.50 2559.50 2587.50 2612.00
15-Feb-11 2400.00 2425.50 2471.00 2508.50 2535.00 2565.50 2575.00
28-Feb-11 2397.00 2408.00 2443.00 2469.50 2491.50 2526.00
15-Mar-11 2274.00 2278.00 2315.00 2345.50 2362.00 2382.50 2401.00
31-Mar-11 2308.00 2338.50 2379.50 2411.00 2441.00 2461.00

124
 SPOT & FUTURES PRICES OF R/M SEED AT NCDEX
`. PER 100 KG
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date SPOT 20-Apr- 20-May- 18-Jun- 20-Jul- 20-Aug- 20-Sep- 20-Oct- 19-Nov- 20-Dec- 20-Jan-
10 10 10 10 10 10 10 10 10 11
31-Mar-10 2524.75 2526.75 2522.00 2548.75 2566.25
15-Apr-10 2516.50 2510.75 2538.00 2570.75 2598.00 2627.75
30-Apr-10 2457.00 2511.25 2542.75 2577.00 2606.50
15-May-10 2464.50 2487.50 2514.50 2543.50 2566.75 2600.75
31-May-10 2591.50 2640.75 2673.75 2706.25 2724.50
15-Jun-10 2570.00 2599.75 2634.25 2663.25 2695.00 2720.00
30-Jun-10 2594.25 2620.50 2651.50 2677.25 2703.00
15-Jul-10 2611.25 2628.00 2663.75 2696.50 2726.25 2757.50
31-Jul-10 2743.50 2794.75 2831.25 2858.75 2885.75
14-Aug-10 2836.75 2837.25 2874.50 2898.00 2915.75 2928.50
31-Aug-10 2685.50 2671.75 2700.25 2726.75 2752.75
15-Sep-10 2678.25 2618.00 2670.75 2709.00 2740.50 2769.25
30-Sep-10 2724.50 2725.25 2760.25 2784.75 2806.50
15-Oct-10 2757.00 2734.25 2776.00 2807.00 2833.50
30-Oct-10 2771.50 2807.50 2841.00 2865.75
15-Nov-10 2865.50 2855.50 2911.50 2948.00
30-Nov-10 2874.00 2828.25 2866.25
15-Dec-10 2843.25 2791.75 2852.50
31-Dec-10 2901.75 2846.50
15-Jan-11 2833.25 2743.75
20-Jan-11 2890.25 2770.00

125
 SPOT & FUTURES PRICES OF R/M SEED AT NCDEX
`. PER 100 KG
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING
Date SPOT ON
20-Apr-11 20-May-11 20-Jun-11 20-Jul-11
10-Nov-10 2878.75 2738.00 2774.00
15-Nov-10 2865.50 2766.00 2801.00
30-Nov-10 2874.00 2765.00 2790.00
15-Dec-10 2843.25 2879.00 2913.00 2933.00
31-Dec-10 2901.75 2935.00 2972.00 3002.00
15-Jan-11 2833.25 2861.00 2896.00 2930.00 2960.00
31-Jan-11 2851.50 2949.00 2993.00 3031.00 3059.00
15-Feb-11 2865.60 3015.00 3060.00 3097.00 3159.00
28-Feb-11 2852.15 2874.00 2914.00 2959.00 3007.00
15-Mar-11 2674.65 2702.00 2739.00 2782.00 2819.00
31-Mar-11 2568.50 2686.00 2739.00 2783.00 2825.00

126
 SPOT & FUTURES PRICES OF PEPPER AT NCDEX
`. PER 100 KG
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date SPOT 20-Apr- 20-May- 18-Jun- 20-Aug- 20-Sep- 20-Oct- 19-Nov- 20-Dec- 20-Jan-
20-Jul-10
10 10 10 10 10 10 10 10 11
31-Mar-10 14800.45 15022.00 15302.00 15505.00 15730.00 15880.00 16250.00
15-Apr-10 15225.95 15071.00 15415.00 15677.00 15903.00 16150.00 16299.00 16599.00
30-Apr-10 16125.15 16706.00 17010.00 17253.00 17237.00 17369.00 17619.00
15-May-10 16364.70 16496.00 16924.00 17184.00 17417.00 17750.00 17919.00 17935.00
31-May-10 16397.05 16505.00 16765.00 16976.00 17260.00 17321.00 17450.00
15-Jun-10 15955.55 15909.00 16168.00 16409.00 16638.00 16845.00 17000.00 17260.00
30-Jun-10 17723.70 17899.00 18079.00 18274.00 18478.00 18492.00 18662.00
15-Jul-10 19538.90 19463.00 19728.00 19986.00 20205.00 20582.00 20624.00
31-Jul-10 20288.85 19694.00 19922.00 20134.00 20346.00 20565.00
14-Aug-10 19135.30 18964.00 19173.00 19398.00 19660.00 19799.00 19970.00
31-Aug-10 20169.35 19896.00 20096.00 20317.00 20650.00 20630.00
15-Sep-10 19839.35 19834.00 20084.00 20304.00 20465.00 20636.00
30-Sep-10 19217.85 18881.00 19069.00 19272.00 19540.00
15-Oct-10 18720.00 18430.00 18726.00 18988.00 19245.00
30-Oct-10 20734.35 21118.00 21348.00 21451.00
15-Nov-10 21242.85 21136.00 21635.00 21892.00
30-Nov-10 21800.00 21828.00 22058.00
15-Dec-10 21558.80 21567.00 21923.00
31-Dec-10 22042.85 22497.00
15-Jan-11 22262.50 22561.00
31-Jan-11 22112.50
15-Feb-11 23847.05
28-Feb-11 22667.30
15-Mar-11 22275.00
31-Mar-11 24142.85

