ELECTRONIC SPOT EXCHANGES

Electronic Spot Exchanges is an emerging phenomenon in the country .These spot exchanges provide real time, online, transparent and vibrant spot platform for commodities. The contracts allow participants from all over the country to buy and sell, thereby enabling producers and users to discover best price. The Government has allowed the National Commodity Exchanges to set up three spot exchanges in the country, namely the National Spot Exchange Ltd. (NSEL), NCDEX Spot Exchange Ltd. (NSPOT) and National Agriculture Produce Marketing Company of India Ltd. (NAPMC). During 2009, there was significant expansion of spot exchanges trading facilities in India. These spot exchanges have created an avenue for direct market linkage among farmers, processors, exporters and end users with a view to reducing the cost of intermediation and enhancing price realization by farmers.

Electronic Spot Exchanges is an emerging phenomenon in the country .These spot exchanges provide real time, online, transparent and vibrant spot platform for commodities. The contracts allow participants from all over the country to buy and sell, thereby enabling producers and users to discover best price. The Government has allowed the National Commodity Exchanges to set up three spot exchanges in the country, namely the National Spot Exchange Ltd. (NSEL), NCDEX Spot Exchange Ltd. (NSPOT) and National Agriculture Produce Marketing Company of India Ltd. (NAPMC). During 2009