NCDEX

NCDEX, or the National Commodity and Derivatives Exchange, is India's leading agricultural commodity derivatives exchange, headquartered in Mumbai. Established in 2003, NCDEX provides a platform for trading futures and options contracts on a wide range of agricultural commodities including soybean, chana (chickpea), guar seed, castor seed, coriander, and wheat. It is promoted by leading financial institutions including NSE, NABARD, LIC, and PNB. NCDEX is regulated by SEBI and plays a critical role in enabling farmers, agri-businesses, food processors, and exporters to hedge against price risk. It also serves as a benchmark price discovery platform for agricultural produce across India's vast and fragmented commodity supply chain.