Final AR 2009-10 dt 01-02-2011 by shuifanglj

VIEWS: 34 PAGES: 158

									        GOVERNMENT OF INDIA



   FORWARD MARKETS COMMISSION




    MINISTRY OF CONSUMER AFFAIRS
    FOOD AND PUBLIC DISTRIBUTION
  DEPARTMENT OF CONSUMER AFFAIRS




       ANNUAL REPORT 2009-10




EVEREST, 3RD FLOOR. 100, MARINE DRIVE,
           MUMBAI 400 002




             January 2011
                          CONTENTS

Chapter                     Contents                    Page No
  No.

   1       Introduction                                    1

   2       Developments in the Commodity Derivative       12
           Market

   3       Commodity Futures Market in 2009-10 – A        23
           Review

   4       Action Against Illegal Forward Trading         43

   5       Administration and Budget                      45




                          ANNEXURES

Annexure                       Details                   Page.
  No.                                                     No

    I      List of Commodities Notified Under Section     49
           15 of the F. C. (R.) Act, 1952

   II      List of Exchanges                              51

  III-A    Trading Permissions Granted to the             52
           National Exchanges

  III-B    Trading Permissions Granted to the             58
           Regional Exchanges

   IV      Guidelines for allowing Position Limits to     61
           the NAFED

  V-A      Guidelines for grant of recognition to new     62
           national commodity exchange

  V-B      Guidelines on the Equity Structure of the      69
           Nationwide Multi-Commodity Exchanges

   VI      Uniform Penalty Structure                      75

 VII-A     Details of Awareness Programmes                77
           Organized during the year 2009-10

 VII-B     State wise summary of awareness                122
           programmes conducted for farmers and
           non-farmers.

  VIII     Details of Training Programmes conducted       124
           during 2009-10
                                           CHAPTER 1
                                  Commodity Futures Markets
                                        INTRODUCTION
History:

1.1      The commodity futures market in India dates back to more than a century. The first
organized futures market was established in 1875, under the name and style of 'Bombay Cotton
Trade Association' to trade in cotton derivative contracts. This was followed by institutions for
futures trading in oilseeds, foodgrains, etc. The futures market in India underwent rapid growth
between the period of First and Second World Wars. As a result, before the outbreak of the
Second World War, a large number of commodity exchanges trading futures contracts in several
commodities like cotton, groundnut, groundnut oil, raw jute, jute goods, Castorseed, wheat, rice,
sugar, precious metals like gold and silver were flourishing thr oughout the country. In view of the
delicate supply situation of major commodities in the backdrop of war efforts mobilization, futures
trading came to be prohibited during the Second World War under the Defence of India Act. After
independence, especially in the second half of the 1950s and first half of 1960s, the commodity
futures trading again picked up and there were thriving commodity markets. However, in mid-
1960s, commodity futures trading in most of the commodities came to be banned and futures
trading continued only in two minor commodities, viz, pepper and turmeric. In the 1980s, the
futures trading in some commodities like potato, Castorseed, and gur (jaggery) was permitted. In
1992, futures trading in hessian was permitted; in April 1999 futures trading in various edible
oilseed complexes was permitted and in May 2001 futures trading in Sugar was permitted. The
National Agricultural Policy announced in July 2000 recognised the positive role of forward and
futures market in price discovery and price risk management. In pursuance thereof, Government of
India, by a notification dated 1.4.2003, permitted additional 54 commodities for futures trading.
With the issue of this notification, prohibition on futures trading has been completely withdrawn.
The mechanism of forward trading has actually developed and advanced considerably in the major
trading nations of the world, like USA, UK, France, Japan, etc. In these countries, forward trading
has been permitted in many new items/services including financial futures, shipping freights and
interest rates etc. In comparison, commodity futures markets in India are much simpler and are at
present dealing in single futures contracts in commodities.

Economic Functions:

1. 2. In a free market economy, Futures trading performs two important economic functions,
viz., price discovery and price risk management. Such trading in commodities is useful to all
sectors of the economy. The forward prices give advance signals of an imbalance between demand
and supply. This helps the government and the private sector to make plans and arrangements in a
shortage situation for timely imports, instead of having to rush in for such imports in a crisis-like
situation when the prices are already high. This ensures availability of adequate supplies and
averts spurt in prices. Similarly, in a situation of a bumper crop, the early price signals emitted by
futures market help the importers to defer or stagger their imports and exporters to plan exports,
which avoid glut situations and ensures remunerative prices to the producers. At the same time, it
enables the importers to hedge their position against commitments made for import and exporters
to hedge their export commitments. As a result, the export competitiveness of the country
improves.

Benefits to the farmers and other stakeholders:

1. 3. Farmers and growers also benefit through the price signals emitted by the futures markets
even though they may not directly participate in the futures market. The futures markets, through
advance price discovery lead to a shift in sale-purchase patterns during harvest and lean seasons
and thereby facilitate reduction in the amplitude of seasonal price variation and help the farmer

                                                                                                    1
realize somewhat better price at the time of harvest. These price signals help the farmer in
planning his cultivation in advance as well as to determine the kind of crop which he should prefer
to raise. These signals also help him in fine tuning his marketing strategy after the harvest.
Empowered with the price information the farmer is able to avoid excess sale immediately after
the harvest and is also able to bargain for better prices from trade in the mandi. By providing the
manufacturers and the bulk consumers a mechanism for covering price-risks, the futures market
induces them to pay higher price to the producers, as the need to pass on the price-risk to farmers
is obviated. The manufacturers are able to hedge their requirement of the raw materials and as
also their finished products. This results in greater competition in the market and ensures viability
of the manufacturing units.

Suitability of a commodity for futures trading:

1.4      Futures trading can be organized in those commodities/ markets which display some
special features. The concerned commodity should satisfy certain criteria as listed below:

        a) the commodity should be homogenous in nature, i.e., the concerned commodity
           should be capable of being classified into well identifiable varieties and the price of
           each variety should have some parity with the price of the other varieties;
        b) the commodity must be capable of being standardized into identifiable grades;
        c) supply and demand for the commodity should be large and there should be a large
           number of suppliers as well as consumers;
        d) the commodity should flow naturally to the market without restraints either of
           government or of private agencies;
        e) there should be some degree of uncertainty either regarding the supply or the
           consumption or regarding both supply and consumption,
        f) the commodity should be capable of storage over a reasonable period of time of, say, a
           few months or more.

Participants in the Commodity Futures Markets:

1. 5. There are three broad categories of participants in the futures markets, namely, hedgers,
speculators and arbitrageurs. Hedgers are those who have an underlying interest in the specific
delivery or ready delivery contracts and are using futures market to insure themselves against
adverse price fluctuations. Examples could be stockists, exporters, producers, etc. They require
some people who are prepared to accept the counter-party position. Speculators are those who
may not have an interest in the ready contracts, i.e., the underlying commodity, etc. but see an
opportunity of price movement favourable to them. They are prepared to assume the risk which
the hedgers are trying to transfer in the futures market. They provide depth and liquidity to the
market. While some hedgers from demand and supply side may find matching transactions, they
by themselves cannot provide sufficient liquidity and depth to the market. Hence, the speculators
who are essentially expert market analysers take on the risk of the hedgers for future profits and
thereby provide a useful economic function and are an integral part of the futures market. It would
not be wrong to say that in the absence of speculators, the market will not be liquid and may at
times collapse. Arbitrageurs are those who make simultaneous sale and purchase in two markets
so as to take benefit of price imperfections. In the process they help, remove the price
imperfections in different markets, For example, the arbitrageurs help in bringing the prices of
contracts of different months in a commodity in alignment.

System of Regulation of Forward Trading:

1.6 Regulation of forward trading is done by a three tier regulatory structure, viz., the Central
Government, Forward Markets Commission and the Recognized Commodity Exchanges /
Associations.


                                                                                                   2
         The Central Government has the powers to legislate on the subject of forward trading
          in commodities. Presently the subject is dealt with by the Ministry of Consumer
          Affairs, Food and public Distribution in the Central Government. The Central
          Government broadly determines the policy relating to areas such as identification of
          commodities as well as the territorial area in which futures / forward trading can be
          permitted and giving recognition to the Exchange / Association through which such
          trading is to be permitted.
         The Forward Markets Commission performs the role of approving the Rules and
          Regulations of the Exchange in accordance to which trading is to be conducted,
          accords permission for commencement of trading in different contracts, monitors
          market conditions continuously and takes remedial measures wherever necessary.
          The Recognized Exchange / Associations provide the framework of Rules and
          Regulations for conduct of trading, indicate the place where the trading can be
          conducted, report, record, execute & settle contracts, provide forum for exchange of
          documents and payments, etc.

Forward Contract (Regulation) Act:
1. 7. The Commodity Future Markets are regulated according to the provisions of Forward
Contract (Regulation) Act 1952. The Act broadly divides commodities into 3 categories, i.e.
commodities in which forward trading is prohibited, commodities in which forward trading
is regulated and residuary commodities. Under Section 17 of the F.C(R) Act, 1952, the
Government has powers to notify commodities, forward trading in which is prohibited in whole or
part of India. Any forward trading in such commodities in the notified area is illegal and liable to
penal action. Under Section 15, Government has powers to notify commodities in which forward
trading is regulated as also the area in which such regulation will be in force. Once a commodity
is notified under section 15, the forward trading in such contracts (other than Non-transferable
Specific Delivery Contracts) has to be necessarily between members of the recognized association
or through or with any such member. Contracts other than these are illegal. Section 6 of the Act
provides for powers to the Central Government to grant recognition to an association for
organizing forward contracts in the commodity which is notified under Section 15. Such
recognition may be for a specified period or may remain in force till revoked under Section 7 of
the Act. Section 18(1) exempts the Non-Transferable Specific Delivery Contracts from the
purview of regulation. However, under Section 18(3) of the Act, the Government has powers to
prohibit or regulate the non-transferable specific delivery contracts in commodities also by issue
of a notification. Such notifications may apply for the whole of the country or the specified part of
the country. Trading in commodities where non-transferable specific delivery contracts are
prohibited is illegal and liable to penal action. Trading in non-transferable specific delivery
contracts in respect of regulated commodities has to be through recognized associations just as in
the case of other forward contracts. The commodities that are notified neither under section 15
nor under section 17 of the Act is in common parlance referred to as free commodities. For
organized forward trading in such commodities, the concerned Association or Exchange has to get
a certificate of registration under Section 14B of the Act from the Forward Markets Commission.

1. 8. The Act defines three types of contracts i.e. ready delivery contracts, forward contracts
and options in goods.

1.8.1. Ready delivery contracts are contracts for supply of goods and payment thereof where
both the delivery and payment is completed within 11 days from the date of the contract. Such
contracts are outside the purview of the Act.

1.8.2. Forward Contracts, on the other hand, are contracts for supply of goods and payment,
where supplies of goods or payment or both take place after 11 days from the date of contract or
where delivery of goods is totally dispensed with.

                                                                                                   3
1.8.3. The forward contracts are further of two types, viz., specific delivery contracts and
'other than specific delivery contracts'. The specific delivery contracts are those where delivery
of goods is mandatory though delivery takes place after a period longer than 11 days. Specific
delivery contracts are essentially merchandis ing contracts entered into by the parties for actual
transactions in the commodity and terms of contract may be drawn to meet specific needs of
parties as against standardized terms in futures contracts.

1.8.4. The specific delivery contracts are again of two sub-types viz., the transferable variety
where rights and obligations under the contracts are capable of being transferred and the non-
transferable variety where rights and obligations are not transferable.

1.8.5. Forward contracts other than specific delivery contracts are what are generally known as
'futures contracts' though the Act does not specifically define the futures contracts. Such contracts
can be performed either by delivery of goods and payment thereof or by entering into offsetting
contracts and payment or receipt of amount based on the difference between the rate of entering
into contract and the rate of offsetting contract. Futures contracts are usually standardized
contracts where the quantity, quality, date of maturity, place of delivery are all standardized and
the parties to the contract only decide on the price and the number of units to be traded. Futures
contracts are entered into through the Commodity Exchanges.

1.8.6. „Options‟ in goods means an agreement, by whatever name called, for the purchase or sale
of a right to buy or sell, or a right to buy and sell, goods in future and includes a put, a call, or a
put and call in goods. Options in goods are prohibited under the present Act. An option contract
is the right (but not the obligation) to purchase or sell a certain commodity at a pre-arranged price
(the "strike price") on or before a specified date. For this contract, the buyer or seller of the option
has to pay a price to his counterpart at the time of contracting, which is called the "premium; if the
option is not used, the premium is the maximum cost involved. When prices move favorably, this
right will not be exercised, and therefore, the purchase of options provides protection against
unfavourable price movements, while permitting to profit from favourable ones. Option can give
the right to buy or sell a certain amount of physical commodity, or, more commonly, they can give
the right to buy or sell a futures contract.

1.9 Working of Forward Markets Commission:
1.9.1 Forward Markets Commission is a statutory body set up under Forward Contracts
(Regulation) Act, 1952. The Commission functions under the administrative control of the
Ministry of Consumer Affairs, Food & Public Distribution, Department of Consumer Affairs,
Government of India. The functions of the FMC are dealt with in section 4 of the Forward
Contracts (Regulation) Act, 1952 [F.C(R) Act, 1952] which is given below:

   i.   to advise the Central Government in respect of the recognition of, or the withdrawal of
        recognition from any association or in respect of any other matter arising out of the
        administration of the FC(R) Act, 1952.
  ii.   to keep forward markets under observation and to take such action, in relation to them as
        it may consider necessary, in exercise of the powers assigned to it by or under the FC(R)
        Act, 1952.
 iii.   to collect and whenever the Commission thinks it necessary, publish information
        regarding the trading conditions in respect of goods to which any of the provisions of this
        Act is made applicable , including information regarding supply, demand and prices and to
        submit to the Central Government periodical reports on the operation of the Act, and the
        working of forward markets relating to such goods.
 iv.    to make recommendations generally, with a view to improving the organization and the
        working of forward markets.


                                                                                                      4
  v.      to undertake the inspection of the accounts and other documents of (any recognized
          association or registered association or any member of such association) whenever, it
          considers it necessary and
 vi.      to perform such other duties and exercise such other powers as may be assigned to the
          Commission by or under the FC(R) Act, 1952 or as may be prescribed.

1.9. 2. Section 4A of the FC (R) Act, 1952 deals with the powers of the Commission which
are as follows:

        The Commission have all the powers of a civil court under the Code of Civil Procedure
         1908 (5 of 1908) while trying a suit in respect of the following matters:

            ●   Summoning and enforcing the attendance of any person and examining him on oath;
            ●   Requiring the discovery and production of any documents;
            ●   Receiving evidence on affidavits;
            ●   Requisitioning any public record or copy thereof from any office;
            ●   Any other matter which may be prescribed.

1.9.3. The Commission, thus, is a statutory authority entrusted with regulatory functions under
the Act. The Commission consists of a Chairman and two members. Presently, Shri. B.C. Khatua,
IAS is the Chairman of the Commission. The other members of the Commission are Shri. Rajeev
Kumar Agarwal, IRS and Shri. D. S. Kolamkar, IES. It has its headquarters at Mumbai and a
Regional Office at Kolkata. Forward Markets Commission has 5 Divisions to carry out various
tasks. These Divisions were formed on 1st August 2005 in order to streamline the work on a
functional basis.

       i) Markets, Trading and Development (Market Division)
       ii) Market Intelligence, Monitoring & Surveillance ( M & S Division )
       iii) Awareness,       Training     and       Intermediary      Registration      and IT
            (IR Division)
       iv) Investigation, Vigilance and Legal Affairs Division (Legal Affairs Division)
       v) Commission Secretariat including HR, Administration and Finance, Grievances
            (Administration Division)

   Each Division is headed by a Director, assisted by Deputy Directors, Assistant Directors,
Economic Officers and Junior Research Assistants.


                                         COMMISSION




   Division – I          Division – II       Division – III        Division-IV          Division V
    Division of            Market             Awareness,         Investigation,        Commission
    Markets,             Intelligence,       Training and        Vigilance and         Secretariat
   Trading and           Monitoring &                             Legal Affairs       including HR,
                                             Intermediary
   Development           Surveillance         Registration          Division          Administratio
     (Market                (M& S               and IT           (Legal Affairs        n & Finance
    Division )             Division)                                Division)          Grievances
                                                                                          (ADM
                                                                                         Division)




Regulatory Tools:

                                                                                              5
1.10 Futures trading has the risk of being misused by unscrupulous elements. In order to
safeguard the market against such elements, regulatory measures as under are prescribed by the
Forward Markets Commission:-

       (a) Limit on open position of an individual operator as well as member, to prevent over
           trading;
       (b) Limit on daily price fluctuation, to prevent abrupt upswing or downswing in prices;
       (c) Special margin deposits to be collected on outstanding purchases or sales, to curb
           excessive speculative activity, through financial restraints;
       (d) During times of shortages, the Commission may even take more stringent steps like
           skipping trading in certain deliveries of the contract, closing the markets for a
           specified period and even closing out the contract to overcome emergency
           situations.

1.11 Major Initiatives taken by the Government / Commission since liberalization of the
     market.

    Prohibition on futures trading lifted in all the commodities on 1st April 2003.

       Three Multi-Commodity electronic Exchanges, i.e., National Multi Commodity
       Exchange, Ahmedabad (10.1.2003), Multi Commodity Exchange, Mumbai (26.9.2003)
       and National Commodity and Derivative Exchange, Mumbai (20.11.2003) were granted
       recognition as 'National' Exchanges during 2003. On 14th May 2008, the commission had
       issued guidelines on setting up of new National Multi Commodity Exchanges to further
       strengthen the infrastructure in Commodity Derivative Market. Inter alia, it prescribed the
       framework for share holding pattern of a new National Multi Commodity Exchange. A
       fourth National Exchange namely, Indian Commodity Exchange, NCR, Gurgaon was
       granted recognition under these guidelines on 09.10.2009. These exchanges can offer
       futures contracts in all the commodities subject to the approval of the Commission.
       Besides these, there are 17 other exchanges recognized for futures trading in specific
       commodities, generally reffered to as Regional Exchanges.

    After a ban of more than four decades, futures trading in gold and silver for the first time
     commenced at National Multi Commodity Exchange, Ahmedabad on 3.10.2003. Multi
     Commodity Exchange, Mumbai and National Commodity and Derivative Exchange,
     Mumbai also launched futures trading in gold and silver on 10.11.2003 and 15.12.2003
     respectively.

    Improvement of Regulatory Framework and Re-structuring of Forward Markets
     Commission The F.C (R) Act enacted in 1952 does not meet the regulatory needs of a
     modern electronic market. Hence, the regulatory framework needs to be overhauled to
     bring it on par with those of similar regulators like SEBI, etc. and also to restructure and
     strengthen the Forward Markets Commission to meet the regulatory challenges. Hence, a
     Bill proposing amendments to F.C (R) Act has been approved by the Cabinet which, inter
     alia, provides for –
           Defining forward contract so as to include other commodity derivatives, definition
              of intermediaries, etc.
           Composition and functioning of FMC.
           Financial and administrative autonomy of the Commission so as to provide for
              recruitment of its officers and its employees, management of the affairs to vest
              with the Chairman, accounts and audits, and creation of an „FMC General Fund‟
              to which all receivables except penalties will be credited. The FMC General Fund
              shall be used for the management of the affairs of the Commission and to enforce
              the provisions of the F.C(R)Act, 1952.
                                                                                                6
                 Levying of fees on intermediaries to finance the Commission activities.
                 Allowing trading of options and other derivatives in goods.
                 Provide for corporatisation and demutualization of commodity exchanges.
                 Strengthening the penal provisions.
                 Constitution of Forward Markets Appellate Tribunal.
                 Provision for grant by the Central Government to meet transitional financial needs
                  of FMC.

1.12. Major Regulatory Initiatives taken by Forward Markets Commission during 2009-10.

               The Commodity futures market witnessed rapid growth since the opening of market
                in 2002. The National Commodity Exchanges viz. MCX, NCDEX and NMCE have
                completed 5 years in their operations in Commodity Derivative Market. The
                Commission had also been issuing, from time to time, guidelines and directions to
                these exchanges in respect of better governance, transperancy and investor
                confidence in Commodity Derivative Market.
               A revision was proposed in the framework of share holding pattern of National
                Multi Commodity Exchanges who have completed 5 years of the their operation in
                the commodity derivative market to bring them, as far as practicable, in alignment
                with the guidelines of 14th May 2008 issued for new National Exchanges.
                Therefore, all the pre-2008 National Commodity Exchanges were directed to align
                their share holding pattern as per the directions of the guidelines issued by the Govt.
                of India on 29th July 2009 after completion of the fifth year of their operation are
                given in Annexure V.
               The Ministry of Consumer Affairs, Food and Public Distribution, Government of
                India, on 9th October 2009, granted recognition to M/s. Indian Commodity
                Exchange Limited (ICEX), NCR, Gurgaon, on permanent basis in respect of
                forward contracts in all the commodities in which Section 15 is applicable and the
                commodities to which neither Section 17 nor Section 15 of FC(R) Act, 1952 is
                applicable, with prior permission of the FMC.
               The entities participating in the commodity derivatives market also operate like the
                intermediaries in other segments of the financial system and are exposed to similar
                risks as interdediaries in other segments of financial market. Hence in order to avoid
                money laundering threats, the Commission issued Guidelines for bringing members
                of the commodity exchanges under the purview of the anti Money Laundering.
               The Forward Markets Commission undertook various regulatory initiatives to
                improve the delivery system at the Commodity Exchanges which would facilitate
                the participation of hedgers in these markets. The major Regulatory initiatives taken
                during the year in this regard are:

                            Introduction of Exchange for Physicals (EFP) and Alternate Future
                             Settlement Mechanism (AFS):
                            Higher Position limits for NAFED to facilitate hedging and delivery by
                             them.
                            Introduction of early delivery system in select commodities to
                             facilitate hedging operations and encourage physical delivery.

       Besides, the Commission continued to regulate the markets effectively and intervened in
the markets as and when required by way of revising position limits, margins etc.

