(a) the amount of profit earned by the National Commodity and Derivatives Exchange and Multi Commodity Exchange from agricultural products in the year 2009; and
(b) the benefits accruing to the farmers therefrom?
(a) the amount of profit earned by the National Commodity and Derivatives Exchange and Multi Commodity Exchange from agricultural products in the year 2009; and
(b) the benefits accruing to the farmers therefrom?
THE MINISTER OF STATE IN THE MINISTRY OF AGRICULTURE AND THE MINISTER OF STATE IN THE
MINISTRY OF CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION (PROF. K. V. THOMAS)
(a): National Commodity and Derivatives Exchange, Mumbai (NCDEX) incurred a loss of Rs. 10.44
crore and Multi Commodity Exchange, Mumbai (MCX) incurred a loss of Rs. 4.86 crore during
Financial Year 2008-09.
(b): The national commodity exchanges provided a price discovery and hedging platform to all
the stakeholders including the farmers. The price information available from the futures market
empowered the farmers in terms of increased bargaining powers vis-a-vis traders and helped them
in realizing better prices for their produce.