127
 SPOT & FUTURES PRICES OF PEPPER AT NCDEX
`. PER 100 KG
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date SPOT 18-Feb- 18-Mar- 20-Apr- 20-May- 20-Jun- 19-Aug- 20-Sep-
20-Jul-11
11 11 11 11 11 11 11
31-Mar-10 14800.45
15-Apr-10 15225.95
30-Apr-10 16125.15
15-May-10 16364.70
31-May-10 16397.05
15-Jun-10 15955.55
30-Jun-10 17723.70
15-Jul-10 19538.90
31-Jul-10 20288.85
14-Aug-10 19135.30 20176.00
31-Aug-10 20169.35 21055.00
15-Sep-10 19839.35 20839.00 20950.00
30-Sep-10 19217.85 19526.00 19775.00
15-Oct-10 18720.00 19500.00 19500.00 19713.00
30-Oct-10 20734.35 21650.00 21814.00 21941.00
15-Nov-10 21242.85 21987.00 22204.00 22500.00 22700.00
30-Nov-10 21800.00 22283.00 22720.00 22857.00 22800.00
15-Dec-10 21558.80 22152.00 22469.00 22638.00 22751.00 23279.00
31-Dec-10 22042.85 22782.00 23042.00 23285.00 23548.00 23700.00
15-Jan-11 22262.50 22991.00 23307.00 23619.00 23911.00 24239.00 24009.00
31-Jan-11 22112.50 22400.00 22775.00 23003.00 23384.00 24190.00 23897.00
15-Feb-11 23847.05 25390.00 24278.00 24311.00 24417.00 24688.00 25200.00 25399.00
28-Feb-11 22667.30 22534.00 22759.00 22980.00 23255.00 23650.00 23975.00
15-Mar-11 22275.00 21906.00 22381.00 22688.00 23094.00 23366.00 23650.00 23828.00
31-Mar-11 24142.85 24594.00 24981.00 25281.00 25593.00 25700.00 26409.00

128
 SPOT & FUTURE PRICES OF RUBBER AT NMCE.,AHMEDABAD.
Price -` In 100 Kg
Future closing prices for contract expiring on
Date Spot Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11
31-Mar-10 15631 15704 16039 16064 15951
1-Apr-10 15725 15876 16237 16318 16118
15-Apr-10 16328 16328 17037 17371 17369
30-Apr-10 16200 15766 16015 15857 15641
15-May-10 15405 15405 15276 15265 14986
31-May-10 16967 16626 16549 15852 15559
15-Jun-10 17089 17089 16730 16217 15732
30-Jun-10 17950 18458 17664 16911 16447
15-Jul-10 18531 18531 17981 17073 16540
31-Jul-10 18500 18533 17030 16125 16095
14-Aug-10 18411 18411 17443 16654 16327
31-Aug-10 16600 16643 16324 16256 16353
15-Sep-10 16856 16856 16750 16724 16804
30-Sep-10 16867 17179 17376 17642 17896
15-Oct-10 18005 18005 18723 19045 19318
30-Oct-10 19033 19445 19739 19964 20183
15-Nov-10 20027 20027 20018 20218 20538
30-Nov-10 19700 19375 19671 19968 20285
15-Dec-10 19933 19933 20514 20835 21143
31-Dec-10 20633 21047 21560 21998 22684
15-Jan-11 22100 22100 22991 23560 24414
31-Jan-11 22350 21769 22235 23144 23925
15-Feb-11 23761 23761 24055 24949 25429
28-Feb-11 21967 22359 23265 23717 23943 23942
15-Mar-11 19105 19105 20570 21072 21658 21802
31-Mar-11 23100 23544 24238 24780 24850