1.13. Collaboration with International Regulators:

        In order to strengthen its regulatory arm, FMC took steps for collaborating with regulators
in other countries. FMC is also an associate member of IOSCO, an international organization of
Security and Commodities Market Regulators. In addition, FMC has also signed Memorandum of
                                                                                                     7
Understanding with the United States Commodity Futures Trading Commission (USCFTC) and
the China Securities Regulatory Commission (CSRC). The Commission in January 2010 also
signed MOU with the Commissao de Valores Mobiliarios – CVM (Securities and Exchange
Commission of Brazil), Brazil.

1.14.   Developmental Initiatives taken by Forward Markets Commission

        The Commission has taken the following steps in recent years to ensure that the markets
are broad based and its benefits reach all the stakeholders of the Commodity Markets.
             Promoting the participation of hedgers (producers, processors, exporters,
                importers, etc.) to counter balance the speculative element in the price discovery.
             Increasing the awareness level of different category of stakeholders especially
                farmers to make them aware of the existence of as well as benefits from the
                futures markets, sensitization of policy makers and capacity building in the
                commodity sector.
             Working on various models of “Aggregation” to enable the farmers to take the
                benefit of actual hedging on the Commodity Exchanges to manage their price
                risks.
             Working on a project of Price Dissemination through APMCs and other centers
                to empower the farmers with price information.
             Meeting with various stakeholders to understand their difficulties, problems and
                felt needs so as to align/ design policies to feasible/ desirable objectives.

1.14.1. Promotion of Hedgers‟ participation:

        The Commission has taken various measures to promote participation of Hedgers in the
commodity futures markets. In order to understand the regulatory areas that required modification
for facilitation of greater hedgers‟ participation in the commodity futures market, periodic
discussions are held with exchanges and stakeholders. Besides these regular discussions, several
meetings have been held with the corporate houses at the all India level to take their suggestions
for improving hedgers‟ participation in agri-commodities, metals and energy products.

        Based on the feed back received during the meetings and market intelligence gathered, the
Commission has taken several proactive steps to facilitate hedgers participation including focusing
on the delivery system of the Exchanges, expanding delivery period, direct delivery, permitted
exchange for physicals (EFP), at MCX and Alternate Futures Settlement (AFS) at NCDEX altered
duration of contracts, quality related issues and relaxing near-month open interest limit in certain
commodities in which the hedgers were facing difficulties in giving adequate physical delivery in
case of adverse price movement.

1.14.2. Creation of Awareness:

        Creation of awareness amongst the farmers, related bodies and organizations including the
ones which could be potential hedgers / aggregators and other market constituents has been one of
the major activities of the Commission in last three years. During 2009-10, 515 awareness
programmes were conducted for various stakeholders of the commodity futures market. Of this,
423 programmes were held exclusively for farmers. In the previous year, (2008-09) 197 awareness
programmes were held, of which 107 were held exclusively for the farmers. The programmes were
being conducted at different locations all over the country. These awareness programmes were
attended by different category of market participants ranging from farmers, traders and members
of Commodity exchanges to bankers, cooperative personnel staff and students of Universities,
Government functionaries, warehouse professionals, agricultural extension makers etc. These
awareness programmes have resulted in creating awareness among the various constituents about

                                                                                                  8
commodity futures trading and the benefits thereof. The programmes were organized in
association with various organizations/universities having connectivity with the farmers, viz.
agricultural universities, NIAM, NABCONS/ NABARD, MITCONS, farmer cooperatives and
federations, GSKs, CIFA, National & Regional Based Commodity Exchanges, etc.

1.14.3. Sensitization of officers involved in policy making for Agricultural Sector:

         Sensitization programmes have been organized by the Commission for senior State
Government and Central Government functionaries. During the year, 5 such sensitization
programmes were organized at IIM, Bangalore and IICM, Navi Mumbai. The objective of the
programmes was to create awareness among the senior Central Government and State Government
officers from the Departments of Civil Supplies, Agriculture, Cooperation, Marketing Federations,
etc., about the concept and economic functions of the futures market the possible role they can
play to promote and facilitate participation by various stakeholders, especially farmers, in the
commodity futures market, and the use of price information emanating from the futures market in
their related policy making decisions.

1.14.4. Capacity Building Training Programmes

         FMC has been organizing training programmes for market constituents and their officers
as part of its capacity building endeavors. The capacity building efforts of the Forward Markets
Commission are meant to complement the awareness creation activities of the Commission.
Training on Commodity Futures Market is being imparted to policy makers, university staff,
students, extension workers, farmer federations, Cooperatives, banks and officers of agencies
working at the grass root level to enable them to educate market participants about the economic
significance of the market and means of participation in the market. Special training programmes
are being organized for trainers who may take up the responsibility of educating the farmers about
the futures market.

        In the year 2009-10, FMC organized 63 capacity building programmes the training
programmes, workshops and seminars were organized for the benefit of the functionaries of the
above organizations through various Institutes such as VAMNICOM, Pune; IICM, Navi Mumbai,
N.G.Ranga University, Hyderabad, Topic, Gurgon, MANAGE, Hyderabad; Pondichery
University, Indira Gandhi Institute of Cooperative Management, Assam Agricultural University,
Tamil Nadu Agricultural University, Coimbatore; Institute of Cooperative Management, Jaipur,
NIBM, Pune, CAB, Pune, NABARD, etc. Three Capacity Building Programmes were held for
FMC officers and staff to strengthen their capabilities in administration and regulation of market
through Regional Training Centre, Govt. of India Mumbai, Bombay Stock Exchange & Research
Development Association, Jaipur. The programmes are expected to train functionaries of related
organizations with a strong rural presence and working directly or indirectly with farmers, so that
the message of futures market is taken to the grassroots- producers, processors and traders.

1.14.5. Promotion of commodity related education and developing a talent pool:

         Due to the loss of domain expertise over 2 generations on account of ban on futures
trading in the 1960s through the 1980s, at this juncture, the subject of commodity futures trading
is in a way a new subject in India. FMC and the Department of Consumer Affairs had taken up
the matter of introducing courses on Commodity Futures in Universities and Management
Institutes, with the Ministry of Human Resources Development, Government of India.

        The Commission is organizing awareness programmes for faculty and students of Agri-
university management institutes of other colleges in the area of commodity future market to
create awareness and interest in the subject and also expose them to the employment opportunity
available in the sectors.

                                                                                                 9
       During 2009-10, the Commission provided summer internship to twelve students from
KIIT School of Management, Bhuvaneswar, Orissa (2), the Indian Institute of Management,
Ahmedabad (IIM-A) (4), the IIT, Mumbai (1), the Department of Management Sciences,
University of Pune (1), Mahatma Gandhi Institute of Management, Sikar, Rajasthan (1) and N. L.
Dalmia Institute of Management Studies and Research, Mumbai (3).


1.14.6. Aggregation Model for Farmers‟ participation:

     The Commission is making efforts through the National Exchanges to develop a model of
“aggregation”, so that various agencies, viz. Cooperatives, Farmers‟ Associations, State Marketing
Federations, Non-Government Organizations and Banks would be able to act as Aggregators and
take consolidated positions on behalf of groups of farmers to facilitate their hedging operation and
transfer the benefit of futures trading to them. The Exchange, in turn are field testing aggregation
models on a pilot basis in association with NGOs and financial institutions. The Commission has
also taken up the issue with representatives of major cooperatives, marketing federations, NGOs,
Banks and other organization having requisite domain knowledge and experience to act as an
interface and facilitator between the farmers and the futures market. The matter has also been
taken up with the State Governments to elicit their co operation.

1.14.7. Project for Price Dissemination:

         The Forward Markets Commission has, in association with the Commodity Exchanges,
initiated a process of dissemination of futures and spot prices of agricultural commodities at
various mandis, under the AGMARKNET. The FMC proposes to extend the project to post
offices, rural branches of the Banks, warehouses, offices of cooperatives and other areas
frequented by the farmers. The dissemination of price information is expected to help various
hedger groups, especially farmers, in their pre-sowing and post harvest decision making process
and hedging their price risks in the market. The project for dissemination of spot and futures prices
in agricultural commodities of relevance to particular States / areas / mandis is being implemented
in consultation with AGMARK. During the year 2009-10, price ticker boards have been installed
in 183 Mandis spread across 14 States. During the year, 2010-11, it is proposed to install
electronic price ticker Boards in 797 mandis including 92 in the North East Region.

        In addition to this, price tickers of the commodity exchanges are run during news telecasts
on Doordarshan. Besides, future prices discovered in the Exchanges are published in newspapers,
displayed in railway stations and bus stands, rural bank branches are available on mobile phones,
etc. Thus, the opacity of prices that existed earlier has reduced considerably and conditions have
been created for better integration of various spot markets across the nation.

1.14.8. Exhibitions

        The Forward Markets Commission and the National Exchanges participated in three
Exhibitions during the year, with the objective of showcasing the benefits of Commodity Futures
Market to the farmers by means of exhibits and audio-visual presentations. The Exhibitions
included the 2nd International Horti expo 2009 at Pragati Maidan, New Delhi from 5-7 June 2009,
the Agro- Horticulture festival at Cochin from 28-31 August 2009, the 97th Indian Science
Congress Expo 2010 at Trivandrum from 3 rd – 7th January, 2010. The Commission along with the
National Exchanges participated in the Exhibitions by setting up a stall on benefits of commodity
futures market to farmers. The stall attracted a lot of visitors who were able to remove their mis-
perceptions about the functioning and the impact of the market.


                                                                                                  10
1.14.9. Meetings with Stakeholders

        The Commission conducted various meetings with different category of stakeholders of
the futures market to take feed back from them to improve the functioning of the futures markets.
The inputs received during these meetings were utilized while framing the regulatory policies in
the Commission. Such eight meetings were conducted during the year for various stakeholders of
the Commodity Futures Market, including members of national exchanges; Agriculture Sector
based corporate entities, farmer leaders and farmer opinion makers. These meetings served as an
interface between the FMC, the exchanges and the market users to facilitate coordinated efforts for
developing the commodity futures market.


1.15    Inspection of books of accounts of Exchanges and their members:

         The Commission has been inspecting the books of accounts of the Exchange –Members,
particularly of National level Commodity Exchanges, viz. MCX, Mumbai, NCDEX, Mumbai and
NMCE, Ahmedabad on a regular basis since 2006-07. During the year 2009-10, 298 new audits in
the case of members of National Commodity Exchanges were assigned. Besides, audit of 3
National Exchanges and 14 Regional Exchanges were also assigned to the auditors.




                                                                                                11
                                          CHAPTER II

      DEVELOPMENTS IN THE COMMODITY DERIVATIVE MARKET 2009-10

2.1     During the year 2009-10, forward trading in 109 commodities, as given in Annexure I,
was regulated at the 4 national exchanges, viz. Multi Commodity Exchange, Mumbai; National
Commodity and Derivatives Exchange, Mumbai, National Multi Commodity Exchange,
Ahmedabad and Indian Commodity Exchange, Gurgaon. Besides, there are 17 regional exchanges
recognized for regulating trading in various commodities approved by the Commission under the
Forward Contracts (Regulation) Act, 1952.

2.2 The National Exchanges, with the adoption of modern technology, have spread the facility
of commodity futures trading across the country. The total value of trade for the entire financial
year 2009-10 was Rs. 77.65 lakh crore as against Rs.52.49 lakh crore in the preceding financial
year, registering a growth of 47.93%. Bullion, base metals, energy products and agricultural
commodities were the major group of commodities traded at the exchanges. Amongst these, gold,
silver, copper, lead, Nickel, zinc, chana, soy oil, guarseed, jeera, pepper and energy products were
prominent commodities traded during the year. The year 2009-10 saw the resurgence of
agriculture commodities in the commodity futures platform. The total value of trade in agricultural
commodities during the year was Rs. 12.18 lakh crore as against Rs. 6.27 lakh crore in 2008-09
indicating a growth of 94.26% over the year. During the period, futures trading was permitted in
the following new commodities viz: Almond, and Menthol Flakes (MCX Mumbai), Platinum,
Natural Gas, Gasoline, Short Term CER Certified Emission Reduction, Heating Oil, and Lead
(NCDEX, Mumbai).

2.3    During 2009-10, the Commission focused its activities on the regulation of futures trading
in commodities, spreading awareness amongst the various stakeholders through various awareness
and capacity building programmes and initiation of the Price Dissemination Project at APMC
Mandis. The Commission also took steps to promote the participation of hedgers through a series
of regulatory and developmental initiatives.

2.4      In the coming years, the priority of the Commission will be to consolidate the market;
strengthen regulation to generate confidence amongst the participants and keep the market free
from manipulation and abuses; increase awareness of the stakeholders especially the farmers;
empower the farmers with price information and identify, encourage and facilitate intermediaries
such as aggregators to facilitate the participation of farmers in the market for hedging.

2.5     The endeavor of the Commission has been to prevent market manipulation and ensure
market integrity, financial integrity and customer protection. Inspite of severe resource constraint,
especially in terms of manpower, the Commission is trying its best to achieve these objectives.

       The important developments in the commodity derivative market during 2009-10 are
enumerated below:

2.6     Important Developments in the Commodity Derivative Markets:

2.6.1 During 2009-10, forward trading was regulated in 109 commodities at 21 recognized
exchanges. The break up of the total value of commodities traded stood as under-
     Bullion - Rs.31.64 lakh crore. (40.75%)
     Base metals - Rs.18.02 lakh crore. (23.20%).
     Energy products - Rs.15.78 lakh crore (20.32%)
     Agricultural commodities-Rs.12.18 lakh crore (15.69%).



                                                                                                  12
2.6.2 Out of 21 recognized exchanges, Multi Commodity Exchange (MCX), Mumbai, National
Commodity and Derivatives Exchange (NCDEX), Mumbai, National Multi Commodities
Exchange, (NMCE), Ahmedabad, Indian Commodity Exchange, Ltd., Gurgon, National Board of
Trade (NBOT), Indore, contributed 99.62% of the total value of the commodities traded during the
year.

2.6.3   The share of various Exchanges in the total value of trade in 2009-10.

              Value of the recognized Exchanges during 2009-10
                 Name of the        Value in Rs. cr.  % share to
                 Exchanges                             the total
                                                     value of the
                                                     commodities
                                                        traded
                                                        during
                                                       2009-10
              MCX                         6393302.17         82.34
              NCDEX, Mumbai                917584.71         11.82
              NMCE,
              Ahmedabad                    227901.48               2.94
              ICEX, Gurgaon                136425.36               1.76
              NBOT, Indore                  60449.52               0.78
              Total of five
              Exchanges                   7735663.24              99.64
              Others                        29090.81               0.36
              Grand Total                7764754.050                100




                      %share of the com m odity exchanges to the total value of
                                       com m odities traded

                         1.76           0.78                  0.36

                     2.94

                       11.82


                                                              82.34
                        MCX, Mumbai                     NCDEX, Mubai
                        NMCE, Ahmedabad                 ICEX, Gurgaon
                        NBOT, Inore                     others




2.7     Regulatory initiatives taken by the Forward Markets Commission:

2.7.1. Grant of Recognition/Renewal of recognition to the recognized Associations/
Exchanges and grant of permissions to trade in the commodities;




                                                                                             13
a)       Grant of recognition to ICEX:
         On the recommendations of the Forward Market Commission, the Ministry of Consumer
Affairs, Food and Public Distribution, Government of India, on 9th October 2009, granted
recognition to M/s. Indian Commodity Exchange Limited (ICEX), NCR, Gurgaon, on permanent
basis in respect of forward contracts in all the commodities in which Section 15 is applicable and
the commodities to which neither Section 17 nor Section 15 of the FC (R) Act, 1952 is applicable,
with the prior permission of the FMC.

b)       Renewal of recognition:

       During the year, on the recommendations of the Commission, the Government of India
renewed the recognition of the following Associations / Exchanges.

    S.        Name of the Exchange               Period of renewal of        Date
                                                    recognition &
No.
                                               commodities permitted
1        National Board of Trade, Indore     1.6.2009 to 28.2.2010    25th May 2009
                                             Soybean, refined Soy oil
                                             and Soy meal
2        Bikaner Commodity        Exchange   20.1.2010 to 19.1.2011         6th January,2010
         Ltd., Bikaner                        Guarseed


3        Rajkot Commodity         Exchange   15.3.2010 to 14.3.2011         10th February,2010
         Ltd.,Rajkot                         Soybean oil


4        Rajkot Commodity         Exchange   1.4.2010 to 31.3.2013          15th February,2010
         Ltd.,Rajkot                         castorseed


5        National Board of Trade, Indore     1.3.2010 to 30.6.2010    22nd February,2010
                                             Soybean, refined Soy oil
                                             and Soy meal
6        The Surendranagar Cotton Oil &      1.4.2010 to 31.3.2013          3rd March,2010
         Oilseeds    Association   Ltd.,     Kapas
         Surendranagar
7        East India Jute &       Hessian 1.4.2010 to 31.3.2011     8th March,2010
         Exchange Ltd., Kolkata           Jute goods : Hessian &
                                          Sacking (TSD)
                                          7.4.2010 to 6.4.2011
                                          Raw Jute (futures)
8        Bhatinda Om & Oil Exchange Ltd., Recommended not to renew 23rd March,2010
         Bhatinda                         the recognition




c)       Derecognition of the Bhatinda Om and Oil Seeds Exchange Ltd., Bhatinda:

       On the recommendations of the Forward Markets Commission, the Government of India
allowed the recognition of the Bhatinda Om and Oil Seeds Exchange Ltd., Bhatinda to lapse after
31st March 2010. With this, the total number of recognized exchanges as on 31st March 2010

                                                                                               14
becomes 21 out of which 17 are regional based exchanges and 4 are National Multi Commodity
Exchanges. The list of recognized exchanges is at Annexure II.


d)       Renewal of Registration of the Commodity Exchanges:
       The Commission, in exercise of its powers conferred under Section 14(B) of the Forward
Contracts (Regulation) Act, 1952, extended the period of registration of the following associations
/ Exchanges analogous to the period of recognition.

S. No.    Name of the Exchange            Period of renewal of                Date
                                          registration             &
                                          commodities permitted
1         The Haryana Commodities Ltd., 13.1.2009 to 12.1.2012                2nd June, 2009
          Sirsa                           Mustardseed
                                          1.11.2008 to 31.10.2011
                                          (Cottonseed oil cake )
2         First Commodity Exchange of 1.2.2009 to 31.1.2012                   21st July, 2009
          India Ltd., Kochi               Coconut oil, Copra & its oil
                                          cake
3         Bikaner Commodity Exchange 20.1.2007 to 19.1.2010                   21st July, 2009
          Ltd., Bikaner                   Guarseed, Guargum & gram
4         National Board of Trade, Indore 1.6.2009 to 28.2.2010               21st July, 2009
                                          Soybean, refined Soy oil
                                          and Soy meal
5         East India Jute &         Hessian 1.4.2009 to 31.3.2010  18th August, 2009
          Exchange Ltd., Kolkata            Jute goods : Hessian &
                                            Sacking(TSD)
                                            7.4.2009 to 6.4.2010
                                            Raw Jute (futures)

e)      The Commission granted fresh permission to trade in newly introduced futures contracts.
Viz Almond, Yellow Peas, Potato at MCX, Mumbai and Platinum, Mentha oil, Gasoline, Heating
Oil an LED at NCDEX, Mumbai.

f)     The Commission granted permission for trading in commodities to recognized
Associations/Exchanges as detailed in Annexure III(A) & (B).

2.7.2    (a)   Suspension of futures contracts in sugar.

          Considering the concerns of the Govt. about the escalating prices of sugar and to address
the perception in certain quarters, that futures trading leads to price rise, the FMC as a measure of
abundant caution suspended the futures trading in sugar from 26.05.2009 to 31.12.2009 and
directed the Exchanges not to launch new sugar contracts Suspension was later, further extended
till 30th September 2010.

         (b)    Revoking suspension of futures trading in Wheat.

      The futures trading in wheat, which was suspended on 27th February 2007, was restored by
the FMC on 15th May 2009.




                                                                                                 15
2.7.3   Revision in Regulatory Measures :

        The Commission kept a close watch on the trading activities and took necessary action by
way of revising from time to time regulatory measures such as revision in the limit on open
position, daily price limits, imposition of additional margin etc.

A. Revision in limit on open position:

(a)     Fixation of near month position limits in sugar M and Sugar S:
        In order to control the holding position of the market participants following shortage of
sugar the Commission on 4.5.2009 fixed near month limits of 6000 MT for both Sugar M and S
contracts traded at the National Exchanges for implementation with effect from 21st May, 2009.

(b)     Fresh Positions in internationally referenceable contracts:
         The Commission examined the proposal to allow members to take fresh position during
the delivery period till the expiry of the contract and permitted them to take that fresh position in
internationally referenceable commodities during the delivery period till the date of expiry
of the contact. Since settlement prices of international reference able commodity contracts are
fixed on the basis of international prices, the Commission on 5.6.2009 allowed members of
National Commodity Exchange, to take fresh positions in internationally referenceable
commodities viz. Platinum, CER, CFI, ATF,CPO, Gold HNI, Silver, Mini/HNI, Heating Oil,
Gasoline, Gold International and Silver International till the date of expiry of these contracts.

(c)     Revision in position limits for NAFED:

        The Commission, to encourage participation of NAFED in futures trading in agricultural
commodities with the intention of transferring the benefits of futures trading to farmers issued
guidelines on 30th June, 2009 for allowing separate position limits to the NAFED and its branches
for implementation with effect from August 2009. Guidelines issued in this connection are given
in Annexure IV.

(d)     Increase in the open position limits in Cotton Long Staple contract:
        The Commission, on 1st February 2010, revised the open position limits for aggregate and
  near month futures contract of Cotton Long Staple for implementation with effect from 1 st
  March 2010.

            Commodity       Unit                  Open Interest Limits
                                      Aggregate          (all Delivery    (near)
                                      contract) months        month
                                      Member       Client     Member     Client
            Cotton Long     Bales     1,50,000 or 50,000      30,000 or 10,000
            Staple          (170      15% of the              15% of the
                            Kg.)      market                  market
                                      wide open               wide open
                                      position                position
                                      whichever               whichever
                                      is higher               is higher


(e)     Prescription of absolute limits on open position for Copper and Nickel contracts:
        The Commission on 17th February, 2010 prescribed absolute limits on open position in
respect of Copper and Nickel contracts for implementation with effect from 1st March 2010.

