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FORWARD MARKETS COMMISSION, MUMBAI
FORWARD MARKETS COMMISSION, MUMBAI Highlights/ Important Developments for the fortnight from 16.2.2015 to 28.2.2015 1. Total value of trade at the Commodity Exchanges during the fortnight, 16th February, 2015 to 28th February, 2015 was ₹ 2,50,851.48 crore. The cumulative value of trade from 1stApril, 2014 upto 28th February, 2015 during the financial year 2014-15 was ₹56,43,642.89 crore. The corresponding figures for the previous year were ₹ 3, 07,829.01 crore and ₹ 95, 13,600.50 crore respectively. 2. The Commission on 26th February, 2015 issued a circular making KYC form of the Commodity Derivatives Market identical to that prescribed by the Securities and Exchange Board of India (SEBI) for the securities market. This has been done to enable uniform KYC registration process in the two markets to make it easier for clients to register for trading and to avoid duplication of paper work with various intermediaries. 3. The Commission on 20th February, 2015 amended the Guidelines for Investor Protection Fund, (IPF) deleting the provision of nomination of an official of FMC as a trustee in IPF as the IPFs created by the Exchanges have been functioning smoothly since these were set up over 2 years back. 4. The stock of Castor Seed in the Exchange accredited Warehouses has increased and since the arrival season in Castor Seed started from February, the Commission on 24th February, 2015 issued directions to NCDEX, ACE and NMCE for removal of the existing additional margin of 5% (non-cash) on both long and short side of Castor seed contracts w.e.f. the beginning of trading day 25th February, 2015. 5. The Commission on 25th February, 2015 decided to allow all Commodity Exchanges to remain open for trading between 10.00 am and 5.00 pm on 28th February, 2015 on the occasion of presentation of Union Budget. -1- 6. The Forward Markets Commission organized the following capacity building programmes for the benefit of various stakeholders. The details of the programmes are as follows: Sr.No. Name of the lead Institute Name of the programme Place 19-20th Feb.2015 1 NABCONS, Mumbai Commodity Futures Market 2 NIAM, Jaipur Commodity Futures Market Jharkhand, Ranchi 27-28th Feb.2015 3 NIAM, Jaipur Commodity Futures Market Orissa, Bhubaneshwar 27-28th Feb.2015 4 NIAM, Jaipur Commodity Futures Market Punjab, Chandigarh 24-25th Feb.2015 5 IIPM, Bangalore Commodity Futures Market Karnataka, Bangalore 26-27th Feb.2015 6 VAMNICOM, Pune Commodity Futures Market Inst. Campus, Pune 23-24th Feb.2015 7 MICM, Bhubaneshwar Commodity Futures Market Bhubaneshwar, Orissa 24-25th Feb.2015 8 MICM, Bhubaneshwar Commodity Futures Market Bhubaneshwar, Orissa 26-27th Feb.2015 9 NABCONS, Mumbai Commodity Futures Market Meghalaya (NER) 27-28th Feb.2015 -2- Bihar, Patna Date 7. Trade Data Summary: Sr.Nos. (a) 1 (b) (a) 2 (b) (a) 3 (b) (a) 4 (b) (a) 5 (b) (a) 6 (b) Particulars (Value of Trade in ₹ Crore) 2013-14 % growth in 2014-15 over 2013-14 2014-15 Total value of trade during the fortnight ending 28th February