129
 SPOT & FUTURE PRICES OF SACKING AT NMCE.,AHMEDABAD.
Price - ` In 100 Bags
Future closing prices for contract expiring on
Date Spot Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11
31-Mar-10 2972.60 3022.00 3083.00 3144.00 3200.00
1-Apr-10 2979.20 3037.00 3096.00 3157.00 3210.00
15-Apr-10 3137.00 3137.00 3186.00 3247.00 3310.00
30-Apr-10 3145.50 3182.00 3240.00 3302.70 3364.70
15-May-10 3148.00 3148.00 3249.00 3322.00 3383.00
31-May-10 3192.00 3217.00 3279.00 3340.00 3400.00
15-Jun-10 3165.00 3165.00 3219.00 3280.00 3342.00
30-Jun-10 3032.40 3077.00 3122.00 3172.00 3240.00
15-Jul-10 3055.00 3055.00 3123.00 3185.00 3246.00
31-Jul-10 3005.80 3050.00 3112.00 3175.00 3240.00
14-Aug-10 3148.00 3148.00 3225.00 3292.00 3350.00
31-Aug-10 3238.60 3264.00 3325.00 3386.00 3450.00
15-Sep-10 3205.00 3205.00 3270.00 3315.00 3385.00
30-Sep-10 3291.80 3303.00 3340.00 3370.00 3360.00
15-Oct-10 3307.00 3307.00 3340.00 3375.00 3384.00
30-Oct-10 3271.80 3290.00 3325.00 3365.00 3361.00
15-Nov-10 3364.00 3364.00 3425.00 3460.00 3468.00
30-Nov-10 3475.00 3492.00 3527.00 3565.00 3560.00
15-Dec-10 3543.00 3543.00 3564.00 3599.00 3594.00
31-Dec-10 3561.10 3579.00 3615.00 3649.00 3680.00
15-Jan-11 3610.00 3610.00 3652.00 3685.00 3714.00
31-Jan-11 3667.50 3685.00 3721.00 3758.00 3754.00
15-Feb-11 3715.00 3715.00 3765.00 3808.00 3842.00
28-Feb-11 3640.90 3653.00 3689.00 3735.00 3743.00
15-Mar-11 3525.00 3525.00 3556.00 3591.00 3626.00
31-Mar-11 3383.33 3353.30 3386.00 3419.00 3441.00

130
 SPOT & FUTURE PRICES OF COPPER AT NMCE,AHMEDABAD.
Price -` In 1 Kg
Future closing prices for contract expiring on
Date Spot Apr-10 Jun-10 Aug-10 Nov-10 Feb-11 Apr-11 Jun-11 Aug-11
31-Mar-10 353.05 350.80 352.00 354.00
1-Apr-10 353.65 353.50 355.00 357.00
15-Apr-10 355.15 351.75 353.85 355.00
30-Apr-10 329.50 329.50 330.00 331.85
15-May-10 311.60 312.90 315.40 318.00
31-May-10 318.55 319.20 321.55 323.50
15-Jun-10 307.20 307.40 311.30 313.00
30-Jun-10 309.70 309.70 305.55 308.80
15-Jul-10 309.30 312.30 315.35
31-Jul-10 339.20 338.60 340.85
14-Aug-10 333.95 335.35 338.35
31-Aug-10 349.10 349.10 352.90
15-Sep-10 354.60 354.20 356.30 359.20
30-Sep-10 360.50 362.40 364.10 365.40
15-Oct-10 371.65 373.70 375.70 377.50
30-Oct-10 366.60 369.85 373.50 374.50
15-Nov-10 387.80 390.75 394.40 394.95
30-Nov-10 382.00 382.00 390.15 392.50
15-Dec-10 412.50 417.85 419.80 421.25
31-Dec-10 436.40 439.25 441.90 444.30
15-Jan-11 440.60 441.95 440.00 442.00
31-Jan-11 446.40 450.45 452.95 454.95
15-Feb-11 459.30 463.00 464.00 470.25
28-Feb-11 443.10 434.00 451.20 453.90
15-Mar-11 406.30 420.85 422.80 426.10
31-Mar-11 419.70 424.90 430.60 435.00

131
 SPOT & FUTURE PRICES OF LEAD AT NMCE.,AHMEDABAD.
Price -` In 1 Kg
Future closing prices for contract expiring on
Date Spot Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11
31-Mar-10 96.30 96.30 96.65 97.70
1-Apr-10 98.50 98.55 99.50 99.95
15-Apr-10 101.60 103.05 104.20 105.00
30-Apr-10 98.40 98.40 99.35 100.30
15-May-10 88.05 86.35 87.45 89.15
31-May-10 84.80 84.80 85.45 86.60
15-Jun-10 78.60 80.70 81.70 82.60
30-Jun-10 82.80 82.80 81.30 82.25
15-Jul-10 84.15 83.85 85.00 86.00
31-Jul-10 95.00 93.25 95.50 96.40
14-Aug-10 96.20 96.20 97.15 98.00
31-Aug-10 94.40 94.40 96.95 98.25
15-Sep-10 101.85 101.30 102.25 103.10
30-Sep-10 101.50 101.50 102.10 103.10
15-Oct-10 104.60 105.70 106.60 107.10
30-Oct-10 109.70 109.70 109.80 110.85
15-Nov-10 109.15 110.40 111.30 112.00
30-Nov-10 103.00 103.00 103.20 104.10
15-Dec-10 108.40 109.00 110.00 110.50
31-Dec-10 114.90 114.90 115.20 115.90
15-Jan-11 120.10 122.65 122.55 122.80
31-Jan-11 116.30 116.30 115.15 115.50
15-Feb-11 120.60 119.00 119.20 119.50
28-Feb-11 114.20 115.25 115.50 116.50
15-Mar-11 112.70 113.70 114.60 114.40
31-Mar-11 120.40 120.40 121.70 121.60