                                                                                                  16
                Commodity                    Aggregate OI (MT)
                                            Member               Client
                Copper           6000 MT or 15% of the market 2000 MT
                                 wide open position whichever is
                                 higher
                Nickel           600 MT or 15% of the market 200 MT
                                 wide open position whichever is
                                 higher

Earlier only market wide open position limits were in existence in these contracts.
(f)     Change in the open position limits in Wheat contract:
       The Commission, on 3rd March 2010, revised the open position limits for aggregate and
near month futures contract of Wheat for implementation with effect from 1st April 2010.

      Commodity                           Open Interest Limits (MT)
                      Aggregate (all contract) months     Delivery (near) month
                      Member            Client            Member           Client
      Wheat           40,000 or 15% 8,000                 15,000 or 15% 3,000
                      of the market                       of the market
                      wide      open                      wide      open
                      position                            position
                      whichever     is                    whichever is
                      higher                              higher


(g)     Change in open position limit in Crude Palm Oil contract:
       The Commission, on 8th March 2010, revised the open position limits for aggregate and
near month futures contract of Crude Palm Oil for implementation with effect from 1st April 2010.

       Commodity  Aggregate OI limits (In MT)               Near month OI limits (In MT)
                  Member          Client                    Member             Client
       Crude Palm 60,000 or 15% 20,000                      18,000 or 15% of 6,000
       Oil        of the market                             the market wide
                  wide      open                            open     position
                  position                                  whichever       is
                  whichever    is                           higher
                  higher


(h)     Hedge positions on the short side to the processors
         After examining the request of the two processors viz., Tinna Oil and Chemical Ltd. and
ITC Limited for granting hedge exemptions on the short side in Soybean, the Commission, on 17th
November 2009 granted hedge exemptions on the short side to the said processors, subject to
certain conditions for the 2008-2009 season till 31st March 2010.

B.      Changes in the daily price limit of Expansion of CPO contracts:

       The Commission examined the daily price fluctuation in the CPO contract, and on 4th
August 2009, increased the limit on daily price fluctuation in respect of CPO contracts traded at
MCX and NMCE to 3% initially and with a break of 15 minutes to 1% more (3%+1%=4%).

C.      Imposition of additional margins in Potato hedge contracts.
                                                                                              17
        Considering the volatility in the prices of Potato, the Commission on 24th July 2009
imposed an additional special margin of 20% on traders with long position on all running contracts
of Potato and the contracts yet to be launched in the said commodity. This margin was to be
collected in cash. The directives were made effective from 27th July 2009.

D.      Extension of Early Delivery System
        The Commission on 27th August 2009, after considering the requests of the National
exchanges, extended the benefits of Early Delivery System to the Guarseed contracts with effect
from the date of the contracts expiring from October 2009.

2.7.4   Upgradation and transformation of Ahmedabad Commodity Exchange
        The Commission, on 14th May 2009, conveyed the in-principle approval of the
Government to the Ahmedabad Commodity Exchange, Ahmedabad for its upgradation and
transformation to the status of a Multi Commodity National Exchange, as Ahmedabad Commodity
Exchange Limited (“new company”) subject to certain conditions. Some of the main conditions
imposed were as follows:

        (i)      The authorized equity share capital of the new company not to be less than Rs.100
        crore,
        (ii)   The equity fund of the company (paid up equity capital and share premium paid in
        cash only) to be not less than Rs.100 crore,
        (iii) The subscribed and paid up equity capital to be not less than Rs.50 crore,
        (iv) Allocation of the equity shares to the existing members to be restricted to a
        maximum of 23% before recognition and subject to certain conditions,
        (v) Atleast 26% equity capital to be allotted to entities mentioned in 5.3(a) and
        5.3(b)(ii) of the of the Guidelines for new National Exchanges dated 14th May 2008,
        (vi) No individual to hold more than 1% of the paid up equity capital of the Exchange
        and the total of such individual holdings not to exceed 25% of the paid up capital of the
        New Company,
        (vii) The shareholding of anchor investor, i.e. M/s. Kotak Mahindra Bank Ltd., either
        individually or together with persons acting in concert with it, to be not more than 51% at
        the time of recognition of the Exchange as a multi commodity National Exchange. Which
        would be brought down to 40% within one year from the date of recognition and further to
        26% or less within two years beginning with the 4th year from the date of recognition of
        the Exchange and, thereafter, to a level as may be specified in by the Government/FMC
        from time to time,
        (viii) Shareholding of the following categories of shareholders in the Exchange to the
        extent indicated below to be subject to a lock-in period of 3 years from the date of
        recognition as a multi-commodity National Exchange:
               (a) Anchor-Investor to the extent of 40%,
               (b) Other shareholders other than member – shareholders.
        (ix)     Each Investor in the new company to be a fit and proper person. The criteria for
        fit and proper person would be as specified in the guidelines for new National Commodity
        Exchanges dated 14.5.2008,
        (x)Settlement Guarantee Fund and Investor Protection Fund to be created as per the
        guidelines by the FMC issued from time to time.




                                                                                                18
2.7.5   Guidelines for Equity Structure of National Commodity Exchanges:

         With the approval of the Ministry, the Commission on 4th August 2009 issued guidelines
on the equity structure of the Nationwide Multi-Commodity Exchanges after 5 years of their
operation.The Guidelines for grant of recognition to the new national commodity exchanges and
the guidelines on the equity structure of nationwide multi commodity exchanges after five years of
their operation are at Annexure V-A & B.

2.7.6   Guidelines on Dealings in Cash with Members
     The Commission, on 23 rd July 2009, issued the following directions to all National
Commodity Exchanges with respect to dealing in cash with the members.

        (i)      Members should not accept cash from the client whether against obligations or
        as margin money for trading in commodity derivatives,
        (ii)     All payments should be received /made by the members from/to the clients
        strictly by account payee crossed cheques/ demand drafts or by way of direct credit into
        the bank account through EFT, or any other mode allowed by RBI. The members should
        accept the cheques drawn only by the clients and also issue cheques in favour of the
        clients only, for their transactions. However, in exceptional circumstances, the members
        may receive the amount in cash to the extent not in violation of the provisions of Income
        Tax Act, as may be in force from time to time.
        (iii)     The Exchanges should make necessary amendments to their relevant bye-laws,
        rules and regulations and circulars for the implementation of the above directions
        immediately, and, prescribe suitable penal action for the violation of the above provisions,

2.7.7   Uniform Penalty for National Exchanges:

         The Commission examined the penalties imposed by the National Exchanges on the
members for various irregularities, shortcomings and thereafter rationalized the entire penalty
structure. A two– pronged approach was followed, i.e. it was ensured that the penalties would be
adequate so to act as a deterrent and would be uniform across the exchanges so as to rule out the
possibility of regulatory arbitrage. Special attention was paid to the penal provisions related to
client protection. The Commission, on 5th March 2010, notified the uniform penalty structure for
proper regulation of the markets in an equitable manner and to discourage malpractices. In
addition to the financial penalties, the Exchanges were also directed to deactivate the trading
terminals of the members and initiate disciplinary measure, which may culminate into suspension
of membership.

        The Commission felt that the interest of market participants would be well served in case
the uniform penalty structure is implemented in its true spirit by the Exchanges. The details of
penalties are annexed at Annexure VI.

2.7.8   No extension of Trade Timing due to Sun Outage

         The Commission, on 18th September, 2009, directed all National Multi Commodity
Exchanges to decide upon the suspension of the trading during „Sun Outage‟, taking in
consideration the connectivity used by the Exchange and its members during the period from 22nd
September 2009 to 9th October 2009 (both days inclusive). However, there would be no extension
of the trade timings beyond normal timings in that period.

2.7.9   Exchange of Futures for Related Physicals (EFP)
        The Commission on 12th October 2009 approved the proposal of the MCX for
introduction of EFP transactions. The EFP scheme was approved for implementation in Gold and

                                                                                                 19
Gold Mini, Silver and Silver Mini, Copper, Zinc, Nickel, Lead, Aluminums, Chana, Mentha Oil
and Wheat contracts w.e.f. 1st November 2009.


2.7.10 Alternate Futures Settlement transactions
        The Commission on 12th October 2009 approved the proposal of the NCDEX for
introduction of Alternate Futures Settlement transactions in five commodities viz., Soybean, Steel,
Guarseed, Rape/mustardseed and Cotton w.e.f. 1st November 2009.

2.7.11 Inactive Client Account
         After inspection of the members of the National Exchanges it was observed by the
Commission that there were large number of inactive clients and there was lack of awareness
about when to consider an account as “inactive”. The Commission, therefore, on 7th December
2009, re-iterated its earlier directives with regard to inactive client accounts and directed, inter
alia, that those clients who have not operated their account during the last six months may be
considered as inactive client.

2.7.12 Registration of Members of the recognized Exchange :

        The system of membership registration continued during the period. The total number of
members registered up to March 2010 was 4809. The total number of intermediaries registered up
to March 2010 was 206, of which 33 were warehouses and 173 were others (viz. Depository
Participants, Clearing Banks, Assayers & others).


2.8       Developmental Measures:

          The developmental measures taken by FMC during the year aimed at;

       Strengthening regulatory mechanism by regular interaction with various market
        constituents and entering into international collaborations.
       Increasing participation in the market by creating awareness of the practices prevalent and
        the economic functions of the market.
       Building the capabilities of the futures industry in the country by attracting trained
        manpower.
       The developmental initiatives of the FMC comprise conducting of awareness
        programmes, meetings with stakeholders, conducting training programmes, tie ups with
        educational institutions, conducting studies and collaboration with international regulators.

2.8.1     Meeting with the various stakeholders/conferences:

           The Commission conducted various meetings with different category of stakeholders of
      the futures market to take feed back from them to improve the functioning of the futures
      markets. The inputs received during these meetings were utilized while framing the regulatory
      policies in the Commission. Some important meetings held are as under:
       A meeting with the South Zone Members of the National Exchanges was held on 3 rd July
          2009 concerning members from the states of Karnataka, Kerala, Tamil Nadu and Andhra
          Pradesh.
       A meeting with the West Zone Members of the Nationa l Exchanges was held at Mumbai
          on 31st July 2009. The meeting was attended by senior officers of FMC, the top
          management teams of the three National Exchanges and 30 members of the National
          Exchanges functioning in the State of Maharashtra, Gujarat and Madhya Pradesh.
       A meeting with the corporate entities in the Agri-Business sector was held at Hyderabad
          on 28th October 2009 to get their feedback on the benefits that had accrued to the

                                                                                                  20
          participants by hedging on the exchange platform and the policy initiat ives required for
          enhancing their participation.
         A conference of prominent farmer representatives and farmer opinion makers was
          organized at New Delhi on 24.11.2009, to brief them about the functioning of the
          Commodity Futures Market and to elicit their views on how farmers can benefit from this
          market.
         A meeting with the East Zone Members of the National Exchanges was held at Kolkata
          on 18th February 2010 concerning members from West Bengal. The Meeting was
          attended by senior officers of the FMC and the National Exchanges.
         A meeting of the FMC and the National Exchanges with the trade and Manufacturers‟
          Association was held at Mumbai on 22nd March 2010. The meeting was attended by
          representatives of trade and manufacturers association.
         A meeting with the National Commodity Exchanges viz. MCX, NCDEX, NMCE, ICEX
          corporate sector (Metals) members of National Commodity Exchanges and the Forward
          Market Commission was held at Mumbai on 26th March 2010. A meeting was attended by
          the representatives of 15 corporate representatives from metal sectors, representatives of
          the National Commodity Exchanges and the senior officers of the FMC.
         The Forward Markets Commission, in association with the National Commodity
          Exchanges, organized a meeting with the members of the North Zone on 30th March 2010
          at New Delhi. A meeting was attended by the representatives of the exchanges, members
          of the exchanges and the officers of the FMC.
         An interactive meeting with Members of Parliament was organised by the Consortium of
          Indian Farmers Association (CIFA) to discuss developments in the commodity futures
          market at New Delhi on 1st December, 2009. The Forward Markets Commission and the
          National Exchanges were also invited to make presentation in the meeting. A detailed
          presentation on the impact of commodity futures market on pricing of agricultural produce
          was made to the participants.


2.8.2     Awareness programmes.

        During 2009-10, 515 awareness programmes were organized for various participants such
as farmers, processors, exporters; banks warehouse officials, cooperatives, members of exchanges
and their clients. Of these 423 were exclusively for farmers. During 2008-09, 197 awareness
programmes were held, out of which 107 were exclusively held for the farmers. Details of
awareness programmes held during 2009-10 are given in Annexure VII –A & B.

2.8.3     Training/Capacity Building Programmes:

         The Commission has tied up with various training institutions for conducting training to
various segments of the trade. During the 2009-10, 63 training programmes were held for the
benefit of various functionaries and three programmes were held for FMC Officers and staff. The
details of the capacity building programmes held for various functionaries are given in Annexure
VIII.

2.8.4     Monitoring of commodity trading by the Commission:

        The Commission keeps a close watch on the day to day trading activities of the members
of the Exchanges. Necessary clarifications are sought from the concerned Exchanges as and when
required.

2.9       Inspection of books of accounts of Exchanges and their members:

         The Commission has been inspecting the books of accounts of the Exchange Members
particularly of 3 National level Commodity Exchanges, viz. MCX, Mumbai, NCDEX, Mumbai
and NMCE, Ahmedabad on a regular basis since 2006-07. During the F.Y. 2009-10, 298 new
                                                                                                 21
audits of members of the National Commodity Exchanges were assigned. Besides, audit of 3
National Exchanges and 14 Regional Exchanges was also assigned to the Auditors.

2.10   Attending to Client Complaints/Grievances

         The Commission receives complaints from the clients registered with the Exchange
Members alleging unauthorized trades being executed by the Members in their account, contract
notes/account statements not being received from the members, misutilisation of clients‟ money
etc. The complaints are forwarded to the respective exchanges for settling the grievances of the
clients expeditiously. During the year 2009-10, 55 complaints were redressed. During the same
period 90 fresh complaints were received. Several guidelines were issued to the Exchanges to
streamline their systems of redressal of clients grivences.




                                                                                             22
                                               CHAPTER III

                     COMMODITY FUTURES MARKET IN 2009-10– A REVIEW

        The Indian Commodity Futures Markets continued to grow, despite the suspension of
futures trading in a few agricultural commodities. During the year 109 commodities were
regulated under the auspices of the recognized Exchanges. During 2009-10, 21 recognized
exchanges were functioning. Out of the 109 commodities, regulated by the FMC, in terms of value
of trade, Gold, Silver, Copper, Nickel, Zinc, Lead, Guarseed, Soy Oil, Chana, Jeera and Guargum
were the prominently traded commodities.

           Volume of Trading and Val ue of Trade during the year 2009-10 at Major
                                       Commodi ties
                                                   Volume of Tradi ng – In lakh tonne
                                                                    Value - In Rs. Crore
 Sr.No                Name of the Commodity                         2009-10
                                                         Volume            Value
 A             Bullion
       i       Go ld                                        0.126         1997801.0961
      ii       Silver                                       4.600         1165728.5591
     iii       Platinu m                                    0.000             622.5880
                                           Total for A       4.73            3164152.24
 B             Metals other than Bullion
       i       Aluminiu m                                   57.38              53904.46
      ii       Copper                                      325.81             942590.17
     iii       Lead                                        244.50             240268.62
     iv        Nickel                                       33.79             284601.94
      v        Sponge Iron                                   0.00                  0.00
      vi       Steel                                        35.94               8813.97
     vii       Tin                                           0.02                132.84
     viii      Zinc                                        284.48             271324.32
                                           Total for B     981.92            1801636.31
 C             Agricultural commodi ties
       i       Chana/Gram                                  530.42             127950.47
      ii       Urad                                          0.00                  0.00
     iii       Tur                                           0.00                  0.00
     iv        Wheat                                        31.77               4015.01
      v        Rice                                          0.00                  0.00
     vi        Maize                                         8.41                790.56
     vii       Soy Oil                                     500.62             235605.92
     viii      Mentha Oil                                    2.31              13173.04
      ix       Guarseed                                   1226.69             283431.09
    x          Guar Gu m                                    59.46              29593.86
   xi          Potato                                       61.63               4575.74
   xii         Chillis                                       3.68               1998.17
  xiii         Jeera(Cu minseed)                            26.50              33720.04
  xiv          Cord mo m                                     0.28               2503.69
   xv          Pepper                                       19.61              27705.73
  xv i         Rubber                                        5.81               7123.20
  xv ii        other agri                                 1514.02             445762.51

                                                                                            23
     Volume of Trading and Val ue of Trade during the year 2009-10 at Major
                                 Commodi ties
                                             Volume of Tradi ng – In lakh tonne
                                                                   Value - In Rs. Crore
 Sr.No              Name of the Commodity                           2009-10
                                                        Volume             Value
                                        Total for C      3991.21            1217949.04
 D        Energy                                          5162.95           1577882.06
 E        Plastic                                            0.00                 0.00
 F        Other                                               2.12               3134.40
          Grand Total (A+B+C+D+E+F)                      10142.93            7764754.05
 Note: Natural Gas, Electricity & Heating Oil Vo lu mes are not included in the Total
 Vo lu me because Vo lu mes in Natural Gas in mmBtu, Electricity in MW & Heating Oil
 in USGLN at MCX, Mumbai.

       The details of major commodities traded in the top 4 Commodity Exchanges which
accounted for 99 of the total value of trade in 2009-10 are given below:-

I) MULTI COMMODITY EXCHANGE OF INDIA, MUMBAI (MCX)

        During 2009-10, MCX accounted for 82.34% of the total value of trade in the commodity
market. In actual terms the total value of trade in the MCX was Rs. 63.93 lakh crore. During the
year, 43 commodities were traded at the MCX platform. Amongst which predominant
commodities traded during the year were Gold, Crude Oil, Silver, Copper, Natural Gas, Nickel
and Zinc. The total value of trade and percentage share of each of these predominantly traded
commodities at MCX, Mumbai in 2009-10 is given below:

               Total volume and val ue of trade at MCX- 2009-2010
                                                                        share of
                                                       Value-Ra.
 S.No       Commodi ty            Vol-L.T                               value to
                                                       Crs
                                                                        total
 1          GOLD                               0.12      1922207.39            30.07
 2          CRUDE OIL                       5023.45      1219045.51            19.07
 3          SILVER                             4.51      1141707.31            17.86
 4          COPPER                           313.55       903409.43            14.13
 5          NATURA L GA S          15857256250 @          322249.15             5.04
 6          NICKEL                            32.71       275277.35             4.31
 7          ZINC                             272.95       260172.12             4.07
 8          OTHERS                           501.75       349233.91             5.46
 TOTAL                                    6149.034       6393302.17           100.00



@ Volume of trading of Natural Gas not included in the total as the Unit of trading is in mmBtu.




                                                                                               24
The graphical presentation of the percentage share of the prominently traded commodities at MCX
Mumbai is given below.


                               % share of the com m odities traded at the MCX, Mum bai

                                                                                                         Zinc                                   Other
                                               Nickel                                                    4%                                      5%
                                                4%
                                                                                                                                                                                                                                Gold
      Natural Gas
                                                                                                                                                                                                                                31%
          5%


                              Copper
                               14%
                                                                         Silver                                                                                                                                                 Crude oil
                                                                         18%                                                                                                                                                      19%


                             Gold                                                                Crude oil                                                  Silver                                                      Copper
                             Natural Gas                                                         Nickel                                                     Zinc                                                        Other


i) Gold:

        The ready price of Gold, which was quoted at Rs. 15066.00 per 10 gm on 31.03.2009 rose
to Rs. 16300.00 on 31.03.2010, showing a rise of 8.19%. In the futures section, the price which
was quoted at Rs.15132.00 per 10 gm (April 2009 contract) on 31.03.2009 rose to Rs.16295.00
(April 2010 contract) per 10 gm on 31.03.2010 showing a rise of 7.69%.

        The graph indicating the trend of ready and future prices of gold at MCX, Mumbai is
given below.

                                                                                                                                                Spot & Futures prices of Gold at MCX


                           18000


                           17500


                           17000


                           16500
           Rs. per 10 Gm




                           16000


                           15500


                           15000


                           14500


                           14000
                                   31-Mar-09




                                                                         12-May-09

                                                                                     26-May-09




                                                                                                                         7-Jul-09
                                                                                                  9-Jun-09

                                                                                                             23-Jun-09




                                                                                                                                    21-Jul-09




                                                                                                                                                                                                            13-Oct-09

                                                                                                                                                                                                                        27-Oct-09

                                                                                                                                                                                                                                     10-Nov-09

                                                                                                                                                                                                                                                 24-Nov-09

                                                                                                                                                                                                                                                             8-Dec-09

                                                                                                                                                                                                                                                                         22-Dec-09

                                                                                                                                                                                                                                                                                     5-Jan-10

                                                                                                                                                                                                                                                                                                19-Jan-10

                                                                                                                                                                                                                                                                                                              2-Feb-10

                                                                                                                                                                                                                                                                                                                         16-Feb-10

                                                                                                                                                                                                                                                                                                                                     2-Mar-10

                                                                                                                                                                                                                                                                                                                                                  16-Mar-10

                                                                                                                                                                                                                                                                                                                                                              30-Mar-10
                                                                                                                                                                         1-Sep-09

                                                                                                                                                                                    15-Sep-09

                                                                                                                                                                                                29-Sep-09
                                                 14-Apr-09

                                                             28-Apr-09




                                                                                                                                                 4-Aug-09

                                                                                                                                                             18-Aug-09




                                                         SPOT                              4-Apr-09                         5-Jun-09                         5-Aug-09                           5-Oct-09                            5-Dec-09                            5-Feb-10                            5-Apr-10                            5-Jun-10
                                                         5-Aug-10                          5-Oct-10




        The total quantity traded on the Exchange for all contracts of Gold traded was 0.121 Lakh
tonnes valued at Rs. 1922207.390 crore.

ii) Crude Oil
        The ready price of Crude Oil, which was quoted at Rs. 2473.00 per Barrel on 31.03.2009
rose to Rs. 3702.00 on 31.03.2010, showing a rise of 49.70%. In the futures section, the price


                                                                                                                                                                                                                                                                                                                                                                          25
which was quoted at Rs. 2481.00 per Barrel (April 2009 contract) on 31.03.2009 rose to
Rs.3751.00 (April 2010 contract) per Barrel on 31.03.2010 showing a rise of 51.19%.