Cumulative value of trade during the year from 1stApril to 28th February Total value of trade in Agri Commodities during the fortnight ending 28th February Cumulative value of trade in Agri Commodities during the year from 1stApril to 28th February Total value of trade in Bullion during the fortnight ending 28th February Cumulative value of trade in Bullion during the year from 1stApril to 28th February Total value of trade in Metals other than Bullion during the fortnight ending 28th February Cumulative value of trade in Metals other than Bullion during the year from 1stApril to 28th February Total value of trade in Energy during the fortnight ending 28th February Cumulative value of trade in Energy during the year from 1stApril to 28th February Total value of trade in other Commodities during the fortnight ending 28th February Cumulative value of trade in other Commodities during the year from 1stApril to 28th February -3- 250851.48 307829.01 -18.51 5643642.89 9513600.50 -40.68 35709.79 65419.30 -45.41 992115.78 1444964.47 -31.34 90327.61 110497.35 -18.25 2005730.91 4083001.48 -50.88 48390.00 38668.17 25.14 1161677.27 1646564.88 -29.45 76424.07 93244.20 -18.04 1484118.94 2339069.67 -36.55 0.00 0.00 0.00 0.00 0.00 0.00 Sr. No 1 1 The Statement gives Exchange wise/Commodity wise comparative picture as on 28.2.2015 and 16.2.2015.The figures for 16.2.2015 are given in parenthesis in each row in column numbers 5 to 12. The total volume and value of trade during the fortnight is given in column 13 and 14 respectively. FORTNIGHTLY DISSEMINATION OF DATA Volume in Natural Gas in mmBtu and for other Commodities in MT Value of Trade in ₹ crore Position as on 28.2.2015 During 16– 28 February 15 Name of Name of Price Prices in ₹ Open Interest Trading Volume Value of Trade Total Exchange Commodity Unit Spot Futures Near Month All Near All Contracts Near All Volume Value Near Month Contract Contracts Month Month Contracts Contract Contract Contract 2 3 4 5 6 7 8 9 10 11 12 13 14 Multi Crude Oil 1 BBL 3,075.00 3,064.00 449,219.24 494,983.41 141,643.69 148,890.97 309.71 326.45 26,800,769.55 60732.19 Commodity (3,280.00) (3,287.00) (256,424.89) (353,857.39) (1,421,837.37) (1,569,357.23) (3,338.62) (3,693.40) Exchange of Gold 10 GRMS 26,559.00 26,477.00 9.08 12.84 12.23 13.01 3,219.21 3,426.30 185.18 48659.46 India Limited, (27,189.00) (26,704.00) (8.17) (10.01) (6.88) (7.03) (1,841.35) (1,883.12) Mumbai Silver 1 KG Copper 1 KG Natural Gas 36,602.00 (38,509.00) 36,716.00 (38,128.00) 73.80 (254.25) 303.24 (338.91) 144.27 (317.58) 305.73 (333.30) 526.90 (1,215.60) 1,122.62 (1,276.26) 11,096.52 40678.33 370.00 (356.85) 371.80 (360.10) 11,849.00 (13,398.00) 12,277.00 (15,612.00) 5,727.00 (30,638.00) 5,780.00 (31,696.00) 212.59 (1,098.26) 214.58 (1,136.73) 538287 19431.22 1 mmBtu 168.90 (174.20) 167.70 (179.40) 92.72 (1,044.19) 96.23 (1,111.31) 883307500 15691.88 Zinc 1 KG 127.30 (133.75) 127.70 (133.60) 13,415.00 (22,625.00) 13,725.00 (27,285.00) 7,910.00 (38,390.00) 8,240.00 (40,140.00) 100.72 (514.04) 104.93 (537.61) 707669 9123.18 Nickel 1 KG 867.70 (897.40) 874.90 (906.80) 