132
 SPOT & FUTURE PRICES OF ALUMINIUM AT NMCE,AHMEDABAD.
Price - ` In 1 Kg
Future closing prices for contract expiring on
Date Spot Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11
31-Mar-10 101.80 101.80 103.75 104.60 105.30
1-Apr-10 105.15 104.70 105.50 106.00 106.60
15-Apr-10 107.55 108.75 109.40 110.00 110.50
30-Apr-10 96.40 96.40 99.00 100.30 101.00
15-May-10 93.85 93.60 94.50 95.05 95.50
31-May-10 94.80 94.85 94.45 95.25 96.25
15-Jun-10 91.80 92.50 93.30 94.00 95.00
30-Jun-10 91.40 91.40 91.75 92.80 93.20
15-Jul-10 93.05 93.80 94.75 95.60 96.40
31-Jul-10 98.20 98.80 99.65 100.70 101.50
14-Aug-10 99.80 98.40 99.40 100.30 101.30
31-Aug-10 94.40 94.40 96.90 98.00 98.70
15-Sep-10 98.20 98.80 100.00 100.50 101.60
30-Sep-10 102.30 102.30 104.80 105.75 106.50
15-Oct-10 104.25 104.75 105.90 105.80 105.70
30-Oct-10 102.60 102.60 105.50 106.65 107.00
15-Nov-10 106.10 106.95 108.25 108.05 108.45
30-Nov-10 103.00 103.00 104.90 106.05 107.00
15-Dec-10 104.50 105.35 106.55 107.30 107.90
31-Dec-10 110.10 110.10 111.10 111.95 112.20
15-Jan-11 111.10 110.60 113.35 114.80 115.30
31-Jan-11 112.80 112.80 114.35 115.00 115.20
15-Feb-11 112.80 112.90 114.90 115.30 115.90
28-Feb-11 114.40 114.90 116.80 117.50 118.00
15-Mar-11 112.00 113.30 114.20 114.70 115.30
31-Mar-11 115.90 115.90 117.50 118.35 119.00

133
 SPOT & FUTURE PRICES OF ISABGULSEED AT NMCE.,AHMEDABAD.
Price -` In 100 Kg
Future closing prices for contract expiring on
Date Spot Apr-10 Jun-10 Aug-10 Oct-10 Dec-10 Feb-11 Apr-11 Jun-11 Aug-11
31-Mar-10 4588.00 4601.00 4650.00 4700.00
1-Apr-10 4588.00 4614.00 4666.00 4710.00
15-Apr-10 4211.00 4211.00 4284.00 4340.00
30-Apr-10 4275.00 4321.00 4380.00 4435.00
15-May-10 4381.00 4345.00 4406.00 4471.00
31-May-10 4688.00 4717.00 4779.00 4840.00
15-Jun-10 4569.00 4569.00 4634.00 4695.00
30-Jun-10 4531.00 4596.00 4671.00 4766.00
15-Jul-10 4575.00 4648.00 4735.00 4820.00
31-Jul-10 4762.00 4829.00 4920.00 5006.00
14-Aug-10 4752.00 4752.00 4862.00 4950.00
31-Aug-10 4731.00 4779.00 4874.00 4971.00
15-Sep-10 4625.00 4784.00 4874.00 4790.00
30-Sep-10 4638.00 4671.00 4752.00 4845.00
15-Oct-10 4658.00 4658.00 4745.00 4835.00
30-Oct-10 4619.00 4675.00 4766.00 4851.00
15-Nov-10 4600.00 4652.00 4735.00 4865.00
30-Nov-10 4644.00 4667.00 4752.00 4840.00
15-Dec-10 4656.00 4656.00 4745.00 4835.00
31-Dec-10 4644.00 4715.00 4800.00 4890.00
15-Jan-11 4756.00 4757.00 4845.00 4935.00
31-Jan-11 4950.00 4974.00 5073.00 5168.00
15-Feb-11 5417.00 5150.00 5363.00 5643.00
28-Feb-11 5925.00 6014.00 6140.00 6260.00
15-Mar-11 5613.00 5670.00 5782.00 5894.00
31-Mar-11 5594.00 5619.00 5731.00 5843.00

134
 SPOT & FUTURE PRICES OF SOY OIL AT NMCE.,AHMEDABAD.
Price ` - In 10 Kg
Future closing prices for contract expiring on
Date Spot Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11
31-Mar-10 451.00 450.00 449.50 451.00 452.00
1-Apr-10 447.00 448.00 447.85 448.50 450.00
15-Apr-10 445.00 449.15 450.40 451.00 451.90 453.00
30-Apr-10 447.50 451.25 453.00 454.00 455.00
15-May-10 445.00 442.50 443.65 444.70 446.00 448.00
31-May-10 450.00 451.00 452.00 453.50 455.00
15-Jun-10 438.00 440.00 442.90 444.05 445.00 446.00
30-Jun-10 440.50 444.80 447.95 449.50 454.00
15-Jul-10 454.50 457.90 465.00 468.60 471.00 473.65
31-Jul-10 484.00 490.80 494.00 495.00 496.30
14-Aug-10 514.00 517.20 519.00 518.00 517.00 518.00
31-Aug-10 486.00 485.70 484.40 484.00 483.00
15-Sep-10 471.00 471.50 478.10 472.50 481.20 484.30
30-Sep-10 481.50 488.95 495.45 495.00 493.50
15-Oct-10 517.00 520.50 523.45 512.00 513.00 514.00
30-Oct-10 520.50 531.20 542.20 547.20 549.20
15-Nov-10 561.00 565.40 578.45 575.50 578.50 574.00
30-Nov-10 561.50 568.80 581.70 583.00 580.90
15-Dec-10 578.00 582.00 601.05 595.50 597.50 605.00
31-Dec-10 625.00 632.00 643.00 643.75 650.00
15-Jan-11 631.00 632.25 643.80 644.00 651.00 653.00
31-Jan-11 641.50 659.00 670.30 677.30 679.00
15-Feb-11 630.00 639.00 655.00 654.00 661.00 655.00
28-Feb-11 632.00 626.00 634.00 640.00 643.00
15-Mar-11 601.00 603.00 607.50 613.00 617.50 621.90
31-Mar-11 590.50 599.50 608.00 617.00 624.00