        The graph indicating the trend of ready and future prices of Crude Oil at MCX, Mumbai is
given below.

                                                                                                                                                                  Spot & Future s price s of Crude Oil at M CX


                            4000


                            3750


                            3500
        Rs. per Barrel




                            3250


                            3000


                            2750


                            2500


                            2250
                                   31-Mar-09




                                                                                                                       9-Jun-09
                                                                                      12-May-09

                                                                                                      26-May-09




                                                                                                                                                    7-Jul-09

                                                                                                                                                                  21-Jul-09
                                                                                                                                     23-Jun-09




                                                                                                                                                                                                                                                                                                   8-Dec-09



                                                                                                                                                                                                                                                                                                                              5-Jan-10



                                                                                                                                                                                                                                                                                                                                                         2-Feb-10



                                                                                                                                                                                                                                                                                                                                                                                      2-Mar-10
                                                                                                                                                                                                                                                 13-Oct-09

                                                                                                                                                                                                                                                             27-Oct-09

                                                                                                                                                                                                                                                                         10-Nov-09

                                                                                                                                                                                                                                                                                      24-Nov-09



                                                                                                                                                                                                                                                                                                                22-Dec-09



                                                                                                                                                                                                                                                                                                                                           19-Jan-10



                                                                                                                                                                                                                                                                                                                                                                       16-Feb-10



                                                                                                                                                                                                                                                                                                                                                                                                     16-Mar-10

                                                                                                                                                                                                                                                                                                                                                                                                                     30-Mar-10
                                                                                                                                                                                                           1-Sep-09

                                                                                                                                                                                                                       15-Sep-09

                                                                                                                                                                                                                                     29-Sep-09
                                                    14-Apr-09

                                                                     28-Apr-09




                                                                                                                                                                                  4-Aug-09
                                                                                  SPOT                                               15-Apr-09
                                                                                                                                                                                              18-Aug-09
                                                                                                                                                                                        15-May-09                                   15-Jun-09                               15-Jul-09                                       14-Aug-09                                 21-Sep-09
                                                                                  19-Oct-09                                          19-Nov-09                                          18-Dec-09                                   19-Jan-10                               19-Feb-10                                       19-Mar-10                                 19-Apr-10
                                                                                  19-May-10                                          21-Jun-10                                          19-Jul-10                                   19-Aug-10                               20-Sep-10




       The total quantity traded in Crude Oil was 5023.451 lakh tonnes valued at Rs.
1219045.513 crore.

iii) Silver
        The ready price of Silver, which was quoted at Rs. 21890.00 per kg on 31.03.2009 rose to
Rs. 26875.00 on 31.03.2010, showing a rise of 22.77%. In the futures section, the price which was
quoted at Rs. 21855.00 per kg (May 2009 contract) on 31.03.2009 rose Rs. 26935.00 per kg (May
2010 contract) on 31.03.2010 showing a rise of 23.24%.

        The graph indicating the trend of ready and future prices of Silver at MCX, Mumbai is
given below.

                                                                                                                                                                                Spot & Futures prices of Silver at MCX


                            30000




                            27500
               Rs. per Kg




                            25000




                            22500




                            20000
                                                                                                                                                       7-Jul-09
                                        31-Mar-09




                                                                                          12-May-09

                                                                                                          26-May-09

                                                                                                                          9-Jun-09

                                                                                                                                        23-Jun-09




                                                                                                                                                                    21-Jul-09




                                                                                                                                                                                                                                                 13-Oct-09

                                                                                                                                                                                                                                                             27-Oct-09

                                                                                                                                                                                                                                                                         10-Nov-09

                                                                                                                                                                                                                                                                                     24-Nov-09

                                                                                                                                                                                                                                                                                                  8-Dec-09

                                                                                                                                                                                                                                                                                                               22-Dec-09

                                                                                                                                                                                                                                                                                                                             5-Jan-10

                                                                                                                                                                                                                                                                                                                                         19-Jan-10

                                                                                                                                                                                                                                                                                                                                                       2-Feb-10

                                                                                                                                                                                                                                                                                                                                                                    16-Feb-10

                                                                                                                                                                                                                                                                                                                                                                                   2-Mar-10

                                                                                                                                                                                                                                                                                                                                                                                                 16-Mar-10

                                                                                                                                                                                                                                                                                                                                                                                                                 30-Mar-10
                                                                                                                                                                                                            1-Sep-09

                                                                                                                                                                                                                        15-Sep-09

                                                                                                                                                                                                                                     29-Sep-09
                                                         14-Apr-09

                                                                          28-Apr-09




                                                                                                                                                                                   4-Aug-09

                                                                                                                                                                                               18-Aug-09




                               SPOT                                  5-May-09                                         4-Jul-09                                 5-Sep-09                            5-Dec-09                           5-Mar-10                           5-May-10                             5-Jul-10                               4-Sep-10                            4-Dec-10




       The total quantity traded in all contracts of silver was 4.508 Lakh tonnes valued at Rs.
1141707.307 crore.


                                                                                                                                                                                                                                                                                                                                                                                                                                 26
iv) Copper
        The ready price of Copper, which was quoted at Rs. 198.85 per kg on 31.03.2009 rose to
Rs. 353.05 on 31.03.2010, showing a rise of 77.55%. In the futures section, the price which was
quoted at Rs. 207.10 per kg (April 2009 contract) on 31.03.2009 rose to Rs. 351.35 per kg (April
2010 contract) on 31.03.2010 showing a rise of 69.65%.

        The graph indicating the trend of ready and future prices of Copper at MCX, Mumbai is
given below.

                                                                                                                                                              Spot & Futures prices of Copper at MCX


                                 400




                                 350




                                 300
             Rs. per Kg




                                 250




                                 200




                                 150
                                       31-Mar-09




                                                                                  12-May-09

                                                                                              26-May-09

                                                                                                             9-Jun-09

                                                                                                                          23-Jun-09

                                                                                                                                      7-Jul-09

                                                                                                                                                 21-Jul-09




                                                                                                                                                                                                                              13-Oct-09

                                                                                                                                                                                                                                            27-Oct-09

                                                                                                                                                                                                                                                           10-Nov-09

                                                                                                                                                                                                                                                                         24-Nov-09

                                                                                                                                                                                                                                                                                       8-Dec-09

                                                                                                                                                                                                                                                                                                        22-Dec-09

                                                                                                                                                                                                                                                                                                                      5-Jan-10

                                                                                                                                                                                                                                                                                                                                   19-Jan-10

                                                                                                                                                                                                                                                                                                                                                  2-Feb-10

                                                                                                                                                                                                                                                                                                                                                                16-Feb-10

                                                                                                                                                                                                                                                                                                                                                                               2-Mar-10

                                                                                                                                                                                                                                                                                                                                                                                              16-Mar-10

                                                                                                                                                                                                                                                                                                                                                                                                              30-Mar-10
                                                                                                                                                                                        1-Sep-09

                                                                                                                                                                                                    15-Sep-09

                                                                                                                                                                                                                 29-Sep-09
                                                    14-Apr-09

                                                                   28-Apr-09




                                                                                                                                                                4-Aug-09

                                                                                                                                                                            18-Aug-09




                                                SPOT                            30-Apr-09                               30-Jun-09                            31-Aug-09                             30-Nov-09                              26-Feb-10                                  30-Apr-10                                   30-Jun-10                                  31-Aug-10



       The total quantity traded in Copper contracts was 313.546 lakh tonnes valued at Rs.
903409.430 crore.

v) Natural Gas
        The ready price of Natural Gas, which was quoted at Rs. 191.00 per mmBtu on
31.03.2009 declined to Rs.178.50 on 31.03.2010, showing a fall of 6.54%. In the futures section,
the price which was quoted at Rs. 190.90 per mmBtu (April 2009 contract) on 31.03.2009
declined to Rs.177.60 per mmBtu (April 2010 contract) on 31.03.2010 showing a fall of 6.97%.

         The graph indicating the trend of ready and future prices of Natural Gas at MCX, Mumbai
is given below.

                                                                                                                                                             Spot & Futures prices of NATURAL GAS at MCX


                                 300


                                 275


                                 250
                 Rs. per mmBtu




                                 225


                                 200


                                 175


                                 150


                                 125
                                        31-Mar-09




                                                                                                                                      7-Jul-09
                                                                                  12-May-09

                                                                                              26-May-09

                                                                                                             9-Jun-09

                                                                                                                          23-Jun-09




                                                                                                                                                 21-Jul-09




                                                                                                                                                                                                                             13-Oct-09

                                                                                                                                                                                                                                           27-Oct-09

                                                                                                                                                                                                                                                         10-Nov-09

                                                                                                                                                                                                                                                                       24-Nov-09

                                                                                                                                                                                                                                                                                      8-Dec-09

                                                                                                                                                                                                                                                                                                     22-Dec-09

                                                                                                                                                                                                                                                                                                                    5-Jan-10

                                                                                                                                                                                                                                                                                                                                 19-Jan-10

                                                                                                                                                                                                                                                                                                                                               2-Feb-10

                                                                                                                                                                                                                                                                                                                                                             16-Feb-10

                                                                                                                                                                                                                                                                                                                                                                            2-Mar-10

                                                                                                                                                                                                                                                                                                                                                                                          16-Mar-10

                                                                                                                                                                                                                                                                                                                                                                                                          30-Mar-10
                                                                                                                                                                                        1-Sep-09

                                                                                                                                                                                                    15-Sep-09

                                                                                                                                                                                                                 29-Sep-09
                                                     14-Apr-09

                                                                    28-Apr-09




                                                                                                                                                                4-Aug-09

                                                                                                                                                                           18-Aug-09




                                                                 SPOT                                     20-Apr-09                      20-May-09                         19-Jun-09                            20-Jul-09                               20-Aug-09                                 25-Sep-09                            27-Oct-09                              23-Nov-09
                                                                 28-Dec-09                                25-Jan-10                      23-Feb-10                         26-Mar-10                            27-Apr-10                               25-May-10                                 25-Jun-10




                                                                                                                                                                                                                                                                                                                                                                                                                          27
       The total quantity traded in Natural Gas contracts was 15,857,256,250 mmBtu valued at
Rs. 322249.149 crore.

vi) Nickel
       The ready price of Nickel, which was quoted at Rs. 479.10 per kg on 31.03.2009 rose to
Rs. 1125.00 on 31.03.2010, showing a rise of 134.96%. In the futures section, the price which was
quoted at Rs. 479.10 per kg (March 2009 contract) on 31.03.2009 rose to Rs. 1125.20 per kg
(March 2010 contract) on 31.03.2010 showing a rise of 134.86%.

        The graph indicating the trend of ready and future prices of Nickel at MCX, Mumbai is
given below.
                                                                                                                              Spot & Future s price s of Nick e l at MCX


                         1200


                         1100


                         1000


                         900
            Rs. per Kg




                         800


                         700


                         600


                         500


                         400
                                                                                            9-Jun-09
                                31-Mar-09




                                                                                                                   7-Jul-09

                                                                                                                               21-Jul-09




                                                                                                                                                                                                                                                                               5-Jan-10




                                                                                                                                                                                                                                                                                                                             2-Mar-10
                                                                    12-May-09

                                                                                26-May-09



                                                                                                       23-Jun-09




                                                                                                                                                                                                                                                      8-Dec-09




                                                                                                                                                                                                                                                                                                      2-Feb-10
                                                                                                                                                                                                      13-Oct-09

                                                                                                                                                                                                                  27-Oct-09

                                                                                                                                                                                                                              10-Nov-09

                                                                                                                                                                                                                                          24-Nov-09



                                                                                                                                                                                                                                                                 22-Dec-09



                                                                                                                                                                                                                                                                                          19-Jan-10



                                                                                                                                                                                                                                                                                                                 16-Feb-10



                                                                                                                                                                                                                                                                                                                                        16-Mar-10

                                                                                                                                                                                                                                                                                                                                                    30-Mar-10
                                                                                                                                                                   1-Sep-09

                                                                                                                                                                              15-Sep-09

                                                                                                                                                                                          29-Sep-09
                                                                                                                                           4-Aug-09
                                            14-Apr-09

                                                        28-Apr-09




                                                                                                                                                      18-Aug-09




                                                        SPOT                                                 31-Mar-09                                            30-Apr-09                                        29-May-09                                                 30-Jun-09                                       31-Jul-09
                                                        28-Aug-09                                            30-Sep-09                                            30-Oct-09                                        30-Nov-09                                                 31-Dec-09                                       29-Jan-10
                                                        26-Feb-10                                            31-Mar-10                                            30-Apr-10                                        28-May-10




       The total quantity traded in Nickel contracts was 32.710 lakh tonnes valued at Rs.
275277.347 crore.

vii) Zinc
        The ready price of Zinc, which was quoted at Rs. 66.25 per kg on 31.03.2009 rose to Rs.
106.50 on 31.03.2010, showing a rise of 60.75%. In the futures section, the price which was
quoted at Rs. 66.25 per kg (March 2009 contract) on 31.03.2009 raised Rs. 106.45 per kg (March
2010 contract) on 31.03.2010 showing a rise of 60.68%.

        The graph indicating the trend of ready and future prices of Zinc at MCX, Mumbai is
given below.




                                                                                                                                                                                                                                                                                                                                                                28
                                                                                                                                           Spot & Futures prices of Zinc at MCX


                         125



                         115



                         105




            Rs. per Kg
                         95



                         85



                         75



                         65
                               31-Mar-09




                                                                                                                    7-Jul-09
                                                                    12-May-09

                                                                                 26-May-09

                                                                                             9-Jun-09

                                                                                                        23-Jun-09



                                                                                                                               21-Jul-09




                                                                                                                                                                                                         13-Oct-09

                                                                                                                                                                                                                     27-Oct-09

                                                                                                                                                                                                                                 10-Nov-09

                                                                                                                                                                                                                                             24-Nov-09

                                                                                                                                                                                                                                                         8-Dec-09

                                                                                                                                                                                                                                                                    22-Dec-09

                                                                                                                                                                                                                                                                                5-Jan-10

                                                                                                                                                                                                                                                                                           19-Jan-10

                                                                                                                                                                                                                                                                                                       2-Feb-10

                                                                                                                                                                                                                                                                                                                  16-Feb-10

                                                                                                                                                                                                                                                                                                                               2-Mar-10

                                                                                                                                                                                                                                                                                                                                          16-Mar-10

                                                                                                                                                                                                                                                                                                                                                      30-Mar-10
                                                                                                                                                                    1-Sep-09

                                                                                                                                                                               15-Sep-09

                                                                                                                                                                                            29-Sep-09
                                           14-Apr-09

                                                        28-Apr-09




                                                                                                                                             4-Aug-09

                                                                                                                                                        18-Aug-09
                                     SPOT                                       31-Mar-09                           30-Apr-09                                 29-May-09                                 30-Jun-09                            31-Jul-09                                 28-Aug-09                              30-Sep-09
                                     30-Oct-09                                  30-Nov-09                           31-Dec-09                                 29-Jan-10                                 26-Feb-10                            31-Mar-10                                 30-Apr-10                              28-May-10


        The total quantity traded in Zinc contracts was 272.947 lakh tonnes valued at Rs.
 260172.120 crore.

 II) THE NATIONAL COMMODITY & DERIVATIVES EXCHANGE LTD., MUMBAI
 (NCDEX)

         During 2009-10, NCDEX, Mumbai accounted for 11.82% of the total value of trade in the
 commodity market. In actual terms the total value of trade in the NCDEX, Mumbai was Rs.9.18
 lakh crore. During the year, 40 commodities were traded at NCDEX, Mumbai. Amongst which
 prominent commodities traded during the year were Guar Seed, Soya Oil, Chana, Soyabean, Rape
 Seed/Mustard Seed, Turmeric and Jeera at NCDEX, Mumbai. The total value of trade and the
 percentage share of each of these commodities to the total value of trade at NCDEX, Mumbai is
 given below.

                                                       Total volume and value of trade at NCDEX- 2009-2010
                                                                                                                                                                                                                                                                                                                                                       % Share Of
                                                                                                                                                     Volume                                                                                                   Value
S.No                      Commodity                                                                                                                                                                                                                                                                                                                   Value to Total
                                                                                                                                                   (lakh tones)                                                                                             (Rs. Crore)
                                                                                                                                                                                                                                                                                                                                                          Value
 1      GUAR_SEED                                                                                                                                                                          1115.25                                                                                    258031.27                                                                 28.12
 2      SOYA_OIL                                                                                                                                                                            289.66                                                                                    136651.76                                                                    14.89
 3      CHANA                                                                                                                                                                               439.37                                                                                    106295.87                                                                    11.58
 4      SOYABEAN                                                                                                                                                                            434.13                                                                                         98926.85                                                                10.78
 5      RAPE_MUSTARD_SEED                                                                                                                                                                   314.15                                                                                         84778.79                                                                 9.24
 6      TURMERIC                                                                                                                                                                            112.94                                                                                         79967.29                                                                 8.71
 7      JEERA                                                                                                                                                                                           26.50                                                                              33720.03                                                                 3.67
 8      OTHER                                                                                                                                                                               405.45                                                                                    119212.85                                                                    12.99
            TOTAL                                                                                                                                                                          3137.44                                                                                    917584.71                                                                   100.00

       The graphical presentation of the percentage share of the prominently traded commodities
 at NCDEX, Mumbai is given below.




                                                                                                                                                                                                                                                                                                                                                                   29
                                                                              % Share of the value of prom inently traded com m odities at NCDEX,
                                                                                            Mum bai during 2009-10 (April - March).


                                                                                                              Jeera                                                     Other                                                                                                                              Guar Seed
                                                                                                               4%                                                       13%                                                                                                                                  27%

                                                                                       Turmeric
                                                                                          9%

                                                 Rape/Mustard
                                                    Seed
                                                     9%                                                                                                                                                                                                                                                     Soya Oil
                                                                                                                         Soyabean                                                                                                                                                                            15%
                                                                                                                           11%                                                                                     Chana
                                                                                                                                                                                                                    12%
                                                                            Guar Seed                                                                                               Soya Oil                                                                                        Chana
                                                                            Soyabean                                                                                                Rape/Mustard Seed                                                                               Turmeric
                                                                            Jeera                                                                                                   Other


i) Guar Seed:

        The ready price of Guar Seed, which was quoted at Rs. 1622.10 per 100 Kg on 31.03.2009
rose to Rs. 2302.45 on 31.03.2010, showing a rise of 41.94%. In the futures section, the price
which was quoted at Rs. 1622.00 per 100 kg (April 2009 contract) on 31.03.2009 rose to
Rs.2301.00 (April 2010 contract) per 100 Kg on 31.03.2010 showing a rise of 41.86%.

     The graph indicating the trend of ready and future prices of Guar Seed at NCDEX,
Mumbai is given below.

                                                                                                      SPOT & FUTURES PRICES OF GUAR SEED TRADED AT NCDEX


                  3250

                  3000

                  2750
  RS.PER 100 KG




                  2500

                  2250

                  2000

                  1750

                  1500
                                                                                       9-Jun-09



                                                                                                              7-Jul-09




                                                                                                                                                                                                                                                                         5-Jan-10
                         31-Mar-09




                                                               12-May-09

                                                                           26-May-09



                                                                                                  23-Jun-09



                                                                                                                          21-Jul-09




                                                                                                                                                                                                 13-Oct-09

                                                                                                                                                                                                             27-Oct-09

                                                                                                                                                                                                                         10-Nov-09

                                                                                                                                                                                                                                     24-Nov-09

                                                                                                                                                                                                                                                 8-Dec-09

                                                                                                                                                                                                                                                            22-Dec-09



                                                                                                                                                                                                                                                                                    19-Jan-10

                                                                                                                                                                                                                                                                                                2-Feb-10

                                                                                                                                                                                                                                                                                                            16-Feb-10

                                                                                                                                                                                                                                                                                                                        2-Mar-10

                                                                                                                                                                                                                                                                                                                                   16-Mar-10

                                                                                                                                                                                                                                                                                                                                               30-Mar-10
                                                                                                                                                             1-Sep-09

                                                                                                                                                                        15-Sep-09

                                                                                                                                                                                     29-Sep-09
                                     14-Apr-09

                                                 28-Apr-09




                                                                                                                                      4-Aug-09

                                                                                                                                                 18-Aug-09




                                                             SPOT                                 20-Apr-09                                 20-May-09                               19-Jun-09                                20-Jul-09                                  20-Aug-09                           18-Sep-09
                                                             20-Oct-09                            20-Nov-09                                 18-Dec-09                               20-Jan-10                                19-Feb-10                                  19-Mar-10                           20-Apr-10
                                                             20-May-10                            18-Jun-10                                 20-Jul-10                               20-Aug-10                                20-Sep-10




        The total quantity traded in for all contracts of Guar Seed traded was 1115.246 Lakh
tonnes valued at Rs. 258031.270 crore.

ii) Soy Oil
        The ready price of Soy Oil, which was quoted at Rs. 448.30 per 10 Kg on 31.03.2009 rose
to Rs. 450.60 on 31.03.2010, showing a rise of 0.51%. In the futures section, the price which was
quoted at Rs. 446.00 per 10 kg (April 2009 contract) on 31.03.2009 rose to Rs.449.95 (April 2010
contract) per 10 Kg on 31.03.2010 showing a rise of 0.89%.
                                                                                                                                                                                                                                                                                                                                                           30
         The graph indicating the trend of ready and future prices of Soy Oil at NCDEX, Mumbai
is given below.