2,511.50 (2,183.75) 2,556.75 (2,295.75) 950.25 (5,370.00) 966.00 (5,489.50) 82.89 (487.25) 84.28 (498.18) 95127.95 8399.33 Lead 1 KG 106.65 (113.25) 107.70 (113.80) 25,885.00 (11,205.00) 26,335.00 (12,140.00) 7,335.00 (23,015.00) 7,525.00 (23,460.00) 78.80 (262.69) 80.86 (267.82) 587070 6452.30 Aluminium 1 KG 110.85 (112.85) 112.40 (112.80) 13,910.00 (14,480.00) 14,065.00 (16,555.00) 3,735.00 (30,670.00) 3,835.00 (31,500.00) 41.91 (348.49) 43.04 (358.01) 444903 4984.00 Cotton 1 Bales 15,200.00 (14,880.00) 27,123.50 (15,478.50) 46,116.75 (47,311.00) 2,762.50 (3,999.25) 3,170.50 (8,568.00) 24.66 (35.04) 28.37 (75.94) 161997.25 1448.76 6,731.68 (13,116.94) 375.17 (791.15) 28995071.692 218273.907 17,42,768.00 6,418.76 233.75 (339.35) 6,19,965.00 3,669.43 14,830.00 (14,760.00) 15,132,500.00 15,721,250.00 5,510,000.00 5,713,750.00 (9,336,250.00) (11,193,750.00) (58,685,000.00) (62,425,000.00) Total of the Exchange :2 National Commodity & Derivatives Exchange Ltd. Chana Soya Oil Rs/Quintal 3,627.50 (3,503.65) 3,682.00 (3,662.00) 1,70,670 (1,49,590) 3,85,860 (3,84,020) 45,450 (1,24,510) 1,01,420 (2,15,880) 5503.85 (12,122.53) 167.53 (456.76) Rs/10Kgs 606.25 (622.40) 595.40 (610.70) 98,155 (1,05,185) 2,53,380 (2,19,720) 21,745 (28,145) 39,895 (56,090) 129.53 (171.32) -4- FORTNIGHTLY DISSEMINATION OF DATA Sr. No 1 Name of Exchange 2 Mumbai Name of Commodity 3 Castor Seed Price Unit Prices in ₹ Spot Futures Near Month Contract 4 5 6 Rs/Quintal 3,640.40 3,689.00 (3,850.00) (3,791.00) Position as on 28.2.2015 Open Interest Near Month All Contract Contracts 7 76,420 (1,04,030) 8 2,21,230 (2,27,320) Volume in Natural Gas in mmBtu and for other Commodities in MT Value of Trade in ₹ crore During 16– 28 February 15 Trading Volume Value of Trade Total Near All Contracts Near All Volume Value Month Month Contracts Contract Contract 9 10 11 12 13 14 41,430 75,360 152.87 281.29 8,14,324.00 3,034.28 (60,400) (89,340) (230.16) (340.59) Guarseed 10 Rs/Quintal 3,745.00 (3,828.15) 3,648.00 (3,827.00) 31,780 (45,710) 56,350 (58,200) 38,680 (52,510) 59,600 (62,080) 142.48 (200.18) 220.34 (236.96) 7,40,490.00 2,733.26 Jeera Rs/Quintal 15,050.00 (14,978.55) 14,500.00 (14,795.00) 14,679 (18,069) 25,788 (24,456) 8,319 (7,800) 13,179 (9,348) 121.15 (114.06) 193.40 (137.18) 1,80,474.00 2,727.77 Turmeric Rs/Quintal (7,767.65) Rs/Quintal 6,926.65 (8,952.50) Rs/Quintal 3,505.60 (3,595.60) 8,426.00 (8,322.00) 6,182.00 (7,095.00) 3,386.00 (3,400.00) 27,360 (31,215) 27,180 (25,670) 47,600 (44,480) 39,195 (39,370) 45,820 (39,020) 78,850 (64,410) 21,585 (12,080) 19,510 (18,990) 32,810 (46,310) 24,895 (13,850) 28,110 (26,240) 43,640 (55,460) 184.71 (99.77) 120.24 (135.74) 110.66 (156.60) 213.33 (114.60) 174.01 (188.21) 147.54 (187.94) 2,48,850.00 2,199.95 3,04,530.00 1,985.54 5,05,358.00 1,707.36 Soyabean Rs/Quintal 3,385.00 (3,425.00) 3,379.00 (3,427.00) 74,930 (74,520) 1,15,790 (1,16,830) 14,350 (28,720) 17,640 (40,190) 48.47 (98.39) 59.65 (137.83) 3,48,834.00 1,187.44 Kapas Rs/20Kgs 732.00 (770.00) 737.00 (736.50) 52 (60) 39,308 (35,592) (12) 13,704 (16,648) (0.04) 51.60 (62.27) 2,51,700.00 