135
 SPOT & FUTURE PRICES OF NIKEL AT NMCE.,AHMEDABAD.
Price ` - In 1 Kg
Future closing prices for contract expiring on
Date Spot Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11
31-Mar-10 1097.40 1097.40 1116.30 1117.00 1118.00
1-Apr-10 1149.80 1126.10 1127.20 1130.00 1133.00
15-Apr-10 1184.40 1197.50 1200.40 1205.00 1208.00
30-Apr-10 1142.10 1142.10 1163.20 1163.70 1165.00
15-May-10 1000.10 972.00 977.00 982.00 986.00
31-May-10 1003.10 1003.40 985.20 989.30 993.00
15-Jun-10 939.40 940.70 947.00 951.30 955.90
30-Jun-10 923.70 923.70 919.90 925.00 926.00
15-Jul-10 902.70 906.80 913.20 919.00 924.00
31-Jul-10 953.50 953.50 977.40 985.90 991.00
14-Aug-10 1000.20 1000.50 1008.20 1015.00 1022.00
31-Aug-10 967.00 967.00 981.50 989.30 995.00
15-Sep-10 1074.70 1075.30 1081.20 1087.00 1089.00
30-Sep-10 1040.90 1040.90 1056.90 1063.40 1064.10
15-Oct-10 1067.20 1062.80 1071.40 1075.60 1079.00
30-Oct-10 1011.70 1011.70 1036.00 1048.00 1050.00
15-Nov-10 1016.20 1021.30 1030.60 1030.30 1034.30
30-Nov-10 1042.00 1042.00 1067.00 1076.20 1083.00
15-Dec-10 1100.40 1099.50 1108.70 1120.00 1118.00
31-Dec-10 1098.50 1098.50 1117.70 1127.20 1132.40
15-Jan-11 1153.50 1175.00 1180.00 1187.00 1192.00
31-Jan-11 1232.20 1232.20 1250.90 1255.70 1250.20
15-Feb-11 1313.50 1308.00 1313.50 1318.00 1324.00
28-Feb-11 1273.00 1273.00 1301.10 1316.00 1320.00
15-Mar-11 1136.30 1152.60 1167.30 1165.00 1168.00
31-Mar-11 1170.20 1170.20 1178.00 1186.00 1188.00

136
 SPOT & FUTURE PRICES OF ZINC AT NMCE.,AHMEDABAD.
Price -` In 1 Kg
Future closing prices for contract expiring on
Date Spot Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11
31-Mar-10 104.60 104.60 105.75 106.35
1-Apr-10 106.95 106.85 107.35 108.00
15-Apr-10 106.20 109.55 110.25 111.00
30-Apr-10 101.90 101.90 102.35 103.00
15-May-10 92.50 91.20 92.05 93.00
31-May-10 88.20 88.25 89.25 90.20
15-Jun-10 82.80 84.15 85.15 86.00
30-Jun-10 83.70 83.70 83.15 84.35
15-Jul-10 85.20 84.20 85.45 86.30
31-Jul-10 91.80 91.80 92.90 94.00
14-Aug-10 94.65 95.25 96.35 97.20
31-Aug-10 94.90 94.90 97.45 98.45
15-Sep-10 98.25 98.70 99.80 99.40
30-Sep-10 98.00 98.00 98.90 100.00
15-Oct-10 104.80 105.75 106.70 105.60
30-Oct-10 107.70 107.70 108.75 109.65
15-Nov-10 104.05 104.90 106.25 108.25
30-Nov-10 97.00 97.00 98.50 99.70
15-Dec-10 102.40 102.95 104.10 106.10
31-Dec-10 108.10 108.70 109.75 110.80
15-Jan-11 110.10 111.90 113.00 114.40
31-Jan-11 105.20 105.20 109.80 110.95
15-Feb-11 113.40 111.50 114.10 114.80
28-Feb-11 112.00 112.00 113.90 114.60
15-Mar-11 101.20 104.50 104.20 105.50
31-Mar-11 103.80 103.80 105.50 106.70