                                                                                                                                                              SPOT & FUTURES PRICES OF SOY OIL TRADED AT NCDEX


                         525


                         500
         RS. PER 10 KG




                         475


                         450


                         425


                         400
                                                                                                                          9-Jun-09



                                                                                                                                                                    7-Jul-09

                                                                                                                                                                                          21-Jul-09




                                                                                                                                                                                                                                                                                                                                                                                                                 5-Jan-10



                                                                                                                                                                                                                                                                                                                                                                                                                                                          2-Feb-10



                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           2-Mar-10
                                           31-Mar-09




                                                                                      12-May-09

                                                                                                       26-May-09



                                                                                                                                            23-Jun-09




                                                                                                                                                                                                                                                                                                                                                                   8-Dec-09
                                                                                                                                                                                                                                                                                              13-Oct-09

                                                                                                                                                                                                                                                                                                             27-Oct-09




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         16-Mar-10

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     30-Mar-10
                                                                                                                                                                                                                                                                                                                             10-Nov-09

                                                                                                                                                                                                                                                                                                                                                24-Nov-09



                                                                                                                                                                                                                                                                                                                                                                                          22-Dec-09



                                                                                                                                                                                                                                                                                                                                                                                                                                        19-Jan-10



                                                                                                                                                                                                                                                                                                                                                                                                                                                                           16-Feb-10
                                                                                                                                                                                                                                                     1-Sep-09

                                                                                                                                                                                                                                                                   15-Sep-09

                                                                                                                                                                                                                                                                                 29-Sep-09
                                                                                                                                                                                                                  4-Aug-09
                                                         14-Apr-09

                                                                       28-Apr-09




                                                                                                                                                                                                                                    18-Aug-09
                                           SPOT                                                20-Apr-09                                                      20-May-09                                                                  19-Jun-09                                           20-Jul-09                                               20-Aug-09                                                               18-Sep-09                                                     20-Oct-09
                                           20-Nov-09                                           18-Dec-09                                                      20-Jan-10                                                                  19-Feb-10                                           19-Mar-10                                               20-Apr-10                                                               20-May-10                                                     18-Jun-10




         The total quantity traded in Soy Oil was 289.661 lakh tonnes valued at Rs. 136651.759
crore.

iii) Chana

        The ready price of Chana, which was quoted at Rs. 2114.75 per 100 Kg on 31.03.2009
rose to Rs. 2259.55 on 31.03.2010, showing a rise of 6.85%. In the futures section, the price which
was quoted at Rs. 2192.00 per 100 kg (April 2009 contract) on 31.03.2009 rose to Rs.2289.00
(April 2010 contract) per 100 Kg on 31.03.2010 showing a rise of 4.43%.

        The graph indicating the trend of ready and future prices of Chana at NCDEX, Mumbai is
given below.

                                                                                                                                                                          SPOT & FUTURES PRICES OF CHANA TRADED AT NCDEX

                                           3000


                                           2800
                          RS. PER 100 KG




                                           2600


                                           2400


                                           2200


                                           2000
                                                                                                                                                                               7-Jul-09
                                                         31-Mar-09




                                                                                                  12-May-09

                                                                                                                   26-May-09

                                                                                                                                     9-Jun-09

                                                                                                                                                        23-Jun-09



                                                                                                                                                                                                      21-Jul-09




                                                                                                                                                                                                                                                                                              13-Oct-09

                                                                                                                                                                                                                                                                                                          27-Oct-09




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             16-Mar-10

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         30-Mar-10
                                                                                                                                                                                                                                                                                                                         10-Nov-09

                                                                                                                                                                                                                                                                                                                                         24-Nov-09

                                                                                                                                                                                                                                                                                                                                                            8-Dec-09

                                                                                                                                                                                                                                                                                                                                                                              22-Dec-09

                                                                                                                                                                                                                                                                                                                                                                                                      5-Jan-10

                                                                                                                                                                                                                                                                                                                                                                                                                            19-Jan-10

                                                                                                                                                                                                                                                                                                                                                                                                                                               2-Feb-10

                                                                                                                                                                                                                                                                                                                                                                                                                                                               16-Feb-10

                                                                                                                                                                                                                                                                                                                                                                                                                                                                               2-Mar-10
                                                                                                                                                                                                                                                        1-Sep-09

                                                                                                                                                                                                                                                                     15-Sep-09

                                                                                                                                                                                                                                                                                 29-Sep-09
                                                                     14-Apr-09

                                                                                   28-Apr-09




                                                                                                                                                                                                                         4-Aug-09

                                                                                                                                                                                                                                         18-Aug-09




                                                       SPOT                                                    20-Apr-09                                                                       20-May-09                                                             19-Jun-09                                              20-Jul-09                                                                       20-Aug-09                                                                     18-Sep-09
                                                       20-Oct-09                                               20-Nov-09                                                                       18-Dec-09                                                             20-Jan-10                                              19-Feb-10                                                                       19-Mar-10                                                                     20-Apr-10
                                                       20-May-10                                               18-Jun-10                                                                       20-Jul-10                                                             20-Aug-10




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 31
       The total quantity traded in all contracts of Chana was 439.365 Lakh tonnes valued at Rs.
106295.871 crore.

iv) Soya Bean
        The ready price of Soya Bean, which was quoted at Rs. 2337.00 per 100 Kg on
31.03.2009 declined to Rs.2029.00 on 31.03.2010, showing a fall of 13.18%. In the futures
section, the price which was quoted at Rs. 2341.50 per 100 Kg (April 2009 contract) on
31.03.2009 declined to Rs.2038.00 per 100 Kg (April 2010 contract) on 31.03.2010 showing a fall
of 12.96%.

     The graph indicating the trend of ready and future prices of Soya Bean at NCDEX,
Mumbai is given below.

                                                                                                                       SPOT & FUTURES PRICES OF SOY BEAN TRADED AT NCDEX


                           2900

                           2750
           RS.PER 100 KG




                           2600

                           2450

                           2300

                           2150

                           2000

                           1850
                                                                                                                         7-Jul-09
                                  31-Mar-09




                                                                        12-May-09

                                                                                    26-May-09

                                                                                                9-Jun-09

                                                                                                           23-Jun-09



                                                                                                                                    21-Jul-09




                                                                                                                                                                                                           13-Oct-09

                                                                                                                                                                                                                       27-Oct-09




                                                                                                                                                                                                                                                                                                                                            16-Mar-10

                                                                                                                                                                                                                                                                                                                                                        30-Mar-10
                                                                                                                                                                                                                                   10-Nov-09

                                                                                                                                                                                                                                               24-Nov-09



                                                                                                                                                                                                                                                                      22-Dec-09

                                                                                                                                                                                                                                                                                   5-Jan-10

                                                                                                                                                                                                                                                                                              19-Jan-10

                                                                                                                                                                                                                                                                                                          2-Feb-10

                                                                                                                                                                                                                                                                                                                     16-Feb-10

                                                                                                                                                                                                                                                                                                                                 2-Mar-10
                                                                                                                                                                                                                                                           8-Dec-09
                                                                                                                                                                       1-Sep-09

                                                                                                                                                                                  15-Sep-09

                                                                                                                                                                                               29-Sep-09
                                              14-Apr-09

                                                          28-Apr-09




                                                                                                                                                4-Aug-09

                                                                                                                                                           18-Aug-09




                                                                      SPOT                                 20-Apr-09                                  20-May-09                               19-Jun-09                                20-Jul-09                                  20-Aug-09                          18-Sep-09
                                                                      20-Oct-09                            20-Nov-09                                  18-Dec-09                               20-Jan-10                                19-Feb-10                                  19-Mar-10                          20-Apr-10
                                                                      20-May-10                            18-Jun-10                                  20-Jul-10                               20-Aug-10


       The total quantity traded in Soya Bean contracts was 434.133 lakh tonnes valued at Rs.
98926.845 crore.

v) Rape / Mustard Seed
        The ready price of R/M Seed, which was quoted at Rs. 454.15 per 20 Kg on 31.03.2009
rose to Rs. 504.95 on 31.03.2010, showing a rise of 11.19%. In the futures section, the price which
was quoted at Rs. 459.60 per 20 kg (May 2009 contract) on 31.03.2009 rose to Rs.505.35 (April
2010 contract) per 20 Kg on 31.03.2010 showing a rise of 9.95%.

     The graph indicating the trend of ready and future prices of Rape Seed/Mustard Seed at
NCDEX, Mumbai is given below.




                                                                                                                                                                                                                                                                                                                                                                    32
                                                                                                                                                    SPOT & FUTURES PRICES OF RM SEED TRADED AT NCDEX


                               650


                               600




                RS.PER 20 KG
                               550


                               500


                               450


                               400




                                                                                                                                                               7-Jul-09
                                     31-Mar-09




                                                                                           12-May-09

                                                                                                            26-May-09

                                                                                                                              9-Jun-09

                                                                                                                                              23-Jun-09



                                                                                                                                                                               21-Jul-09




                                                                                                                                                                                                                                                                                13-Oct-09

                                                                                                                                                                                                                                                                                                27-Oct-09

                                                                                                                                                                                                                                                                                                                10-Nov-09

                                                                                                                                                                                                                                                                                                                                24-Nov-09



                                                                                                                                                                                                                                                                                                                                                               22-Dec-09

                                                                                                                                                                                                                                                                                                                                                                               5-Jan-10

                                                                                                                                                                                                                                                                                                                                                                                             19-Jan-10

                                                                                                                                                                                                                                                                                                                                                                                                             2-Feb-10

                                                                                                                                                                                                                                                                                                                                                                                                                           16-Feb-10

                                                                                                                                                                                                                                                                                                                                                                                                                                           2-Mar-10

                                                                                                                                                                                                                                                                                                                                                                                                                                                         16-Mar-10

                                                                                                                                                                                                                                                                                                                                                                                                                                                                        30-Mar-10
                                                                                                                                                                                                                                                                                                                                                8-Dec-09
                                                                                                                                                                                                                                1-Sep-09

                                                                                                                                                                                                                                               15-Sep-09

                                                                                                                                                                                                                                                                29-Sep-09
                                                       14-Apr-09

                                                                         28-Apr-09




                                                                                                                                                                                                4-Aug-09

                                                                                                                                                                                                               18-Aug-09
                                                                    SPOT                                                            20-May-09                                                   19-Jun-09                                                      20-Jul-09                                                20-Aug-09                                               18-Sep-09                                                 20-Oct-09
                                                                    20-Nov-09                                                       18-Dec-09                                                   20-Jan-10                                                      20-Apr-10                                                20-May-10                                               18-Jun-10                                                 20-Jul-10



       The total quantity traded in R/M Seed contracts was 314.147 lakh tonnes valued at Rs.
84778.793 crore.

vi) Turmeric
        The ready price of Turmeric, which was quoted at Rs. 4711.65 per 100 Kg on 31.03.2009
rose to Rs. 11293.20 on 31.03.2010, showing a rise of 139.69%. In the futures section, the price
which was quoted at Rs. 5226.00 per 100 kg (April 2009 contract) on 31.03.2009 rose to
Rs.10932.00 (April 2010 contract) per 100 Kg on 31.03.2010 showing a rise of 109.18%.

     The graph indicating the trend of ready and future prices of Turmeric at NCDEX,,
Mumbai is given below.

                                                                                                                                                SPOT & FUTURES PRICES OFTURMERIC TRADED AT NCDEX


                               13500
                               12500
                               11500
         RS. PER 100 KG




                               10500
                               9500
                               8500
                               7500
                               6500
                               5500
                               4500
                                                                                                                                   9-Jun-09



                                                                                                                                                                    7-Jul-09

                                                                                                                                                                                    21-Jul-09




                                                                                                                                                                                                                                                                                                                                                                                  5-Jan-10



                                                                                                                                                                                                                                                                                                                                                                                                                2-Feb-10



                                                                                                                                                                                                                                                                                                                                                                                                                                              2-Mar-10
                                           31-Mar-09




                                                                                                12-May-09

                                                                                                                  26-May-09




                                                                                                                                                                                                                                                                                                                                                    8-Dec-09
                                                                                                                                                   23-Jun-09




                                                                                                                                                                                                                                                                                    13-Oct-09

                                                                                                                                                                                                                                                                                                    27-Oct-09




                                                                                                                                                                                                                                                                                                                                                                                                                                                            16-Mar-10

                                                                                                                                                                                                                                                                                                                                                                                                                                                                            30-Mar-10
                                                                                                                                                                                                                                                                                                                    10-Nov-09

                                                                                                                                                                                                                                                                                                                                    24-Nov-09



                                                                                                                                                                                                                                                                                                                                                                   22-Dec-09



                                                                                                                                                                                                                                                                                                                                                                                                 19-Jan-10



                                                                                                                                                                                                                                                                                                                                                                                                                              16-Feb-10
                                                                                                                                                                                                                                    1-Sep-09

                                                                                                                                                                                                                                                   15-Sep-09

                                                                                                                                                                                                                                                                    29-Sep-09
                                                                                                                                                                                                    4-Aug-09
                                                             14-Apr-09

                                                                               28-Apr-09




                                                                                                                                                                                                                    18-Aug-09




                                                 SPOT                                                              20-Apr-09                                                     20-May-09                                                     19-Jun-09                                                    20-Jul-09                                                 20-Aug-09                                             18-Sep-09
                                                 20-Oct-09                                                         20-Nov-09                                                     18-Dec-09                                                     20-Apr-10                                                    20-May-10                                                 18-Jun-10


       The total quantity traded in Turmeric contracts was 112.937 lakh tonnes valued at Rs.
79967.293 crore.




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        33
vii) Jeera
        The ready price of Jeera, which was quoted at Rs. 11542.40 per 100 Kg on 31.03.2009
rose to Rs. 11882.15 on 31.03.2010, showing a rise of 2.94%. In the futures section, the price
which was quoted at Rs. 12123.00 per 100 Kg (May 2009 contract) on 31.03.2009 declined to
Rs.11199.00 per 100 Kg (April 2010 contract) on 31.03.2010 showing a fall of 7.62%.

        The graph indicating the trend of ready and future prices of Jeera at NCDEX, Mumbai is
given below.

                                                                                                                         SPOT & FUTURES PRICES OF JEERA TRADED AT NCDEX


                              18000

                              17000

                              16000
             RS. PER 100 KG




                              15000

                              14000

                              13000

                              12000

                              11000

                              10000
                                                                                                  9-Jun-09



                                                                                                                          7-Jul-09




                                                                                                                                                                                                                                                                                     5-Jan-10
                                      31-Mar-09




                                                                          12-May-09

                                                                                      26-May-09



                                                                                                             23-Jun-09



                                                                                                                                     21-Jul-09




                                                                                                                                                                                                              13-Oct-09

                                                                                                                                                                                                                          27-Oct-09

                                                                                                                                                                                                                                      10-Nov-09

                                                                                                                                                                                                                                                  24-Nov-09

                                                                                                                                                                                                                                                              8-Dec-09

                                                                                                                                                                                                                                                                         22-Dec-09



                                                                                                                                                                                                                                                                                                 19-Jan-10

                                                                                                                                                                                                                                                                                                             2-Feb-10

                                                                                                                                                                                                                                                                                                                        16-Feb-10

                                                                                                                                                                                                                                                                                                                                     2-Mar-10

                                                                                                                                                                                                                                                                                                                                                16-Mar-10

                                                                                                                                                                                                                                                                                                                                                            30-Mar-10
                                                                                                                                                                         1-Sep-09

                                                                                                                                                                                    15-Sep-09

                                                                                                                                                                                                29-Sep-09
                                                  14-Apr-09

                                                              28-Apr-09




                                                                                                                                                 4-Aug-09

                                                                                                                                                             18-Aug-09




                                  SPOT                                        20-May-09                                  19-Jun-09                           20-Jul-09                                      20-Aug-09                             18-Sep-09                               20-Oct-09                                 20-Nov-09
                                  18-Dec-09                                   20-Jan-10                                  19-Feb-10                           19-Mar-10                                      20-Apr-10                             20-May-10                               18-Jun-10




       The total quantity traded in Jeera contracts was 26.504 lakh tonnes valued at Rs.
33720.034 crore.

III) NATIONAL MULTI-COMMODITY                                                                                                                                                                          EXCHANGE                                                                      OF                           INDIA                                         LIMITED,
AHMEDABAD (NMCE)

        During 2009-10, NMCE, Ahmedabad accounted for 2.93% of the total value of trade in
the commodity market. In actual terms the total value of trade in the NMCE, Ahmedabad was
Rs.2.28 lakh crore. During the year 26 commodities were traded at NMCE, Ahmedabad. Amongst
which prominent commodities traded during the year were Rape Seed/ Mustard Seed, Sacking,
Soya Oil, Guar Seed and Chana. The total value of trade and the percentage share of each of these
commodities to the total value of trade at NMCE, Ahmedabad is given below.

                                 Total Volume and Value of trade at NMCE, Ahmedabad 2009-10

                                      Commodities                                                                          Total Volme                                                                 Total Value                                                                              % share to
                                                                                                                            ( In lakh                                                                 (In Rs.Crore)                                                                              the total
                                                                                                                             tonnes)                                                                                                                                                               value
                               RAPE/MUSTARD
                               SEED                                                                                                                         113.28                                                            26577.73                                                                                        11.66
                               SACKING                                                                                                                       54.74                                                            24238.77                                                                                        10.64
                               SOY OIL                                                                                                                       47.77                                                            22364.15                                                                                         9.81
                               GUAR SEED                                                                                                                     82.20                                                            18579.55                                                                                         8.15
                               CHANA                                                                                                                         62.31                                                            14851.26                                                                                         6.52
                               OTHERS                                                                                                                       135.61                                                           121290.02                                                                                        53.22
                               Total                                                                                                                        495.91                                                           227901.48                                                                                          100



                                                                                                                                                                                                                                                                                                                                                                        34
i) Rape/Mustardseed :-

        The ready price of Rape/Mustardseed, which was quoted at Rs.410.00 per quintal on
31.03.2009 rose to Rs.460.00 on 31.3.2010, registering a sharp rise of 12.20% over the year. In the
future section, the price of April 2009 contract, which was quoted at Rs. 411.70 per quintal on
31.3.2009 rose to Rs.462.00 on 31.3.2010 (April 2010 Contact) registering a rise of 12.22% over
the year.

     The graph indicating the trend of ready and future prices of Rape / Mustard Seed at
NMCE, Ahmedabad is given below

                                                                          Spot and futures prices of Rape/Mustard seed at NMCE,Ahmedabad


                 550.00

                 530.00
                 510.00
  Rs.per 20 Kg




                 490.00

                 470.00
                 450.00

                 430.00
                 410.00

                 390.00
                                                              12-May-09
                                                                          26-May-09
                                      14-Apr-09
                                                  28-Apr-09




                                                                                                                                     4-Aug-09




                                                                                                                                                                                                                                                                                                                      2-Mar-10
                          31-Mar-09




                                                                                                                                                18-Aug-09




                                                                                                                                                                                                                         10-Nov-09
                                                                                                                                                                                                                                     24-Nov-09




                                                                                                                                                                                                                                                                                                                                 16-Mar-10
                                                                                                                                                                                                                                                                                                                                             30-Mar-10
                                                                                      9-Jun-09


                                                                                                             7-Jul-09
                                                                                                                        21-Jul-09




                                                                                                                                                            1-Sep-09




                                                                                                                                                                                                 13-Oct-09
                                                                                                                                                                                                             27-Oct-09




                                                                                                                                                                                                                                                 8-Dec-09


                                                                                                                                                                                                                                                                        5-Jan-10


                                                                                                                                                                                                                                                                                               2-Feb-10
                                                                                                 23-Jun-09




                                                                                                                                                                        15-Sep-09
                                                                                                                                                                                     29-Sep-09




                                                                                                                                                                                                                                                            22-Dec-09


                                                                                                                                                                                                                                                                                   19-Jan-10


                                                                                                                                                                                                                                                                                                          16-Feb-10
                                                                                                                                                                                    Date

                    Spot                             Apr-09                                 May-09                                  Jun-09                             Jul-09                                Aug-09                               Sep-09                                Oct-09                               Nov-09
                    Dec-09                           Jan-10                                 Feb-10                                  Mar-10                             Apr-10                                May-10                               Jun-10                                Jul-10



       The total quantity of Rape Seed/ Mustard Seed traded at NMCE, Ahmedabad during the
year was 113.28 Lakh tones Valued at Rs. 26577.73 Crore.

ii) Sacking :-

         The ready price of Sacking, which was quoted at Rs.2473.80 per quintal on 31.03.2009,
rose to Rs.2972.60 on 31.3.2010, registering a rise of 20.16% over the year. In the future section,
the price of April 2009 contract, which was quoted at Rs.2492.00 per quintal on 31.3.2009, rose to
Rs.3022.00 on 31.3.2010 (April 2010 Contract) registering a rise of 21.27% over the year.

                    The graph indicating ready and future prices of Sacking at NMCE, Ahmedabad is given
below




                                                                                                                                                                                                                                                                                                                                                         35
                                                                                                                                    Spot and futures prices of Sacking at NMCE, Ahmedabad.


                               3500.00


                               3300.00




            Rs. per 100 Bags
                               3100.00


                               2900.00


                               2700.00


                               2500.00


                               2300.00


                                                                                                        12-May-09
                                                                                                                       26-May-09
                                                    31-Mar-09
                                                                       14-Apr-09
                                                                                        28-Apr-09




                                                                                                                                                                                        4-Aug-09




                                                                                                                                                                                                                                                                                                                                                                                                                                  2-Mar-10
                                                                                                                                                                                                       18-Aug-09




                                                                                                                                                                                                                                                                                                                     10-Nov-09
                                                                                                                                                                                                                                                                                                                                     24-Nov-09




                                                                                                                                                                                                                                                                                                                                                                                                                                                   16-Mar-10
                                                                                                                                                                                                                                                                                                                                                                                                                                                                    30-Mar-10
                                                                                                                                    9-Jun-09
                                                                                                                                                23-Jun-09
                                                                                                                                                             7-Jul-09
                                                                                                                                                                         21-Jul-09




                                                                                                                                                                                                                        1-Sep-09
                                                                                                                                                                                                                                         15-Sep-09
                                                                                                                                                                                                                                                             29-Sep-09
                                                                                                                                                                                                                                                                                 13-Oct-09
                                                                                                                                                                                                                                                                                                    27-Oct-09




                                                                                                                                                                                                                                                                                                                                                   8-Dec-09
                                                                                                                                                                                                                                                                                                                                                                22-Dec-09
                                                                                                                                                                                                                                                                                                                                                                            5-Jan-10
                                                                                                                                                                                                                                                                                                                                                                                        19-Jan-10
                                                                                                                                                                                                                                                                                                                                                                                                    2-Feb-10
                                                                                                                                                                                                                                                                                                                                                                                                                   16-Feb-10
                                                                                                                                                                                                                                                     Date

                                                                                                    Spot                                                    15-Apr-09                                              15-May-09                                                                 15-Jun-09                                                        15-Jul-09                                        14-Aug-09
                                                                                                    15-Sep-09                                               15-Oct-09                                              14-Nov-09                                                                 15-Dec-09                                                        15-Jan-10                                        15-Feb-10
                                                                                                    15-Mar-10                                               15-Apr-10                                              15-May-10                                                                 15-Jun-10                                                        15-Jul-10




       The total quantity of Sacking at NMCE, Ahmedabad during the year was 54.74 Lakh
tones Valued at Rs. 24238.77.00 Crore.


iii) Soy Oil :

        The ready price of Soy oil which was quoted at Rs.449.00 per 10 Kg on 31.03.2009 rose
to Rs. 451.00 on 31.3.2010 registering a rise of 0.45 % over the year. In the future section, the
price of April 2009 contract, which was quoted at Rs.446.30 per quintal on 31.3.2009 rose to
Rs.450.00 on 31.3.2010 (April 2010 Contact) registering a rise of 0.83% over the year.