948.02 1,347.31 (1,822.26) 21.80 (21.25) 16.17 (21.76) 19.22 (20.45) 9.59 (16.63) 17.86 (10.03) 6.28 (6.83) 90.92 (96.95) 2,180.36 (2,763.28) 41.62 (42.55) 31.51 (43.33) 38.49 (40.73) 18.20 (33.35) 35.05 (20.03) 12.40 (10.08) 177.27 (190.08) 6636637.070 Coriander Rmseed Total of the Exchange :3 National MultiCommodity Exchange of India Limited, Ahmedabad Rape/Mustard Seed Chana 20 Kg Copra 100 Kg Raw Jute 100 Kg Castor Seed 10 MT Rubber 100 Kg 100 Kg 100 Kg 646.00 (673.00) 3628.00 (3502.00) 9480.00 (9940.00) 3504.90 (3383.60) 3544.00 (3779.00) 12730.00 (12750.00) 620.00 (639.00) 3690.00 (3586.00) 9524.00 (10034.00) 3525.00 (3399.00) 3695.00 (3797.00) 12557.00 (12407.00) 750.00 (790.00) 430.00 (490.00) 251.00 (207.00) 320.00 (500.00) 510.00 (270.00) 1398.00 (1831.00) 1450.00 (1560.00) 820.00 (1170.00) 457.00 (411.00) 660.00 (970.00) 980.00 (520.00) 2816.00 (2584.00) -5- 7010.00 13340.00 (6590.00) (13110.00) 4350.00 8470.00 (6130.00) (12100.00) 2039.00 4061.00 (2042.00) (4049.00) 2720.00 5140.00 (4900.00) (9780.00) 4880.00 9480.00 (2590.00) (5140.00) 497.00 976.00 (547.00) (806.00) Total of the Exchange 29971.154 134850 434.66 111890 411.49 39986 394.41 80060 277.28 66120 247.58 9270 117.45 442176.000 1882.869 FORTNIGHTLY DISSEMINATION OF DATA Sr. No Name of Exchange 1 2 ACE Derivatives & Commodity Exchange Ltd., Mumbai 4 5 6 7 8 9 10 Name of Commodity 3 Cotton 118 Price Unit 4 Rs/Candy Prices in ₹ Spot Futures Near Month Contract 5 6 31080 31610 (30760) (30960) Position as on 28.2.2015 Open Interest Near Month All Contract Contracts 7 247.47 (302.94) 8 460.81 (503.47) Volume in Natural Gas in mmBtu and for other Commodities in MT Value of Trade in ₹ crore During 16– 28 February 15 Trading Volume Value of Trade Total Near All Contracts Near All Volume Value Month Month Contracts Contract Contract 9 10 11 12 13 14 631.47 768.01 5.61 6.84 12830.020 114.530 (712.54) (1275.75) (6.21) (11.22) Total of the Exchange :- Chamber of Commerce, Hapur Mustard Seed Rajkot Commodity Exchange Ltd., Rajkot Castor Seed India Pepper & Spice Trade Association, Kochi Pepper MG 1 Bombay Commodity Exchange Ltd., Vashi Castor seed Spices & Oilseeds Exchange Ltd.,Sangli Turmeric Cotton Association of India Mumbai Cotton 100 Kg 100 Kg 3780.75 (3904.75) 3462.50 (3725.00) 3612.50 (3627.50) 3690 (3755) 438 (862) 438 (862) 370 (715) 370 (175) 12830.020 114.530 Total for the National Exchanges(A) 36086714.782 250242.460 7218 7218 (14906) (41906) Total of the Exchange 56500 (62500) NT (NT) 0 (0) 0 (0) 26.08 (54.07) 26.08 (54.07) 137.86 (6.99) 124930 449.20 124930 449.20 37420 137.86 0.04 (6.99) 0 (0) 137.86 (6.99) 0 ( 0) 37420 137.86 364 21.96 0 0 364 (0) (0) 0 0 0 0 0 (0) (0 ) (0) (0) Total of the Exchange 0 0 0 (0) (0) 0 0 0 0 0 (0) (0) (0) (0) Total of the Exchange 0 0 0 (0) (0) 0 0 0 0 0 (0) (0) (0) (0) Total of the Exchange 0 0 0 (0) (0) Total for the Regional Exchanges(B) 162714.000 Grand Total (A+B) 36249428.782 21.96 10 (1855) 37420 (1855) 0 ( 0) 0 (0) Total of the Exchange 100 Kg 100 Kg 100 Kg -- --- --- NP (NP) NP (NP) NP (NP) 0 (0) 0 (0) 0 (0) 0 (0) 0 (0) 0 (0) Note: Natural Gas