137
 SPOT & FUTURE PRICES OF RAPE/MUSTARD SEED AT NMCE.,AHMEDABAD.
Price - ` In 20 Kg
Future closing prices for contract expiring on
Date Spot Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11
31-Mar-10 460.00 462.00 463.00 468.00 470.00
1-Apr-10 461.00 465.00 465.00 469.00 473.00
15-Apr-10 453.00 453.00 465.00 471.00 477.00
30-Apr-10 441.00 450.00 457.00 463.00 470.00
15-May-10 446.00 450.00 457.00 462.00 468.00
31-May-10 450.00 462.00 468.00 474.00 480.00
15-Jun-10 447.00 447.00 462.00 468.00 473.00
30-Jun-10 448.00 452.00 457.00 464.00 473.00
15-Jul-10 459.00 459.00 467.00 473.00 479.00
31-Jul-10 475.00 485.00 492.00 498.00 504.00
14-Aug-10 478.00 478.00 483.00 489.00 494.00
31-Aug-10 456.00 456.00 462.00 468.00 474.00
15-Sep-10 463.00 463.00 467.00 472.00 476.90
30-Sep-10 450.00 451.00 455.00 461.20 464.00
15-Oct-10 458.00 458.00 459.00 463.00 466.00
30-Oct-10 465.00 467.00 472.00 477.00 481.00
15-Nov-10 483.00 483.00 489.00 498.00 502.00
30-Nov-10 491.00 486.00 491.00 496.00 497.00
15-Dec-10 499.00 499.00 503.00 505.00 510.00
31-Dec-10 505.00 494.00 500.00 504.00 507.00
15-Jan-11 493.00 493.00 472.80 479.00 482.00
31-Jan-11 512.00 489.00 491.00 494.00 492.00
15-Feb-11 537.00 537.00 512.00 514.00 515.00
28-Feb-11 513.00 514.00 506.00 511.00 516.00
15-Mar-11 484.00 512.00 493.00 492.00 496.00
31-Mar-11 481.00 489.00 490.00 494.00 498.00

138
 SPOT & FUTURES PRICES OF GOLD AT ICEX
`. PER 10 GRAMS
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date SPOT
1-Apr-10 1-Jun-10 2-Aug-10 1-Oct-10 1-Dec-10 1-Feb-11 1-Apr-11 1-Jun-11 1-Aug-11
31-Mar-10 16301.78 16294.00 16430.00 16538.00
15-Apr-10 16750.53 16840.00 16918.00 17010.00
30-Apr-10 17021.40 17126.00 17207.00 17290.00
15-May-10 18177.87 18152.00 18247.00 18342.00
31-May-10 18373.08 18390.00 18400.00 18464.00
15-Jun-10 18569.77 18676.00 18746.00 18778.00
30-Jun-10 18796.73 18859.00 18907.00 19000.00
15-Jul-10 18426.84 18410.00 18486.00 18563.00
31-Jul-10 17820.84 17769.00 17936.00 18023.00
14-Aug-10 18513.00 18567.00 18660.00 18725.00
31-Aug-10 18926.91 19143.00 19209.00 19337.00
15-Sep-10 19175.88 19140.00 19280.00 19323.00
30-Sep-10 19157.38 19200.00 19238.00 19343.00
15-Oct-10 19805.80 19825.00 20004.00 20146.00
30-Oct-10 19677.92 19796.00 19999.00 20151.00
15-Nov-10 20106.18 20214.00 20414.00 20599.00
30-Nov-10 20499.68 20461.00 20771.00 20967.00
15-Dec-10 20530.26 20644.00 20960.00 20967.00
31-Dec-10 20586.33 20727.00 20919.00 21071.00
15-Jan-11 20312.11 20265.00 20485.00 20671.00
31-Jan-11 19899.38 19986.00 20152.00 20320.00
15-Feb-11 20330.42 20491.00 20505.00 20923.00
28-Feb-11 20790.00 20921.00 21400.00 21550.00
15-Mar-11 20767.10 20614.00 21000.00 21244.00
31-Mar-11 20742.56 20730.00 21054.00 21373.00

139
 SPOT & FUTURES PRICES OF SILVER AT ICEX
`. PER KG
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date SPOT
3-May-10 1-Jul-10 1-Sep-10 1-Dec-10 1-Mar-11 2-May-11 1-Jul-11 1-Sep-11
31-Mar-10 26837.55 26956.00 27140.00 27342.00
15-Apr-10 27781.65 27870.00 28039.00 28243.00
30-Apr-10 28203.84 28301.00 28334.00 28416.00
15-May-10 29650.62 29652.00 29756.00 29813.00
31-May-10 29200.00 29299.00 29383.00 29482.00
15-Jun-10 29189.36 29396.00 29442.00 29548.00
30-Jun-10 29600.00 29601.00 29621.00 29703.00
15-Jul-10 29160.29 29171.00 29270.00 29354.00
31-Jul-10 28630.56 28628.00 28749.00 28860.00
14-Aug-10 29053.67 29029.00 29192.00 29268.00
31-Aug-10 30173.58 30279.00 30908.00 30953.00
15-Sep-10 32032.10 32138.00 32219.00 32280.00
30-Sep-10 33165.00 32984.00 33027.00 33183.00
15-Oct-10 36382.72 36112.00 36227.00 36341.00
30-Oct-10 37033.74 37055.00 37376.00 37516.00
15-Nov-10 39467.38 39564.00 39868.00 40142.00
30-Nov-10 41746.83 43281.00 43087.00 43319.00
15-Dec-10 44251.78 44479.00 44629.00 44747.00
31-Dec-10 46122.80 46221.00 46146.00 46591.00
15-Jan-11 44562.33 43847.00 44154.00 44304.00
31-Jan-11 42934.31 43542.00 43933.00 44030.00
15-Feb-11 46131.91 46442.00 47106.00 47316.00
28-Feb-11 49555.78 50042.00 51041.00 51550.00
15-Mar-11 52484.75 52191.00 52848.00 53479.00
31-Mar-11 55836.50 55941.00 56500.00 57260.00