         The graph indicating ready and future prices of Soy Oil at NMCE, Ahmedabad is given
below.

                                                                                                                                              Spot and futures prices of Soy Oil at NMCE,Ahmedabad.


                               540.00

                               520.00

                               500.00
           Rs.per 10 Kg




                               480.00

                               460.00

                               440.00

                               420.00

                               400.00
                                                                                                    12-May-09

                                                                                                                    26-May-09
                                        31-Mar-09

                                                                14-Apr-09

                                                                                   28-Apr-09




                                                                                                                                                                                            4-Aug-09

                                                                                                                                                                                                            18-Aug-09




                                                                                                                                                                                                                                                                                                                                 10-Nov-09

                                                                                                                                                                                                                                                                                                                                                 24-Nov-09




                                                                                                                                                                                                                                                                                                                                                                                                                                                         2-Mar-10

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                16-Mar-10

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            30-Mar-10
                                                                                                                                   9-Jun-09

                                                                                                                                                23-Jun-09

                                                                                                                                                              7-Jul-09

                                                                                                                                                                            21-Jul-09




                                                                                                                                                                                                                              1-Sep-09

                                                                                                                                                                                                                                                 15-Sep-09

                                                                                                                                                                                                                                                                         29-Sep-09

                                                                                                                                                                                                                                                                                             13-Oct-09

                                                                                                                                                                                                                                                                                                                27-Oct-09




                                                                                                                                                                                                                                                                                                                                                               8-Dec-09

                                                                                                                                                                                                                                                                                                                                                                            22-Dec-09

                                                                                                                                                                                                                                                                                                                                                                                         5-Jan-10

                                                                                                                                                                                                                                                                                                                                                                                                       19-Jan-10

                                                                                                                                                                                                                                                                                                                                                                                                                       2-Feb-10

                                                                                                                                                                                                                                                                                                                                                                                                                                       16-Feb-10




                                                                                                                                                                                                                                                                 Date

                                                                                       Spot                                                    20-Apr-09                                        20-May-09                                                        20-Jun-09                                                           20-Jul-09                                          20-Aug-09                                            19-Sep-09
                                                                                       20-Oct-09                                               20-Nov-09                                        19-Dec-09                                                        20-Jan-10                                                           20-Feb-10                                          20-Mar-10                                            20-Apr-10
                                                                                       20-May-10                                               19-Jun-10                                        20-Jul-10




       The total quantity of Soy Oil traded at NMCE, Ahmedabad during the year was 47.77
Lakh tones Valued at Rs. 22364.15 Crore.




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        36
iv) Guarseed :-

         The ready price of Guarseed, at NMCE, Ahmedabad, which was quoted at Rs.1643.00 per
quintal rose to Rs. 2278.00 on 31.3.2010 registering a rise of 38.65 % over the year. In the future
section, the price of April 2009 contract, which was quoted at Rs.1653.00 per quintal on 31.3.2009
rose to Rs.2281.00 on 31.3.2010 (April 2010 Contact) registering a rise 37.99 % over the year.

                          The graph indicating ready and future prices of Guar Seed at NMCE, Ahmedabad is given
below.
                                                                                       Spot and futures prices of Guar seed at NMCE,Ahmedabad.


                   3000
                   2800
                   2600
  Rs. per 100 Kg




                   2400
                   2200
                   2000
                   1800
                   1600
                   1400
                                                               12-May-09
                                                                           26-May-09




                                                                                                                                       4-Aug-09




                                                                                                                                                                                                                                                                                                                          2-Mar-10
                          31-Mar-09
                                      14-Apr-09
                                                  28-Apr-09




                                                                                                                                                  18-Aug-09




                                                                                                                                                                                                                            10-Nov-09

                                                                                                                                                                                                                                        24-Nov-09




                                                                                                                                                                                                                                                                                                                                     16-Mar-10
                                                                                                                                                                                                                                                                                                                                                 30-Mar-10
                                                                                        9-Jun-09



                                                                                                                7-Jul-09
                                                                                                                           21-Jul-09




                                                                                                                                                               1-Sep-09




                                                                                                                                                                                                                                                    8-Dec-09


                                                                                                                                                                                                                                                                            5-Jan-10


                                                                                                                                                                                                                                                                                                   2-Feb-10
                                                                                                   23-Jun-09




                                                                                                                                                                          15-Sep-09
                                                                                                                                                                                       29-Sep-09
                                                                                                                                                                                                   13-Oct-09
                                                                                                                                                                                                                27-Oct-09




                                                                                                                                                                                                                                                                22-Dec-09


                                                                                                                                                                                                                                                                                       19-Jan-10


                                                                                                                                                                                                                                                                                                              16-Feb-10
                                                                                                                                                                                      Date
                                                              Spot                                             20-Apr-09                                      20-May-09                                        20-Jun-09                                       20-Jul-09                                      20-Aug-09
                                                              19-Sep-09                                        20-Oct-09                                      20-Nov-09                                        19-Dec-09                                       20-Jan-10                                      20-Feb-10
                                                              20-Mar-10                                        20-Apr-10                                      20-May-10                                        19-Jun-10                                       20-Jul-10



       The total quantity of Guar Seed traded at NMCE, Ahmedabad during the year was 82.20
Lakh tones Valued at Rs.18579.55 Crore.

v) Chana :-

         The ready price of Chana at NMCE, Ahmedabad, which was quoted at Rs.2100.00 per
quintal rose to Rs. 2263.00 on 31.3.2010 registering a rise of 7.76 % over the year. In the future
section, the price of April 2009 contract, which was quoted at 2195.00 per quintal on 31.3.2009
rose to Rs.2288.00 on 31.3.2010 (April 2010 Contact) registering a rise of 4.24 % over the year.

                          The graph indicating ready and future prices of Chana at NMCE, Ahmedabad is given
below.




                                                                                                                                                                                                                                                                                                                                                             37
                                                                                                          Spot and future prices of Chana at NMCE,Ahmedabad.


                          3100
                          2900




          Rs.per 100 Kg
                          2700
                          2500
                          2300
                          2100
                          1900




                                                                                                                                                                                                                                 10-Nov-09

                                                                                                                                                                                                                                             24-Nov-09
                                                                                              9-Jun-09



                                                                                                                       7-Jul-09
                                                                                                           23-Jun-09



                                                                                                                                  21-Jul-09




                                                                                                                                                                                                                                                                                 5-Jan-10

                                                                                                                                                                                                                                                                                            19-Jan-10
                                 31-Mar-09

                                             14-Apr-09

                                                          28-Apr-09




                                                                                                                                              4-Aug-09



                                                                                                                                                                     1-Sep-09




                                                                                                                                                                                                                                                          8-Dec-09




                                                                                                                                                                                                                                                                                                        2-Feb-10

                                                                                                                                                                                                                                                                                                                   16-Feb-10
                                                                      12-May-09

                                                                                  26-May-09




                                                                                                                                                         18-Aug-09



                                                                                                                                                                                15-Sep-09

                                                                                                                                                                                             29-Sep-09




                                                                                                                                                                                                                                                                     22-Dec-09
                                                                                                                                                                                                         13-Oct-09

                                                                                                                                                                                                                     27-Oct-09




                                                                                                                                                                                                                                                                                                                               2-Mar-10

                                                                                                                                                                                                                                                                                                                                          16-Mar-10

                                                                                                                                                                                                                                                                                                                                                      30-Mar-10
                                                                                                                                                                                            Date

                                                          Spot                                           20-Apr-09                              20-May-09                                   20-Jun-09                                20-Jul-09                                   20-Aug-09                               19-Sep-09
                                                          20-Oct-09                                      20-Nov-09                              19-Dec-09                                   20-Jan-10                                20-Feb-10                                   20-Mar-10                               20-Apr-10
                                                          20-May-10                                      19-Jun-10                              20-Jul-10                                   20-Aug-10



       The total quantity of Chana traded at NMCE, Ahmedabad during the year was 62.31 Lakh
tones Valued at Rs. 14851.26 Crore.

IV) INDIAN COMMODITY EXCHANGE LTD. (ICEX), GURGAON

        Indian Commodity Exchange, Ltd., Gurgaon which was granted recognition on the 9th
October 2009, on a permanent basis in respect of forward contracts in all the commodities in
which Section 15 is applicable and the commodities in which neither section 15 nor section 17 is
applicable, commenced trading in commodities, with the approval of the Commission with effect
from 27th November 2009.


                                                          % SHARE OF THE VALUE OF THE COMMODITIES TRADED AT ICEX, GURGAON, DURING
                                                                                   April'2009 to March' 2010

                                                                                                   NETURAL GAS                                                        LEAD
                                                                                                      0.75%                                                           0.45%
                                                                                                                                                                                                         GUARSEED
                                                                                   RSO
                                                                                                                                                                                                           0.06%
                                                                                  0.83%




                                                                  SILVER
                                                                  13.17%




                                                         COPPERCATHODE                                                                                                                                                GOLD
                                                             20.44%                                                                                                                                                  43.08%


                                                                                                                                  CRUDEOIL
                                                                                                                                   21.22%



                                                    GOLD              CRUDEOIL                           COPPERCATHODE                               SILVER               RSO               NETURAL GAS                           LEAD                   GUARSEED




                                                                                                                                                                                                                                                                                                                                              38
                                                           Volume and value of trade at ICEX- 2009-2010
                                                                                                                                                                                                                                                                                                                                                                                                                                  SHARE OF
 S.No      Commodity                                                                                                                                                      Vol-L.T                                                                                                                           Value-Rs. Crs                                                                                                         VALUE TO
                                                                                                                                                                                                                                                                                                                                                                                                                                   TOTAL
    1      GOLD                                                                                                                                                                                                   0.00349                                                                                                                                        58778.43                                                               43.08
    2      CRUDEOIL                                                                                                                                                                               110.34229                                                                                                                                                      28946.04                                                                21.22
    3      COPPERCATHODE                                                                                                                                                                                          8.38350                                                                                                                                        27889.39                                                                20.44
    4      SILVER                                                                                                                                                                                                 0.06680                                                                                                                                        17964.24                                                                13.17
    5      RSO                                                                                                                                                                                                    2.39650                                                                                                                                               1136.43                                                           0.83
    6      NATURAL GAS                                                                                                                                                                                41888750                                                                                                                                                          1023.37                                                           0.75
    7      LEAD                                                                                                                                                                                                   0.61815                                                                                                                                                         607.74                                                  0.45
    8      GUARSEED                                                                                                                                                                                               0.29400                                                                                                                                                                     79.72                                       0.06
             TOTAL                                                                                                                                                                                122.10473                                                                                                                                               136425.36                                                                     100.00

i) Gold:

        The ready price of Gold, which was quoted at Rs. 17677.00 per 10 gm on 27.11.2009
declined to Rs. 16301.78 on 31.03.2010, showing a fall of 7.78%. In the futures section, the price
which was quoted at Rs. 18035.00 per 10 gm (February 2010 contract) on 27.11.2009 declined to
Rs.16294.00 per 10 gm (April 2010 contract) on 31.03.2010 showing a fall of 9.65%.

        The graph indicating ready and future prices of Gold at ICEX, Gorgon is given below.

                                                                                                                                                       Spot & Futures prices of Gold at ICEX


                                  18500



                                  18000
                  Rs. per 10 Gm




                                  17500



                                  17000



                                  16500



                                  16000
                                                      1-Dec-09
                                                                 5-Dec-09
                                                                            9-Dec-09




                                                                                                                                                    2-Jan-10
                                                                                                                                                               6-Jan-10
                                                                                                                                                                          10-Jan-10
                                                                                                                                                                                      14-Jan-10
                                                                                                                                                                                                  18-Jan-10
                                                                                                                                                                                                              22-Jan-10
                                                                                                                                                                                                                          26-Jan-10
                                                                                                                                                                                                                                      30-Jan-10
                                                                                                                                                                                                                                                  3-Feb-10
                                                                                                                                                                                                                                                             7-Feb-10




                                                                                                                                                                                                                                                                                                                                    3-Mar-10
                                                                                                                                                                                                                                                                                                                                               7-Mar-10
                                          27-Nov-09




                                                                                       13-Dec-09
                                                                                                   17-Dec-09
                                                                                                               21-Dec-09
                                                                                                                           25-Dec-09
                                                                                                                                        29-Dec-09




                                                                                                                                                                                                                                                                        11-Feb-10
                                                                                                                                                                                                                                                                                    15-Feb-10
                                                                                                                                                                                                                                                                                                19-Feb-10
                                                                                                                                                                                                                                                                                                            23-Feb-10
                                                                                                                                                                                                                                                                                                                        27-Feb-10




                                                                                                                                                                                                                                                                                                                                                          11-Mar-10
                                                                                                                                                                                                                                                                                                                                                                      15-Mar-10
                                                                                                                                                                                                                                                                                                                                                                                  19-Mar-10
                                                                                                                                                                                                                                                                                                                                                                                              23-Mar-10
                                                                                                                                                                                                                                                                                                                                                                                                          27-Mar-10
                                                                                                                                                                                                                                                                                                                                                                                                                      31-Mar-10




                                                                                                                                       SPOT                               1-Feb-10                                        1-Apr-10                                      1-Jun-10                                        2-Aug-10




        The total quantity traded in for all contracts of Gold traded was 0.0034 Lakh tonnes
valued at Rs. 58778.429 crore.

ii) Crude Oil
        The ready price of Crude Oil, which was quoted at Rs. 3552.00 per Barrel on 27.11.2009
rose to Rs. 3750.23 on 31.03.2010, showing a rise of 5.58%. In the futures section, the price which
was quoted at Rs. 3565.00 per Barrel (December 2009 contract) on 27.11.2009 rose Rs.3752.00
(April 2010 contract) per Barrel on 31.03.2010 showing a rise of 5.25%.




                                                                                                                                                                                                                                                                                                                                                                                                                                         39
         The graph indicating ready and future prices of Crude oil at ICEX, Gurgon is given below.

                                                                                                                                                                                                          Spot & Futures prices of Crude Oil at ICEX


                                            4000




                                            3750
                           Rs. per Barrel




                                            3500




                                            3250




                                            3000
                                                                     1-Dec-09
                                                                                 5-Dec-09
                                                                                              9-Dec-09




                                                                                                                                                                                                      2-Jan-10
                                                                                                                                                                                                                            6-Jan-10
                                                                                                                                                                                                                                                   10-Jan-10
                                                                                                                                                                                                                                                                      14-Jan-10
                                                                                                                                                                                                                                                                                        18-Jan-10
                                                                                                                                                                                                                                                                                                         22-Jan-10
                                                                                                                                                                                                                                                                                                                         26-Jan-10
                                                                                                                                                                                                                                                                                                                                        30-Jan-10
                                                                                                                                                                                                                                                                                                                                                       3-Feb-10
                                                                                                                                                                                                                                                                                                                                                                   7-Feb-10




                                                                                                                                                                                                                                                                                                                                                                                                                                                3-Mar-10
                                                                                                                                                                                                                                                                                                                                                                                                                                                               7-Mar-10
                                                         27-Nov-09




                                                                                                            13-Dec-09
                                                                                                                             17-Dec-09
                                                                                                                                              21-Dec-09
                                                                                                                                                                25-Dec-09
                                                                                                                                                                                   29-Dec-09




                                                                                                                                                                                                                                                                                                                                                                              11-Feb-10
                                                                                                                                                                                                                                                                                                                                                                                          15-Feb-10
                                                                                                                                                                                                                                                                                                                                                                                                       19-Feb-10
                                                                                                                                                                                                                                                                                                                                                                                                                    23-Feb-10
                                                                                                                                                                                                                                                                                                                                                                                                                                  27-Feb-10




                                                                                                                                                                                                                                                                                                                                                                                                                                                                               11-Mar-10
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 15-Mar-10
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     19-Mar-10
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         23-Mar-10
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 27-Mar-10
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     31-Mar-10
                                                                                 SPOT                                       18-Dec-09                                                          19-Jan-10                                                                          19-Feb-10                                                         19-Mar-10                                         19-Apr-10                                            19-May-10                                                             21-Jun-10




         The total quantity traded in Crude Oil was 110.342 lakh tonnes valued at Rs. 28946.039
crore.

iii) Copper
        The ready price of Copper, which was quoted at Rs. 319.03 per kg on 27.11.2009 rose to
Rs. 353.33 on 31.03.2010, showing a rise of 10.75%. In the futures section, the price which was
quoted at Rs. 321.50 per kg (February 2010 contract) on 27.11.2009 rose to Rs. 351.35 per kg
(April 2010 contract) on 31.03.2010 showing a rise of 9.28%.

         The graph indicating ready and future prices of copper at ICEX, Gurgon is given below.

                                                                                                                                                                                                                    Spot & Futures prices of Copper at ICEX


                             360



                             350



                             340
              Rs. per Kg




                             330



                             320



                             310



                             300
                                             27-Nov-09

                                                         1-Dec-09

                                                                      5-Dec-09

                                                                                   9-Dec-09

                                                                                                13-Dec-09

                                                                                                                17-Dec-09

                                                                                                                                  21-Dec-09

                                                                                                                                                    25-Dec-09

                                                                                                                                                                       29-Dec-09

                                                                                                                                                                                           2-Jan-10

                                                                                                                                                                                                                 6-Jan-10

                                                                                                                                                                                                                                       10-Jan-10

                                                                                                                                                                                                                                                               14-Jan-10

                                                                                                                                                                                                                                                                                  18-Jan-10

                                                                                                                                                                                                                                                                                                    22-Jan-10

                                                                                                                                                                                                                                                                                                                     26-Jan-10

                                                                                                                                                                                                                                                                                                                                     30-Jan-10

                                                                                                                                                                                                                                                                                                                                                     3-Feb-10

                                                                                                                                                                                                                                                                                                                                                                  7-Feb-10

                                                                                                                                                                                                                                                                                                                                                                              11-Feb-10

                                                                                                                                                                                                                                                                                                                                                                                          15-Feb-10

                                                                                                                                                                                                                                                                                                                                                                                                        19-Feb-10

                                                                                                                                                                                                                                                                                                                                                                                                                      23-Feb-10

                                                                                                                                                                                                                                                                                                                                                                                                                                    27-Feb-10

                                                                                                                                                                                                                                                                                                                                                                                                                                                    3-Mar-10

                                                                                                                                                                                                                                                                                                                                                                                                                                                                    7-Mar-10

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     11-Mar-10

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         15-Mar-10

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             19-Mar-10

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     23-Mar-10

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             27-Mar-10

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 31-Mar-10




                                                                                                                                                                               SPOT                                                     26-Feb-10                                                                30-Apr-10                                             30-Jun-10                                    31-Aug-10



       The total quantity traded in Copper contracts was 8.383 lakh tonnes valued at Rs.
27889.390 crore.



                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             40
iv) Silver
        The ready price of Silver, which was quoted at Rs. 28002.00 per kg on 27.11.2009
declined to Rs. 26837.55 on 31.03.2010, showing a fall of 4.16%. In the futures section, the price
which was quoted at Rs. 28945.00 per Kg (March 2010 contract) on 27.11.2009 declined to
Rs.26956.00 per Kg (May 2010 contract) on 31.03.2010 showing a fall of 6.87%.

                                                                                                                                                       Spot & Futures prices of Silver at ICEX


                          30000




                          27500
             Rs. per Kg




                          25000




                          22500
                                  27-Nov-09

                                              1-Dec-09

                                                         5-Dec-09

                                                                    9-Dec-09

                                                                               13-Dec-09

                                                                                           17-Dec-09

                                                                                                       21-Dec-09

                                                                                                                   25-Dec-09

                                                                                                                               29-Dec-09

                                                                                                                                           2-Jan-10

                                                                                                                                                      6-Jan-10

                                                                                                                                                                 10-Jan-10

                                                                                                                                                                              14-Jan-10

                                                                                                                                                                                          18-Jan-10

                                                                                                                                                                                                      22-Jan-10

                                                                                                                                                                                                                  26-Jan-10

                                                                                                                                                                                                                              30-Jan-10

                                                                                                                                                                                                                                          3-Feb-10

                                                                                                                                                                                                                                                     7-Feb-10

                                                                                                                                                                                                                                                                  11-Feb-10

                                                                                                                                                                                                                                                                              15-Feb-10

                                                                                                                                                                                                                                                                                          19-Feb-10

                                                                                                                                                                                                                                                                                                       23-Feb-10

                                                                                                                                                                                                                                                                                                                   27-Feb-10

                                                                                                                                                                                                                                                                                                                               3-Mar-10

                                                                                                                                                                                                                                                                                                                                          7-Mar-10

                                                                                                                                                                                                                                                                                                                                                     11-Mar-10

                                                                                                                                                                                                                                                                                                                                                                 15-Mar-10

                                                                                                                                                                                                                                                                                                                                                                             19-Mar-10

                                                                                                                                                                                                                                                                                                                                                                                         23-Mar-10

                                                                                                                                                                                                                                                                                                                                                                                                     27-Mar-10

                                                                                                                                                                                                                                                                                                                                                                                                                 31-Mar-10
                                                                                                                                           SPOT                              2-Mar-10                             3-May-10                                      1-Jul-10                              1-Sep-10




       The total quantity traded in all contracts of silver was 0.0668 Lakh tonnes valued at Rs.
17964.244 crore.


V) NATIONAL BOARD OF TRADE (NBOT), INDORE

        The NBOT, Indore accounted for 0.78% of the total value of trade during the year 2009-
10. In actual terms the total value of trade in NBOT, Indore was Rs. 60,449.52 crore. During the
year, Soy bean, Soy oil and Mustardseed commodities were traded at NBOT, Indore. Of these Soy
bean accounted for 99% of the total value of trade.