volume is not included in the Total Volume -6- 6.84 (11.22) 26.08 (54.07) 26.08 (54.07) 0.04 (6.99) Total of the Exchange 100 Kg 5.61 (6.21) 0 0 0 0 0 0 609.020 250851.480 Review of Exchange-wise Commodities traded during the fortnight 16th February 2015 to 28th February 2015 1. Multi Commodity Exchange of India Ltd., Mumbai- During the period from 16.02.2015 to 28.02.2015, 14 commodities were traded at the Exchange. Out of these, Crude Oil, Gold & Silver had the highest volume of trade. Name of Contracts being Commodities traded Near month contract -- 19 Mar 2015 Trade across all Highest Price Quoted Crude Oil Total Value of Lowest Price Quoted Total Value of Highest Net Trade Open Position contracts 19-Feb-15; ₹ 3398 per BBL on ₹ 3016 per BBL on ₹37625.68 477746.65 MT ₹60732.19 19-Mar-15; 18.02.2015 27.02.2015 crore on 27.02.2015 crore 20-Apr-15; 18-May-15; 19-Jun-15; 20-Jul-15; 19-Aug-15 Gold 03-Apr-15; Near month contract - - 03 Apr 2015 05-Jun-15; 05-Aug-15; ₹ 26870 per 10 Gram ₹ 25955 per 10 Gram ₹ 41321.17 9.201 MT on ₹ 48659.46 05-Oct-15; on 16.02.2015 on 23.02.2015 crore 17.02.2015 crore 04-Dec-15; 05-Feb-16 Silver 05-Mar-15; Near month contract- - 05 Mar 2015 05-May-15; 03-Jul-15; ₹ 38474 per KG on ₹.35760 per KG on ₹ 26328.84 293.10 MT on ₹ 40678.33 04-Sep-15; 16.02.2015 24.02.2015 crore 17.02.2015 crore 04-Dec-15 -7- 2. National Commodity & Derivatives Exchange Limited, Mumbai- During the period from 16.2.2015 to 28.2.2015, 20 commodities were traded at the Exchange. Out of these Chana, Soya Oil and Castor Seed had the highest volume of trade. Name of Contracts being Commodities traded Near month contract- 20th April 2015 Trade across all Highest Price Quoted Chana Total Value of Lowest Price Quoted Total Value of Highest Net Trade Open Position 20-Feb-2015 ₹3735.00/ per Quintal ₹3617.00/ per Quintal ₹ 3246.53 174530 MT on 20-Apr-2015 on 27.02.2015 on 16.02.2015 crore 20.02.2015 contracts ₹ 6418.76 crore 20-May-2015 19-Jun-2015 20-Jul-2015 Near month contract - 20th April 2015 Soya Oil 20-Feb-2015 ₹613.50/ per 10 kgs on ₹590.00/ per 10 kgs ₹ 2168.62 108240 MT on ₹ 3669.43 20-Apr-2015 18.02.2015 on 24.02.2015 crore 19.02.2015 crore 19-Jun-2015 20-Aug-2015 20-Oct-2015 Near month contract - 20th March 2015 Castor Seed 20-Feb-2015 ₹3920.00/ per Quintal ₹3532.00/ per Quintal ₹ 1774.99 105710 MT on ₹ 3034.28 20-Mar-2015 on 16.02.2015 on 24.02.2015 crore 18.02.2015 crore 20-Apr-2015 20-May-2015 19-Jun-2015 -8- 3. National Multi-Commodity Exchange of India Ltd., Ahmedabad - During the fortnight ending on 28/02/2015, 6 commodities were traded at the Exchange, Out of these Rape/Mustard Seed, Desi Chana and Copra had the highest volume of trade. Name of Contracts being Commodities traded Near month contract – 15 Apr 2015 Trade across all Highest Price Quoted Rape/Mustard 15 Apr 2015 Seed 15 May 2015 Total Value of ₹ 664.10/-per 20 Kg on 23.02.2015 Lowest Price Quoted ₹ 616.30/-per 20 Kg on 28.02.2015 Total Value of Highest Net Trade Open Position ₹ 220.71 crore 790.00 MT on 16.02.2015 contracts ₹434.66 crore 15 Jun 2015 15 Jul 2015 Near month contract – 20 Apr 2015 Chana 20 Feb 2015 ₹ 3751.00/-per 100 Kg ₹ 3581.00/-per 100 Kg ₹ 209.97 (traded only two days) on 19.02.2015 on 16.02.2015 crore 780.00 MT on 25.02.2015 ₹. 