140
 SPOT & FUTURES PRICES OF CRUDE OIL AT ICEX
`. PER Barrel
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date SPOT 19-Apr- 19- 21-Jun- 19-Jul- 19-Aug- 20-Sep- 20-Oct- 18-Nov- 17-Dec- 19-Jan- 21-Feb- 21-Mar- 18-Apr- 19- 20-Jun-
10 May-10 10 10 10 10 10 10 10 11 11 11 11 May-11 11
31-Mar-10 3750.23 3752.00 3750.00 3747.00
15-Apr-10 3793.16 3797.00 3851.00 3905.00
30-Apr-10 3797.40 3814.00 3810.00 3966.00
15-May-
3249.46 3264.00 3443.00 3558.00
10
31-May-
3459.13 3465.00 3524.00 3575.00
10
15-Jun-10 3544.00 3555.00 3614.00 3661.00
30-Jun-10 3565.83 3527.00 3605.00 3605.00
15-Jul-10 3605.52 3562.00 3600.00 3620.00
31-Jul-10 3699.88 3654.00 3684.00 3714.00
14-Aug-10 3520.05 3540.00 3579.00 3622.00
31-Aug-10 3466.50 3449.00 3527.00 3611.00
15-Sep-10 3511.14 3516.00 3583.00 3657.00
30-Sep-10 3498.37 3594.00 3649.00 3701.00
15-Oct-10 3628.95 3595.00 3701.00 3705.00
30-Oct-10 3627.78 3622.00 3688.00
15-Nov-10 3855.41 3858.00 3905.00 3948.00
30-Nov-10 3936.88 3923.00 3969.00 4006.00
15-Dec-10 3955.08 4018.00 4075.00 4125.00
31-Dec-10 4014.53 4092.00 4147.00 4199.00
15-Jan-11 4152.65 4163.00 4231.00 4295.00
31-Jan-11 4105.63 4231.00 4259.00 4433.00
15-Feb-11 3869.16 3826.00 4008.00 4177.00
28-Feb-11 4425.83 4448.00 4515.00 4589.00
15-Mar-11 4422.88 4450.00 4505.00 4589.00
31-Mar-11 4702.98 4746.00 4792.00 4802.00

141
 SPOT & FUTURES PRICES OF COPPER AT ICEX
`. PER KG
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date SPOT
30-Apr-10 30-Jun-10 31-Aug-10 30-Nov-10 28-Feb-11 29-Apr-11 30-Jun-11 31-Aug-11
31-Mar-10 353.33 351.35 352.55 354.05
15-Apr-10 352.82 352.15 354.00 355.85
30-Apr-10 328.02 327.00 331.30 333.75
15-May-10 309.22 312.85 315.25 317.50
31-May-10 317.86 319.30 321.70 323.00
15-Jun-10 308.04 308.65 312.00 314.75
30-Jun-10 302.40 301.65 305.95 308.80
15-Jul-10 308.98 311.45 315.85 317.00
31-Jul-10 338.37 338.05 340.60 342.00
14-Aug-10 334.16 334.85 338.00 340.45
31-Aug-10 347.76 348.85 349.10 351.20
15-Sep-10 351.82 354.55 356.50 358.10
30-Sep-10 359.98 361.85 363.95 365.00
15-Oct-10 369.74 374.80 376.50 378.05
30-Oct-10 367.74 368.20 373.10 375.00
15-Nov-10 386.97 392.30 396.00 398.00
30-Nov-10 383.52 388.10 389.00 390.90
15-Dec-10 415.29 415.90 418.15 420.05
31-Dec-10 430.37 439.40 442.40 444.55
15-Jan-11 441.87 446.55 449.10 450.45
31-Jan-11 444.72 452.00 451.50 456.20
15-Feb-11 460.22 455.20 464.30 462.30
28-Feb-11 442.15 445.85 451.10 454.15
15-Mar-11 406.70 417.75 425.00 424.30
31-Mar-11 421.21 425.10 431.15 435.75

142
 SPOT & FUTURES PRICES OF REF.SOY OIL AT ACE AHMEDABAD
`. PER 10 KG
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date SPOT
20-Dec-10 20-Jan-11 18-Feb-11 18-Mar-11 20-Apr-11 20-May-11 20-Jun-11 20-Jul-11
27-Oct-10 524.00 543.70 549.80
30-Oct-10 522.00 542.15 549.05
15-Nov-10 562.00 578.80 587.05 595.30
30-Nov-10 560.40 568.75 581.55 588.70
15-Dec-10 578.25 578.60 600.80 613.00 625.20
31-Dec-10 625.05 632.45 643.20 649.10
15-Jan-11 631.45 633.15 644.50 652.60 659.05
31-Jan-11 641.90 658.50 670.35 674.05
15-Feb-11 630.00 633.55 655.50 666.60 674.25
28-Feb-11 630.20 628.65 636.55 642.45 647.55
15-Mar-11 601.25 602.85 606.05 612.00 618.60 623.65
31-Mar-11 591.45 599.80 609.25 617.45 625.00

