Last Updated : December 19, 2006
National Multi-Commodity Exchange of India Ltd
National Multi-Commodity Exchange of India Ltd has been promoted by commodity-relevant public institutions, viz., Central Warehousing Corporation (CWC), National Agricultural Cooperative Marketing Federation of India (NAFED), Gujarat Agro-Industries Corporation Limited (GAICL), Gujarat State Agricultural Marketing Board (GSAMB), National Institute of Agricultural Marketing (NIAM), and Neptune Overseas Limited (NOL).
While various integral aspects of commodity economy, viz., warehousing, cooperatives, private and public sector marketing of agricultural commodities, research and training were adequately addressed in structuring the Exchange, finance was still a vital missing link. Punjab National Bank (PNB) took equity of the Exchange to establish that linkage.
Today, NMCE is the only Exchange in India to have such investment and technical support from the commodity relevant institutions. These institutions are represented on the Board of Directors of the Exchange and also on various committees set up by the Exchange to ensure good corporate governance. Some of them have also lent their personnel to provide technical support to the Exchange management.
NMCE is unique in many other respects. It is a zero-debt company; following widely accepted prudent accounting and auditing practices. It has robust delivery mechanism making it the most suitable for the participants in the physical commodity markets. The exchange does not compromise on its delivery provisions to attract speculative volume. Public interest rather than commercial interest guide the functioning of the Exchange. It has also established fair and transparent rule-based procedures and demonstrated total commitment towards eliminating any conflicts of interest. It is the only Commodity Exchange in the world to have received ISO 9001:2000 certification from British Standard Institutions (BSI).
Commodities Traded 1 - Coffee
2 - Copra, Coconut Oil & Coconut Oil cake
3 - Castor Seed, Oil & Oilcake
4 - Cardamom
5 - Cumin seed
6 - Groundnut seed, oil & oil cake
7 - Gold Study
8 - Lin Seed
9 - Pepper
10 -Pulses
11 -Rape/Mustard Seed, Oil & Oil cake
12 -Rubber
13 -Safflower seed
14 -Salient features of Oil
15 -Sesame Seed
16 -Silver Study
17 -Soy Seed, Oil & Oil cake
18 -Sugar
19 -Sunflower seed
20 -Raw Jute
21 -Wheat
22 -Chana
23 -Guar Seed
Address: National Multi-Commodity Exchange Of India Limited
4th Floor H. K. House
B/h Jivabhai Chambers, Ashram Road
Ahmedabad, Gujarat - 380 009
INDIA
Phone: 91-79-2658-3313
Fax: 91-79-2658-2759
Email: comex@icenet.net
Branches Mumbai 401, 4th Floor, Maker Chamber V,
Nariman Point,
Mumbai: - 400021
Contact Name: - Mr. Kersasp Avari (A.V.P)
Contact Number :- (M) 9323311683, (O) 022-22833517, 22885277, 56350995
Delhi
Flat No.:- 1111, 11th Floor,
Surya Kiran Building,
19 – Kasturba Gandhi Marg,
Connaught Place,
Delhi: - 110001
Contact Person: - Ms.Baljeet Kaur (Sr. Manager)
Contact Number :- (M) 9310434402, (O) 011 – 43563651
Cochin
28/87 – B, Raj Krishna,
Panampilly nagar,
Concrete Road,
Cochin - 36
Contact Person: - Mr. Binoy George (Manager Commodities)
Contact Number :- (M) 9447234896, (O) 0484 – 2318388
Bangalore Bangalore Stock Exchange Tower,
Annexure Building,
A-51, 1st Cross,
J.C.Road,
Bangalore – 27
Contact Person: - Ms. Shreepadma (Sr. Executive )
Contact Number :- (O) 41148753