411.49 crore 20 Apr 2015 20 May 2015 19 Jun 2015 20 Jul 2015 Near month contract – 13 Mar 2015 Copra 13 Mar 2015 ₹ 10200.00/-per 100 ₹ 9339.00/-per 100 ₹ 199.40 15 Apr 2015 Kg on 19.02.2015 Kg on 28.02.2015 crore 15 May 2015 -9- 251.00 MT on 28.02.2015 ₹ 394.41 crore 4. ACE Derivatives and Commodity Exchange Ltd., Mumbai -During the period from 16.2.2015 to 28.2.2015, 1 commodity was traded at the Exchange. Name of Contracts being Commodities traded Cotton 118 Near month contract – 20th March 2015 Highest Price Quoted Lowest Price Quoted Total Value of Total Value of Highest Net Trade across all Trade Open Position contracts 20-Feb-2015, 20-Mar-2015, ₹32500 / Candy on ₹31440 / Candy on ₹76.969 247.47 MT on ₹114.53 20-Apr-2015,20-May-2015, 19.02.2015 24.02.2015 crore 20.02.2015 crore 19-Jun-2015,20-Jul-2015 5. Chamber of Commerce, Hapur Name of Contracts being Commodities traded Mustard seed 15th April 2015 Near month contract - 15th April 2015 Highest Price Quoted Lowest Price Quoted ₹ 3645 per ₹ 3526.25 per 100 kg on 18.2.2015 100 kg on 23.2.2015 Total Value of Total Value of Highest Net Trade across all Trade Open Position contracts ₹449.20 crore 988 MT on 18.2.2015 ₹ 449.20 crore 6. The Rajkot Commodity Exchange Ltd., Rajkot Name of Contracts being Commodities traded Castor Seed 31st March 2015 th 30 June 2015 Near month contract - 31st March 2015 Highest Price Quoted Lowest Price Quoted Total Value of Total Value of Highest Net Trade across all Trade Open Position contracts ₹ 3845 per 100 kg ₹ 3540/- per 100 kg ₹ 137.82 on 19.2.2015 on 24.2.2015 crore 715 MT ₹ 137.86 on 16.2.2015 crore 7. India Pepper & Spice Trade Association, Kochi Name of Contracts being Commodities traded Pepper MG1 Near month contract -15th March 2015 Highest Price Quoted Lowest Price Quoted Total Value of Highest Net Trade across all Trade Open Position contracts 15th March 2015,15th April 2015, ₹59663/- per 100 kg ₹58500/- per 100 kg ₹ 6.48 15th May 2015,15th June 2015, on 18.2.2015 on 20.2.2015 crore th th 15 July 2015,15 August 2015 - 10 - Total Value of -- ₹ 21.96 crore 8. Bombay Commodity Exchange Ltd., Vashi Name of Contracts being Commodities Traded Near month contract – Trade across all Highest Price Quoted Castor seed Permission not granted Total Value of Lowest Price Quoted -- Total Value of Highest Net Trade Open Position -- -- -- contracts -- 9. Spices & Oilseed Exchange Ltd., Sangli Name of Contracts being Commodities traded Near month contract – Trade across all Highest Price Quoted Turmeric Permission not granted Total Value of Lowest Price Quoted -- Total Value of Highest Net Trade Open Position -- -- -- contracts -- 10. Cotton Association of India, Mumbai Name of Contracts being Commodities traded Near month contract – Trade across all Highest Price Quoted Cotton Permission not granted Total Value of Lowest Price Quoted -- -- - 11 - Total Value of Highest Net Trade Open Position -- -- contracts --