                                        Total volume and value of trade at NBOT, Indore April 2009
                                                              to March 2010
                                        Commodities       Total         Total Value   % share to
                                                        Volume in       in Rs.Crore     the total
                                                           MT                             value
                                        SOY OIL               127.63        59847.06          99.00
                                        OTHERS                                                                                                                                  2.64                                                                            602.46                                                                                           1.00
                                        Total                                                                                                                     130.27                                                                  60449.520                                                                                                  100.00




                                                                                                                                                                                                                                                                                                                                                                                                                             41
                                                                                                          Total Value and Percentage at NBOT,Indore.
                                                                                                                      April 09 to March 10

                                                                                                                                                                                       Others
                                                                                                                                                                                       1.00%




                                                                                                                                                                                             Soy oil
                                                                                                                                                                                             99.00%

                                                                                                                                                               Soy oil                                                                               Others




NBOT

(i) Soy oil :-

        The ready price of Soy oil at NBOT, Indore which was quoted at Rs.449.30 per 10 Kg
rose to Rs. 451.00on 31.3.2010 registering a rise of 0.38 % over the year.
        In the futures section, trading in 14 contracts were permitted/ traded at NBOT. The price
of April 2009 contract, which was quoted at Rs.447.10 per 10 Kg on 31.3.2009 rose to Rs.447.80
on 31.3.2010 (April 2010 Contact) registering a rise of 0.16% over the year.

         The graph indicating ready and future prices of Soy oil at NBOT, Indore is given below.

                                                                                                                 Spot and future prices of Soy oil at NMCE,Ahmedabad.


                                 530.00

                                 510.00

                                 490.00
                  Rs.per 10 Kg




                                 470.00

                                 450.00

                                 430.00

                                 410.00

                                 390.00
                                          31-Mar-09




                                                                                                                             7-Jul-09
                                                                                                      9-Jun-09

                                                                                                                 23-Jun-09



                                                                                                                                        21-Jul-09




                                                                                                                                                                                                                 13-Oct-09

                                                                                                                                                                                                                             27-Oct-09

                                                                                                                                                                                                                                         10-Nov-09

                                                                                                                                                                                                                                                     24-Nov-09

                                                                                                                                                                                                                                                                 8-Dec-09

                                                                                                                                                                                                                                                                            22-Dec-09

                                                                                                                                                                                                                                                                                        5-Jan-10

                                                                                                                                                                                                                                                                                                   19-Jan-10

                                                                                                                                                                                                                                                                                                               2-Feb-10

                                                                                                                                                                                                                                                                                                                          16-Feb-10

                                                                                                                                                                                                                                                                                                                                       2-Mar-10

                                                                                                                                                                                                                                                                                                                                                  16-Mar-10

                                                                                                                                                                                                                                                                                                                                                              30-Mar-10
                                                                              12-May-09

                                                                                          26-May-09




                                                                                                                                                                            1-Sep-09

                                                                                                                                                                                        15-Sep-09

                                                                                                                                                                                                     29-Sep-09
                                                      14-Apr-09

                                                                  28-Apr-09




                                                                                                                                                    4-Aug-09

                                                                                                                                                                18-Aug-09




                                                                                                                                                                                                    Date

                                            Spot                               Apr-09                            May-09                             Jun-09                             Jul-09                                Aug-09                              Sep-09                            Oct-09                             Nov-09
                                            Dec-09                             Jan-10                            Feb-10                             Mar-10                             Apr-10                                May-10




       The total quantity traded at NBOT, Indore during the period 127.63 Lakh tones Value at
Rs. 59847.06 Crore. The net open position at the Exchange at the end of March 2010 was 16550
MT.




                                                                                                                                                                                                                                                                                                                                                                          42
                                      CHAPTER-IV
                     ACTION AGAINST ILLEGAL FORWARD TRADING
4. Rule 13 of the Forward Contracts (Regulation) Rules, 1954 states as under
        “The Commission shall communicate information in respect of the commission of any
offence under the Act to the concerned police authorities and assist such authorities in
scrutinizing documents referred to by them and in rendering such expert advice as may be
required by them”.

4.1      In pursuance of the provisions of Rule 13 as cited above, the Commission keeps close
surveillance on the activities in illegal forward markets and communicates the intelligence
thereon, to the concerned police authorities for their verification and appropriate enforcement
action. The Commission or its officers are not empowered to conduct search, seizure and
prosecution in respect of the various offences committed under the Act. These powers are vested
with the police authorities in the State/Union Territories. The officers of the Enforcement division
of the Commission assist the police authorities, wherever possible, in organizing and conducting
the raids. Further more, the division also assists the police authorities in scrutinizing the
documents seized by them in the course of their raids against persons conducting illegal forward
trading. Comprehensive scrutiny reports are prepared in the Division, on the basis of the evidence
contained in the documents seized and are then sent to the police authorities for further necessary
action. Apart from carrying out these tasks, the officers of the Enforcement Division also tender
evidence in the different courts of law as “Expert Witnesses”, as and when summoned.

4.2       Though the prohibition on futures trading under Section 17 of the Forward Contracts
(Regulation) Act, 1952 has been revoked completely, the need of enforcement action would
continue, as long as various other forms of illegal forward trading, like “Option” in goods, (which
is totally prohibited under the Act), and “dabba” trading are reportedly prevalent in various parts
of the country.

4.3     The main centers which were reported to have tradition of illegal forward trading in
        various states are Ahamedabad, Bhabhar, Dhoraji, Jamnagar, Junagadh, Surendranagar,
        Rajkot, Morbi, Gondal, Bhuj, etc. in Gujarat; Gwalior, Indore, Ujjain, Bhopal in Madhya
        Pradesh; Mumbai, Kolhapur, Akola, Khamgaon, Nagpur, Amravati, in Maharashtra;
        Bikaner, Shriganganagar, Hanumangarh, Churu, Jaipur, Jodhpur etc. in Rajasthan; Agra,
        Kanpur, Meerut, Muzaffarnagar, Gaziabad, Bareilly in Uttar Pradesh; Adampur, Sirsa,
        Hisar, Nahor, Rohtak in Haryana and Delhi in the state of Delhi. The availability of
        regulated trading platform for futures trading in number of commodities at different
        centers helped in reducing the need or incentive for illegal forward trading to a large
        extent.

4.4     During the period between 01.04.2009 to 31.03.2010, the following enforcement actions
        were initiated under Rule 13 of the FCR (Rules) 1954;

         S.      Activities             Details
         No.
         1        Enquiry         & Enquiry and Inspection of 9 members was undertaken.
                  Inspection      of
                  Books          and
                  Accounts


         2            Surprise           Surprise check of One member and two regional
                                                                                                 43
S.    Activities            Details
No.
          check of the      exchanges were undertaken.
          Members/Exc
          hange:


3         Refereed     to             Referred one matter to EOW, Delhi, two matters
          other agencies               to Commission of       Police  City    Police,
          under Rule 13                Chennai and one matter to Commission of
          of          the              Police, Pune,
          Forward
                                      One matter referred to Director General of Police
          Contracts
                                       , Chhattisgarh and one matter to Director General
          (Regulation)
                                       of Police , Rajasthan
          Rules,    1954
          and       from              DGP Gujarat was informed of Dabba Trading at
          other                        Junagad.
          agencies/
          Police                      A matter was referred from Deesa Police for
          Authorities.                 scrutiny of documents and     computers were
                                       seized from them for violations under FCRA,
                                       1952. The final report has been forwarded to
                                       Deesa Police.

4.        Investigations             On the basis of FIR registered by Delhi Police,
                                      investigation was done by the enforcement
                                      division in the matter of M/S. Abhipara
                                      Commodity Consultants Pvt. Ltd. and M/s. Pritam
                                      Vinay Commodity. The reports in the matter were
                                      sent to the exchanges for further necessary action.
                                      Membership of M/s. Pritam Vinay Commodity has
                                      been terminated by NCDEX & MCX.
                                     Investigation was undertaken in respect of M/s.
                                      Jaypee Commodities on the basis of data (Digital
                                      & Hard Copy) received from IT Department.
                                     Investigation was done in respect of M/s. Insight
                                      Commodity and Futures Pvt. Ltd. The exchanges
                                      were directed to make suitable amendments in the
                                      relevant circulars / regulations/ rules requiring the
                                      members to follow appropriate risk management
                                      system.




                                                                                         44
                                           CHAPTER V
                              ADMINISTRATION AND BUDGET

       The Commission comprises of 3 members including the Chairman Shri B.C. Khatua, IAS
and two members viz. Shri. Rajeev Kumar Agarwal, IRS and Shri. D. S. Kolamkar, IES.

5.1 The functioning of the Commission is done through five divisions, as given in Chapter I.

5.1.1. The group-wise composition of sanctioned strength of the commission is given in Table-1
at page 47.

5.1.2. The Officers and staff belonging to S.C., S.T, Ex-servicemen, OBC, and Physically
Handicapped categories in the Commission is at Table 2 on page 48.

 5.1.3. There is one visually handicapped person and one orthopaedically handicapped person in
this office. There are neither separate budgetary provisions made for the benefit of persons with
the disability nor any special scheme for the benefit of such persons in this office. A statement
giving the details of persons with disability in the different groups viz, „A‟,‟B‟,‟C‟,‟D‟, is given at
Table 2 on page 48.

5.1.4. A committee for hearing grievances of women regarding sexual harassment at work place
has been constituted in this office.

5.2     Budget

        The Budget Estimates of the Commission for the last four years and actual expenditure
incurred there against are given below:-
PLAN– BUDGET ESTIMATES FOR THE LAST FIVE YEARS.

      Year                Budget grant (Revised)                   Actual Expenditure
                               (Rs. Lakhs)                             (Rs. Lakhs)
                         PLAN           NON-PLAN                 PLAN          NON-PLAN
2005-06                      120.00            293.00                 93.28           226.79
2006-07                      200.00            352.00                156.29           278.58
2007-08                     1000.00            387.00                241.89           284.82
2008-09                      400.00            467.00                331.51           406.37
2009-10                      805.00            537.30                719.31           512.71

5.3     Implementation of Official Language policy of the Government.

         In order to ensure effective implementation of Official Language Policy, Official
Language Act 1963 and Official Language Rules 1976, the Commission has taken a number of
initiatives. Quarterly meetings of Official Language Implementation Committee is held under the
Chairmanship of the Chairman on regular intervals and progress made in different areas of
operation is reviewed in the presence of senior officers of the Commission. The Commission is
poised to achieve the target fixed in the Annual Programme. Full compliance of section 3(3) of
Official Language Act 1963 was ensured of Rule 5 and 7 of Official Language Rules 1976 was
complied with and proper check points have been devised to monitor the progress of Hindi. Four
Hindi workshops were organized during the year and officials were briefed about statutory
provisions with respect to Official Language.



                                                                                                    45
         During Hindi fortnight celebrations, which was observed from 2 Sept. to 16 Sept. 2009
various competitions were organized for the staff and they were honoured with cash prize and
certificates. Proper representations of the Commission were ensured in various forums viz Hindi
Advisory Committee and Town Official Language Implementation Committee etc.

        With the help of I.T. section of the Commission unicode/Hindi Software has been
provided to almost all the Officers and staff through intranet.




                                                                                            46
                                            TABLE I
Statement showing the number of posts sanctioned, posts filled and posts lying vacant in FMC as
on 31.03.2010
S.     Name of Post Group (Gazetted/Non-Gazetted)                     Number of Post(s)
No. and Pay Band + Grade Pay                              Sanctioned In position         Vacant
       GROUP „A‟
1.      Chairman                                                     1                1            -
2.     Member                                                        2                2            -
3.     Director IES(Economic Adviser)-FMC                            1                1            -
       Joint Director IES(Director)-FMC                              1                1
4.     Director (Ex-cadre)                                          10                2            8
5.     Secretary                                                                     --
6.     A. Deputy Director (Gr.III IES)                               5                1            4
       B. Deputy Director(Ex-cadre)                                 13                8            5
7.     (A)Assistant Director (Ex cadre)                             14              14             -
       (B) Assistant Director(Grade of IES)                          5                1            4

         Total Group „A‟                                           52             31              21
       GROUP „B‟
8.      Hindi Officer                                               1              1               -
9.     Assistant Secretary                                          1              1               -
10.    Senior P.S.                                                  1              1               -
11.    Private Secretary                                            2              2               -
12.    Economic Officer                                            13              5              08
       Total „B‟ Gazzetted                                         18             10               8
13.    GROUP „B” Non-gazetted Superintendent                        1              1               -
       Total „B‟ Non-gazetted                                       1              1               0

       GROUP „C‟
14.    Deputy Superintendent                                        1               1              -
15.    Stenographer Grade I                                         2               -              2
16.    Translator (Mudia)                                           1               -              1
17.    Translator (Gujarati)                                        1               1              -
18.    Jr.Hindi Translator                                          2              --              2
19.    Junior Research Assistant                                   12               9              3
20.    Stenographer Gr.II                                           2               2              -
21.    Assistant                                                    2               2              -
22.    Stenographer Gr.III                                          5               -              5
23.    Upper Division Clerk                                         7               7
24.    Lower Division Clerk                                         6               6              --
25.    Hindi Typist                                                 1               1               -
26.    Staff Car Driver                                             1               -               1
27.    Computor                                                     4               1               3
         Total of Group „C‟                                        47             30              17

28.    Gestetner Operator                                           1              1               -
29.    Daftary                                                      3              3               -
30.    Sr. Peon                                                     1              1
31.    Peon                                                         7              2               5
32.    Hamal                                                        1              -               1
33.    Safaiwala                                                    2              2               -
34.      Total Group „D‟                                           15              9               6
       GRAND TOTAL:                                               133             81              52

                                                                                            47
                                        TABLE 2

   STATEMENT SHOWING THE REPRESENTATION OF SC/ST/OBC/PH/EXM OF
                           OFFICERS
                        (AS ON 31/03/2010)

Name of Ministry/Department : Ministry of Consumer Affairs, Food & Public Distribution,
Deptt. of Consumer Affairs,
Office/Organisation : Forward Markets Commission, Mumbai.
Group of Sanctioned Total                Number of employees of Col.3    EXM GEN
post         post         number of             belonging to
                          employees                           PH
                          in position
                                      SC ST OBC VH HH OH
     1            2.           3       4    5     6     7      8      9   10       11

 Group A         53           32        3     -   2      1     -     -      -      26
(Gazetted)
 Group B         17           9         1     -   4      -     -     -      -      4
 Gazetted
  Non-           1            1         -     -   -      -     -     -      -      1
 Gazetted
 Group C         47           30        4     1   4      1     -     1      1      18
 Group D         15            9       2      2   1      1     -     -      -       3
                                       **
 TOTAL          133           81       10     3   11     3     -     1      1      52

VH –Visually Handicapped
HH – Hearing Handicapped
OH – Orthopedically Handicapped
EXM – Ex-serviceman
**one Group D employee is SC as well as VH.




                                                                                    48
                                                              Annexure I
LIST OF COMMODITIES NOTIFIED UNDER SECTION 15 OF THE F.C.(R.) ACT 1952.

Sl.                 COMMODITY                        Sl.No.             COMMODITY
No.
      Fibres and Manufactures                                 Oilseeds and Oils
1     Art Silk Yarn                                  38       Celeryseed
2     Cotton Cloth                                   39       Copra Oil/Coconut Oil
3     Cotton pods                                    40       Copra Oilcake/Coconut Oilcake
4     Cotton Yarn                                    41       Copra/Coconut
5     Indian Cotton (Full pressed, half pressed or   42       Cottonseed
      loose)
6     Jute goods (Hessian and Sackings and cloth     43       Cottonseed Oil
      and /or bags, twines and/or yarns mfd by
      any of the mills and/or any other
      manufacturers of whatever nature made
      from jute)
7     Kapas                                          44       Cottonseed Oilcake
8     Raw Jute (including Mesta)                     45       CPO Refined
9     Staple Fibre Yarn                              46       Crude Palm Oil
      Foodgrains and Pulses                          47       Crude Palm Olive
10    Arhar Chuni                                    48       Groundnut
11    Bajra                                          49       Groundnut Oil
12    Barley                                         50       Groundnut Oilcake
13    Gram                                           51       Linseed
14    Gram Dal                                       52       Linseed oil
15    Guar                                           53       Linseed Oilcake
16    Jowar                                          54       Rapeseed Oil/Mustard Oil
17    Kulthi                                         55       Rapeseed Oilcake/         Mustardseed
                                                              Oilcake
18    Lakh (Khesari)                                 56       Rapeseed/Mustardseed
19    Maize                                          57       RBD Palmolein
20    Masur                                          58       Rice Bran
21    Moth                                           59       Rice Bran Oil
22    Mung                                           60       Rice Bran Oilcake
23    Mung Chuni                                     61       Safflower
24    Mung dal                                       62       Safflower Oil
25    Peas                                           63       Safflower Oilcake
26    Ragi                                           64       Sesamum (Til or Jiljilli)
27    Rice or Paddy                                  65       Sesamum Oil
28    Small Millets (Kodan Kulti, Kodra, Korra,      66       Sesamum Oilcake
      Vargu, Sawan, Rala, Kakun, Samai, Vari &
      Banti)
29    Tur Dal (Arhar Dal)                            67       Soy meal
30    Tur(Arhar)                                     68       Soy Oil
31    Urad (Mash)                                    69       Soybean
32    Urad dal                                       70       Sunflower Oil
33    Wheat                                          71       Sunflower Oilcake
      Metals                                         72       Sunflower Seed
34    Copper, Zinc, Lead or Tin                               Spices
35    Gold                                           73       Aniseed
36    Silver                                         74       Betelnuts
37    Silver Coins                                   75       Cardamom

                                                                                            49
Sl.               COMMODITY                   Sl.No.             COMMODITY
No.
76    Chillies                                 93      Potato
77    Cinnamon                                 94      Rubber
78    Cloves                                   95      Seedlac
79    Coriander seed                           96      Shellac
80    Ginger                                   97      Sugar
81    Methi                                    98      Furnace Oil
82    Nutmegs                                  99      Ethanol
83    Pepper                                   100     Cooking Coal
84    Turmeric                                 101     Electricity
      Others                                   102     Natural gas
85    Camphor                                  103     Onion
86    Castorseed                               104     Thermal Coal
87    Chara or Berseem (including charaseed or 105     Carbon credits
      berseemseed)
88    Crude Oil                                106     Methanol
89    Gram Husk (Gram Chilka)                  107     Melted Menthol Flakes
90    Gur                                      108     Mentha Oil
91    Khandsari Sugar                          109     Menthol Crystals
92    Polymer




                                                                               50
                                                                         Annexure II

                            List of the Exchanges


S.No.                         Name of the Exchanges
  A.                    National Multi Commodity Exchanges
 1      National Multi Commodity Exchange of India Ltd., Ahmedabad (NMCE)
 2      Multi Commodity Exchange of India Ltd., Mumbai (MCX)
 3      National Commodity & Derivatives Exchange Ltd., Mumbai (NCDEX)
 4      Indian Commodity Exchange Ltd., Mumbai (ICEX)
 B.                 Commodity Specific Regional Exchanges
 5      Ahmedabad Commodity Exchange Ltd, Ahmedabad
 6      Bikaner Commodity Exchange Ltd, Bikaner
 7      Bombay Commodity Exchange Ltd, Mumbai
 8      Central India Commercial Exchange Ltd, Gwalior
 9      Cotton Association of India, Mumbai
10      The Chember of Commerce, Hapur
11      East India Jute & Hessian Exchange Ltd., Kolkata
12      First Commodity Exchange of India Ltd, Kochi
13      Haryana Commodities Ltd., Sirsa
14      India Pepper & Spice Trade Association, Kochi
15      The Meerut Agro Commodities Exchange Company Ltd, Meerut
16      National Board of Trade, Indore
17      Rajkot Commodity Exchange Ltd., Rajkot
18      Spices & Oilseeds Exchange Ltd, Sangli
19      Surendranagar Cotton Oil & Oilseeds Association Ltd, Surendranagar
20      The Rajdhani Oil & Oilseeds Exchange Ltd, Delhi
21      Vijai Beopar Chamber Ltd., Muzaffarnagar




                                                                                 51
                                                                                  Annexure III

(A)        Trading Permissions granted to National Exchanges during the year.
                                      1. MCX, Mumbai