143
 SPOT & FUTURES PRICES OF SOY BEAN AT ACE AHMEDABAD
`. PER KG
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date SPOT
20-Dec-10 20-Jan-11 18-Feb-11 18-Mar-11 20-Apr-11 20-May-11 20-Jun-11 20-Jul-11
27-Oct-10 2164.30 2254.50 2294.50
30-Oct-10 2160.50 2251.00 2294.00
15-Nov-10 2227.50 2317.00 2348.50 2378.50
30-Nov-10 2198.00 2231.00 2280.50 2319.00
15-Dec-10 2194.00 2216.00 2261.50 2328.00 2359.50
31-Dec-10 2331.50 2374.00 2441.50 2468.50
15-Jan-11 2368.50 2377.00 2492.00 2554.00 2578.00
31-Jan-11 2437.50 2475.00 2517.50 2560.50
15-Feb-11 2412.00 2425.00 2469.50 2508.00 2535.00
28-Feb-11 2393.00 2408.00 2443.50 2469.50 2491.50
15-Mar-11 2278.50 2278.00 2313.50 2344.50 2365.00 2382.50
31-Mar-11 2297.50 2337.50 2379.00 2412.00 2441.00

144
 SPOT & FUTURES PRICES OF R/M SEED AT ACE AHMEDABAD
`. PER 100 KG
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date SPOT
20-Dec-10 20-Jan-11 20-Apr-11 20-May-11 20-Jun-11 20-Jul-11
27-Oct-10 2770.00 2864.00 2887.50
30-Oct-10 2750.00 2841.25 2867.75
15-Nov-10 2827.50 2912.50 2954.25 2750.00
30-Nov-10 2854.75 2827.75 2866.00 2765.00
15-Dec-10 2839.00 2825.00 2852.00 2879.00 2913.00
31-Dec-10 2901.00 2849.00 2932.25 2984.50
15-Jan-11 2817.50 2820.50 2859.00 2895.00 2930.00
31-Jan-11 2839.00 2950.25 2991.75 3031.50
15-Feb-11 2871.25 3014.25 3047.75 3095.00
28-Feb-11 2854.75 2873.50 2914.00 2959.00
15-Mar-11 2683.75 2701.25 2739.25 2782.00 2819.00
31-Mar-11 2568.00 2687.00 2738.25 2787.00 2825.00

145
 SPOT & FUTURES PRICES OF CHANA AT ACE AHMEDABAD
`. PER 100 KG
FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date SPOT
20-Dec-10 20-Jan-11 18-Feb-11 18-Mar-11 20-Apr-11 20-May-11 20-Jun-11 20-Jul-11
27-Oct-10 2371.50 2436.00 2468.00
30-Oct-10 2346.00 2441.00 2474.00
15-Nov-10 2375.00 2435.00 2484.50 2474.00
30-Nov-10 2521.50 2547.00 2602.00 2566.00
15-Dec-10 2452.50 2495.50 2546.50 2556.50 2489.00
31-Dec-10 2438.50 2549.50 2553.00 2487.50
15-Jan-11 2550.00 2591.50 2644.50 2619.50 2660.00
31-Jan-11 2646.50 2615.50 2662.00 2714.00
15-Feb-11 2600.00 2580.00 2637.50 2735.00 2814.00
28-Feb-11 2525.50 2468.00 2585.00 2657.00 2729.00
15-Mar-11 2500.00 2418.00 2507.50 2558.50 2615.50 2673.50
31-Mar-11 2291.50 2383.00 2430.50 2473.00 2536.00

146
 Spot and future prices of Soy oil at NBOT.,Indore
Price - ` In 10 KG
Future closing prices for contract expiring on
Date Spot
Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11
31-Mar-10 451.00 447.80 449.30
1-Apr-10 446.30 446.80 447.30
15-Apr-10 444.60 444.60 449.00
30-Apr-10 447.30 449.20 453.30
15-May-10 446.00 446.00 442.90
31-May-10 450.40 449.50 451.60
15-Jun-10 438.10 438.00 441.20
30-Jun-10 442.00 442.90 446.50
15-Jul-10 453.50 451.90 460.00 467.00
31-Jul-10 481.00 489.00 495.00
14-Aug-10 510.00 510.00 519.00 517.00
31-Aug-10 486.70 485.50 486.20
15-Sep-10 471.30 475.70 478.00 480.20
30-Sep-10 481.40 486.00 493.50
15-Oct-10 515.50 515.50 522.30
30-Oct-10 519.20 530.00 541.20
15-Nov-10 554.30 556.60 578.40 586.00
30-Nov-10 559.60 567.20 579.80
15-Dec-10 576.50 577.30 597.70
31-Dec-10 624.80 627.60 641.50
15-Jan-11 630.30 630.20 643.10 650.50
31-Jan-11 640.50 655.50 667.90
15-Feb-11 628.60 631.70 651.10
28-Feb-11 631.00 626.20
15-Mar-11 601.90 604.20 605.40
31-Mar-11 590.00 597.50 607.80

147