Question : ON LINE FUTURE TRADING OF AGRICULTURAL COMMODITIES

(a) whether the Government has any plan to introduce on line future trading of agricultural commodities; and

(b) if so, the details thereof?

THE MINISTER OF STATE IN THE MINISTRY OF AGRICULTURE AND THE MINISTER OF STATE IN THE MINISTRY OF CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION (SHRI TASLIMUDDIN)

(a) & (b): The online futures trading in agricultural commodities is already taking placein the three ‘National Multi Commodity Exchanges ‘ viz., Multi Commodity Exchange Ltd.(MCX), Mumbai, National Commodity & Derivatives Exchange Ltd. (NCDEX), Mumbai and National Multi Commodity Exchange of India Ltd.(NMCE), Ahmedabad. Besides, five regional Exchanges viz., National Board of Trade (NBOT), Indore, East India Cotton Association, Mumbai, E-Sugar India Ltd., Mumbai, India Pepper and Spice Trade Association, Kochi and First Commodity Exchange Ltd., Kochi are also providing facility for online trading in agricultural commodities.