      S.No.       Name        of        the    Name of the contracts         Date       of
                  Commodities                  permitted for trading         permission
      1.          Almond (New)                 September 2009 to December    15.04.09
                                               2009
      2.          Mild Steel Ingots/ Billets   May 2009 to Sept 2009         20.04.2009
      3.          Mustard Seed                 July 2009 to December 2009    29.04.2009
      4.          Imported Thermal Coal        May 2009 to December 2009     23.04.2009
      5.          Wheat                        June ‟09 to December 2009     20.05.2009
      6.          Yellow Peas                  July ‟09 to Dec „09           29.05.2009
      7.          Short Term CER (NEW)         July to Dec „09               15.06.2009
      8.          Red Arecanut                 Oct.‟09 to Dec.‟09            22.07.2009
      9.          Mild Steel Ingot Billets     Oct.‟09 to Dec.‟09            24.07.2009
                                             2010
      10.         Carbon Credit CER            Feb, May, Aug & Nov. 2010     08.05.2009
      11.         Copper                       Feb, April, June, Aug., &          - do-
                                               Nov.2010
      12.         Crude Oil                    January to December 2101          - do-
      13.         Gold                         Feb., April, June, Aug.,          - do-
                                               Oct.,& Dec 2010
      14.         Silver                       March, May, July, Sept. &         - do-
                                               Dec. 2010
      15.         Silver Mini                  March, May, July, Sept. &         - do-
                                               Dec. 2010
      16.         Kapas                        April 2010                     24.08.2009
      17.         Almond                       January 2010 to December       28.08.2009
                                               2010
      18.         Aluiuminium                               - do-                - do-
      19.         Cardamom                                  - do-                - do-
      20.         Chana                                     - do-                - do-
      21.         Crude Palm Oil                            - do-                - do-
      22.         Heating Oil                               - do-                - do-
      23.         Kapas Khali                               - do-                - do-
      24.         Lead                                      - do-                - do-
      25.         Mild Steel Ingot/ Billets                 - do-                - do-
      26.         Mentha Oil                                - do-                - do-
      27.         Nickel                                    - do-                - do-
      28.         Platinum                                  - do-                - do-
      29.         Refined Soy Oil                           - do-                - do-
      30.         Zink                                      - do-                - do-
      31.         Gold Guinea                               - do-                - do-
      32.         Gold Mini                                 - do-                - do-
      33.         Wheat                                     - do-                - do-
      34.         ATF                            January 2010 to June 2010       - do-
      35.         Castor Seed (RAJ)                         - do-                - do-
      36.         Coriander                                 - do-                - do-
      37.         Electricity Monthly                       - do-                - do-
                                                                                             52
     S.No.      Name          of      the    Name of the contracts Date            of
                Commodities                  permitted for trading      permission
     38.        Electricity Weekly                        - do-             - do-
     39.        Gasoline                                  - do-             - do-
     40.        Guar Seed                                 - do-             - do-
     41         Rubber                                    - do-             - do-
     42         Gold HNI                                  - do-             - do-
     43         Silver HNI                                - do-             - do-
     44         Tin                                       - do-             - do-
     45         Turmeric                                  - do-             - do-
     46         Barley                       Oct 2009 and Dec. 2009      24.09.2009
     47         Natural Gas                  Jan. 2010 to Dec. 2010      30.09.2009
     48         Imported Thermal Coal        January 2010 ton June 2010     -do-
     49         Maize Feed/ Industrial       Nov. 2009 & December 2009   08.10.2009
                Grade
     50         Guar Gum                     November 2009 to January     09.10.2009
                                             2010
     51         Black Pepper                 November 2009 & December     20.10.2009
                                             2009
     52         Kapasia Khali                Jan. 2010 to Dec. 2010       03.11.2009
     53         Soya Bean                                 - do-           28.10.2009
     54         Potato (Agra)                March 2010 to May 2010       18.12.2009
     55         Menthol Flakes (NEW)         Feb. 2010 to July 2010       07.01.2010
     56         Barley                       April 2010 to June 2010      06.01.2010
     57         Maize Feed/ Ind. Grade       February 2010 to June 2010      - do -
     58         ATF                          July to December 2010        24.02.2010
     59         Coriander                    July to December 2010           - do-
     60         Gasoline                     July to December 2010           - do-
     61         Guar seed                    July to December 2010           - do-
     62         Imported Thermal coal        July to December 2010           - do-
     63         Maize – Feed/ Industrial     July to December 2010           - do-
                grade
     64         Potato (Agra)                June to October 2010           - do-
     65         Rubber                       July to December 2010          - do-
     66         Tin                          July to December 2010          - do-
     67         Melted Menthol Flakes        August to December 2010        - do-
     68         Turmeric                     July to December 2010          - do-


                                    2.    NCDEX, Mumbai.

S.No.      Name of the Commodities       Name of the contracts permitted for Date       of
                                         trading                             permission
1.         Sugar - S                     October 2009 to June 2010           08.05.2009
2.         Sugar - M                     October 2009 to June 2010           08.05.2009
3.         Wheat                         June ‟09 to December 2009           20.05.2009
4.         Sugar-S                       October 2009 to June 2009           08.05.2009
5.         Sugar-M                       October 2009 to June 2009           08.05.2009
6.         Cashew                        July ‟09, Sept.‟09 and Nov.‟09      05.06.2009
7.         Furnace Oil                   July ‟09 to December „09                       - do-
8.         Groundnut in shell            July ‟09 to December „09                       - do-
9.         Groundnut expeller oil        July ‟09 to December „09                       - do-

                                                                                         53
S.No.   Name of the Commodities        Name of the contracts permitted for Date                of
                                       trading                                      permission
10.     Polypropylene,                 July ‟09, Aug. ‟09, Oct.‟09, Nov.‟09, & Dec.     - do-
                                       „09
11.     Liner     Low          Density July ‟09, Aug. ‟09, Oct.‟09, Nov.‟09, & Dec.     - do-
        Polyethylene                   „09

12.     Polyvinyl Chloride              July ‟09, Aug. ‟09, Oct.‟09, Nov.‟09, & Dec.       - do-
                                        „09
13.     Masoor                          Aug. ‟09, Oct.‟09 & Dec. „09                       - do-
14.     Mustard Seed Oil                July ‟09 to December „09                           - do-
15.     Mustard Seed Oil Cake           July ‟09 to December „09                           - do-
16.     RBD Palmolein                   July ‟09 to December „09                           - do-

17.     Yellow Peas                     Aug. ‟09, Oct.‟09 & Dec. „09                       - do-
18.     Soya bean Meal : Domestic       July ‟09 to December „09                           - do-
19.     Soya bean Meal : Export         July ‟09 to December „09                           - do-
20.     Sesame seed            July ‟09, Aug. ‟09, Oct.‟09, Nov.‟09, & Dec.                - do-
                               „09
21.     Medium Staple Cotton – July ‟09, Aug. ‟09, Oct.‟09, Nov.‟09, & Dec.                - do-
        Abohar                 „09
22.     Cotton very long (31 mm)        July ‟09, Aug.‟09 Oct.‟09, Nov.‟09 &               - do-
                                        Dec.‟09
23.     Aluminium                       July ‟09 to December „09                           - do-
24.     Nickel                          July ‟09 to December „09                           - do-
25.     Zinc                            July‟09, Aug.‟o9 & Oct.‟09 to December „09         - do-
26.     Groundnut in Shell Bikaner      Aug. 2009, Nov. 2009 &                          01.07.2009
                                        December 2009
                                              2010
27.     Gold International              Jan ‟10, March ‟10, May ‟10 July ‟10, Sept     08.07.2009
                                        ‟10 & Nov.‟10
28.     Silver International            Nov.‟09, Feb ‟10, April ‟10, June ‟10              - do-
                                        Aug.‟10 & Nov.‟10
29.     Cottonseed Oil Cake             Jan‟10 to March ‟10;                            20.07.2009
                                        April 2010 to Sept.‟10 & Dec.‟10
30.     Pepper                          Jan 2010 to Dec. 2010                              - do-
31.     Red Chilli                      Feb.‟10 to April 2010-04-01 June 2010 to           - do-
                                        December 2010
32.     Chana                           January 2010 to December 2010                   08.07.2009
33.     Gur                             - do-                                              - do-
34.     Jeera                           - do-                                              - do-
35.     Rape/Mustard Seed               - do-                                              - do-
36.     Steel Long                      - do-                                              - do-
37.     Turmeric                        - do-                                              - do-
38.     Barley                          January 2010 to June 2010                          - do-
39.     Indian 28.5 mm Cotton                                - do-                         - do-
40.     Dhaniya/ Coriander                                   - do-                         - do-
                                                                                            54
S.No.   Name of the Commodities     Name of the contracts permitted for Date       of
                                    trading                             permission
41      Potato                                         - do-                 - do-
42      Rubber                                         - do-                 - do-
43      Light sweet crude oil                          - do-                 - do-
44      Guar Seed                   January 2010 to December 2010        04.08.2009
45      Guar Gum                    January 2010 to December 2010            - do-
46      Soy Bean                    January 2010 to December 2010            - do-
47      Refined Soy Oil             January 2010 to December 2010            - do-
48      Castor seed                 January 2010 to December 2010               - do-
49      Copper Cathode              February 2010, April 2010, June 2010,       - do-
                                    August 2010 & November 2010
50      Gold 1 Kg                   January 2010 to December 2010               - do-
51      Gold 100 Grames                                - do-                    - do-
52      Silver 30 Kgs                                  - do-                    - do-
53      Silver 5 Kgs                                   - do-                    - do-
54      Wheat                       January 2010 to December 2010             25.08.2009
55      Yellow / Red Maize          January 2010 to June 2010                 07.10.2009
56      Platinum (NEW)              December 2009, March 2010, June 2010,     06.11.2009
                                    Sept 2010 & Dec. 2010
57      Mentha Oil                  January 2010 to June 2010                 12.11.2009
58      Natural Gas (NEW)           January 2010 to December 2010             04.12.2009
59      Expeller    Mustard     Oil February 2010 to June 2010                04.01.2010
        (Kachhi Ghani)
60      Barley                      July 2010 to Dec. 2010                    19.01.2010
61      Yellow Soya Bean Meal :     February 2010 to June 2010                22.01.2010
        Export
62      RBD Palmolein                                 - do-                     - do-
63      Aluminum Ingot                                - do-                     - do-
64      Nickel Cathode                                - do-                     - do-
65      Zinc Ingot                                    - do-                     - do-
66      Brent Crude Oil                               - do-                     - do-
67      Thermal Coal                                  - do-                     - do-
68      Certified        Emission   March 2010 and June 2010                    - do-
        Reduction (CER)
69      Gasoline (NEW)              April 2010 May 2010 & June 2010           01.02.2010
70      Heating Oil (NEW)                              - do-                     - do-
71      Almond (NEW)                March 2010 to Dec. 2010                   09.02.2010
72      Led (NEW)                   March 2010, April 2010, May 2010 & June   16.02.2010
                                    2010
73      Crude Palm Oil              March2010 to August 2010                  03.03.2010
74      Coriander / Dhania          July 2010 to December 2010                03.03.2010
75      Maize – Yellow/Red          July 2010 to December 2010                  - do-
76      Mentha Oil                  July 2010 to December 2010                  - do-
77                                  July 2010, August 2010 &                    - do-
        Potato                       September 2010
78      Rubber                      July 2010 to December 2010                  - do-


                                                                                 55
S.No.    Name of the Commodities     Name of the contracts permitted for Date         of
                                     trading                               permission
79                                   July 2010, August 2010, October 2010,     - do-
         Indian 28.5 mm Cotton       November 2010 & December 2010
80                                   19 July 2010, 19 August 2010,                    - do-
                                     20 September 2010, 19 October 2010,
         Light Sweet Crude Oil       18 November 2010 & 17 December 2010
81       Kacchi Ghani Mustard Oil    July 2010 to December 2010                       - do-


                                 3. NMCE, Ahmedabad

S.No.   Name of the Commodities     Name of the contracts permitted for trading   Date       of
                                                                                  permission
1.      Kalyan Kapas V-797          December 2009                                  02.04.2009
2.      Aluminium                   July 2009 to September 2009                    13.04.2009
3.      Nickel                      July 2009 to September 2009                       - do-
4.      Silver                      July ‟09 & Sept.‟09                               - do-
5.      Copper                      July ‟09 & Sept.‟09                               - do-
6.      Copper (Revised)            June‟09, Aug.‟09 and Nov.‟09                   13.05.2009
7.      Wheat                       June ‟09 to December 2009                      20.05.2009
8.      Aluminium                   October „09, November „09 & December „09       01.06.2009
9.      Nickel                      October „09, November „09 & December „09          - do-
10.     Silver                      December „09                                      - do-
11.     Castor Seed                 January 2010 to December 20                    15.06.2009
12.     Chana                                           - do-                         - do-

13.     Coffee Rep Bulk                                   - do-                       - do-
14.     Copra                                             - do-                       - do-
15.     Guar Gum                                          - do-                       - do-

16.     Guar Seed                                         - do-                       - do-
17.     Isabgul Seed                                      - do-                       - do-
18.     Kilo Gold                                         - do-                       - do-

19.     Lead                                              - do-                       - do-
20.     Menthol Crystal                                   - do-                       - do-
21.     Pepper                                            - do-                       - do-

22.     Rape/ Mustard Seed                                - do-                       - do-
23.     Sacking                                           - do-                       - do-
24.     Soyoil                                            - do-                       - do-

25.     Turmeric                                          - do-                       - do-
                                          2010
26.     Aluminium                   January 2010 to June 2010                         - do-


                                                                                       56
S.No.   Name of the Commodities   Name of the contracts permitted for trading   Date           of
                                                                                permission
27.     Nickel                                        - do-                         - do-

28.     Rubber                                        - do-                            - do-
29.     Zink                                          - do-                            - do-
30.     Cardamom                                      - do-                            - do-

31.     Raw Jute                                      - do-                            - do-
32..    Kalyan Kapas                                  - do-                            - do-
33.     Gold (Vol. in kgs)                            - do-                            - do-

34.     Silver (Vol. in kgs)                          - do-                            - do-
35.     Copper                    January 2010 to June 2010                      25.06.2009
36.     Gold Guinea               October 2009 to March 2010                     29.09.2009
37.     Gold Guinea               April 2010 to December 2010                    19.01.2010
38.     Rubber                    July 2010 to December 2010                     21.01.2010
39.     Aluminium 5 Ton                              - do-                          - do-
40.     Nickel                                       - do-                          - do-
41.     Zinc                                         - do-                          - do-
42.     Raw Jute                                     - do-                          - do-
43.     Silver                    July 2010, Sept. 2010 and Dec. 2010               - do-
44.     Copper                    August 2010 and November 2010                     - do-
45.     Cardamom                  July 2010 to December 2010                        - do-
46.     Gold                      July 2010 to December 2010                        - do-

                                  ICEX, New Delhi

S.No.   Name of the Commodities   Name of the contracts permitted for trading   Date           of
                                                                                permission
1.      Guar Seed                 February, 2010 to December, 2010.

2.      Mustard Seed/Rape Seed    April, 2010 to December, 2010.

3.      Refined Soy Oil           February, 2010 to December, 2010.

4.      Turmeric                  April, 2010; to December, 2010.

5.      Soy Bean                  February, 2010 to December, 2010.

6.      Gold                       April, 2010; June, 2010; August, 2010;
                                  October, 2010; and December, 2010.             09.10.2009
7.      Gold 100 Gms              February, 2010; to December, 2010.

8.      Silver                    May 2010; July 2010; September 2010; and
                                  December, 2010.
9.      Silver 5 Kg               May 2010; July 2010; September 2010; and
                                  December, 2010.
10.     Crude Oil                 February 2010 to December, 2010.

11.     Natural Gas               January, 2010; to December, 2010.

12.     Copper Cathode            April, 2010; June, 2010; August, 2010; and
                                                                                       57
                                  November, 2010.
13.     Lead                      February, 2010 to December, 2010.




               (B) Trading Permissions granted to the Regional Exchanges

S.No.     Name of the      Name of the           Name of the deliveries         Date of
           Exchange        commodities                                         permission
  1.    BCE        Ltd., Guar seed         July 2009                            13.04.09
        Bikaner          Guar seed         November 2009                        07.08.09
                         Guar seed         January 2010                         12.10.09
                         Guar seed         March 2010                           25.01.10
                         Guar seed         September 2009                       19.06.09
                         Guar seed         May 2010                             15.02.10
  2.    ROOE, Delhi      Mustard seed      August 2009                          13.04.09
                         Mustard seed      November 2009                        15.07.09
                         Mustard seed      February 2010                        12.10.09
  3.    HCL, Sirsa       Mustard seed      July 2009                            20.04.09
                         Mustard seed      September 2009                       15.06.09
                         Mustard seed      November 2009 and January 2010       31.08.09
                         Mustard seed      March 2010 and May 2010              30.12.09
                         Cotton seed oil   July 2009                            21.04.09
                         cake
                         Cotton seed oil   September 2009                       19.06.09
                         cake
                         Cotton seed oil   March 2010 and May 2010              30.12.09
                         cake
  4.    ACE        Ltd., Castor seed       October 2009 and December 2009       05.05.09
        Ahmedabad
                         Castor seed       February 2010 and April 2010         19.08.09
                         Castor seed       June 2010 and August 2010            04.01.10
  5.    IPSTA, Kochi     Pepper MG 1 and   MG 1 = December 2009, January        05.05.09
                         550 GL            2010 and February 2010
                                           550 GL = June 2009, July 2009
                                           and August 2009
                         Pepper 550 -GL    September 2009, October 2009 and     02.06.09
                                           November 2009
                         Pepper MG 1       March 2010, April 2010 and May       30.07.09
                                           2010
                         Pepper MG-1       June 2010, July 2010 and August      04.11.09
                                           2010
                         Pepper MG-1       September 2010, October 2010, and    05.02.10
                                           November 2010
  6.    NBOT, Indore     Soya oil and August 2009 to February 2010              01.06.09
                         Soya bean
                         Rape/Mustard      January 2010, February 2010 and      03.11.09
                         seed              May 2010
                         Soya oil          March 2010                           21.01.10
                         Soya oil, Soya April 2010, May 2010 and June           26.02.10
                         bean and Soya 2010
                         meal
  7.    COC, Hapur       Mustard     seed/ September 2009, November 2009        08.06.09

                                                                                   58
                       Rapeseed           and January 2010
                       Mustard seed/      March 2010, May 2010 and July          17.11.09
                       Rapeseed           2010
                       Gur                July 2009.                             09.06.09
                                          Commission permitted the above
                                          delivery with modification in
                                          Maximum/Minimum price limit
                                          (from 15% to 20% and special
                                          margin limit (from 10% in 1st slab
                                          and 12% in 2nd slab to 12% in 1st
                                          slab and 16% in 2nd slab
                                          respectively.
                       Gur                December 2009                          19.06.09
                                          Commission permitted the said
                                          delivery with modification in
                                          Daily/Weekly price fluctuation
                                          limit ( from Rs. 40/- to Rs.60/-
                                           per qntl.)
                       Gur                March 2010                             12.11.09
                                          Commission permitted this Gur
                                          delivery with the changes made by
                                          the Exchange in i) Daily price
                                          fluctuation limit from Rs.60/- per
                                          qntl.to Rs.40/- per qntl., ii)
                                          Maximum/ Minimum price limit
                                          from 20% to 10% and iii) special
                                          margin limit from 12% and 16%
                                          (two slabs) to 8% (only one slab).
                       Gur                May 2010                               03.02.10
8.    EIJHE, Kolkata   TSD – Jute goods   July – September 2009                  16.06.09
                       TSD-Jute goods     October – December 2009                21.07.09
                       TSD – Jute goods   January – March 2010                   21.10.09
                       TSD – Jute goods   April – June 2010                      18.01.10
                       Raw jute           September 2009                         03.08.09
                       Raw jute           December 2009                          21.10.09
                       Raw Jute           February 2010 and March 2010           21.01.10
9.    VBC,             Gur                December 2009                          19.06.09
      Muzaffarnagar                       Commission permitted the said
                                          delivery with modifications in i)
                                          Daily/ Weekly price fluctuation
                                          limit (from Rs.40/- to Rs.60/- per
                                          qntl.), Maximum/Minimum price
                                          limit (from 15% to 20%) and
                                          special margin limit (from 8% in 1st
                                          slab and 12% in 2nd slab to 12% in
                                          1st slab and 16% in 2nd slab
                                          respectively).
                     Gur                  March 2010                             12.11.09
                     Gur                  May 2010                               21.01.10
10.   MACE co. Ltd., Gur                  December 2009                          19.06.09
      Meerut                              Commission permitted the said
                                          delivery with modification in
                                          Daily/Weekly price fluctuation
                                          limit (from Rs.50/- to Rs.60/- per
                                          qntl.)
                                                                                    59
                          Gur                March 2010                        26.10.09
                          Gur                May 2010                          25.01.10
                          Gur                July 2010                         31.03.10
11.   CICE          Ltd., Mustard seed       November 2009                     19.06.09
      Gwalior
                          Mustard seed       May 2010                          16.09.09
12.   FCEI, Kochi         Coconut oil        December 2009, January 2010,      09.07.09
                                             February 2010 and March 2010
                          Copra              December 2009, January 2010,      18.09.09
                                             February 2010 and March 2010
                       Copra             and April 2010, May 2010, June 2010   12.11.09
                       Coconut oil           and July 2010
                       Copra             and August 2010, September 2010,      15.03.10
                       Coconut oil           October 2010 and November 2010
13.   BOOE, Bhatinda Gur                     December 2009                     15.07.09
                       Gur                   March 2010                        04.11.09
                       Gur                   May 2010                          01.02.10
14.   RCEL, Rajkot     Castor seed           March 2010                        08.09.09
                       Castor seed           June 2010                         01.02.10
15.   BCE        Ltd., Castor seed           February 2010, April 2010, June   16.09.09
      Mumbai                                 2010, August 2010, October 2010
                                             and December 2010
16.   SCOOA      Ltd., Kapas                 May 2010                          11.08.09
      Surendranagar




                                                                                  60
                                                                                     Annexure IV

Guidelines for allowing position limits to the NAFED:

(a)    To begin with, the aggregate position limits for NAFED would be restricted to the existing
       member level limits or 15% of the market wide open interest whichever is higher for each
       commodity.     The existing client level limits would be applicable to the branches of
       NAFED.
(b)    The NAFED and its branches can avail of separate hedge limits apart from the normal
       limits. These limits would be subject to specific conditions stipulated by the Exchange for
       effective monitoring of utilization of the sanctioned hedge limits and subject to
       submission of requisite documents, viz, branch application letter seeking exemptions,
       approval of MD(or Senior official of NAFED authorized by MD) , identification of the
       commodity and purpose of taking up the positions etc. No hedge exemptions would be
       granted during near month period and the positions will be subjected to near month limit.
(c)   The Managing Director of the NAFED will authorize and allocate limits to each of its
       branches/office for each commodity. Such specific authorization should be submitted at
       the time of seeking approval for exemption from the Exchange,
(d)    The Exchange would monitor the position limits at NAFED level and at branch level on a
       daily basis and any violation shall be dealt with as per the guidelines applicable for client
       level OI violations and prescribed penalty shall be levied. The Exchange would put in
       place proper mechanism to monitor such positions,
(e)    The NAFED shall register its branches as separate clients with members of the Exchange
       with distinctive client code to represent different branches,
(f)    On observing any trading malpractice or undue influence on the market, exemptions in
       limits would be forthwith withdrawn,
(g)    The decision of the Exchange/FMC will be binding on NAFED and its branches.




                                                                                                 61
                                                                                 Annexure V-A

            GUIDELINES FOR GRANT OF RECOGNITION TO NEW
     NATIONAL COMMODITY EXCHANGE UNDER THE PROVISIONS OF THE
                 FORWARD CONTRACTS (REGULATION)
                      Dated 14th May 2008

Preamble


        Forward trading in commodities is regulated under the provisions of the Forward
Contracts (Regulation) Act, 1952 (hereinafter referred as FCR Act). The Associations / companies
organizing such trading are required to obtain recognition from the Government of India under the
FCR Act. At present, there are 22 recognized Commodity Exchanges including 3 National Multi
Commodity Exchanges (NMCEs).


2.      The volumes of trades in the commodities derivative market has increased manifold after
setting up of electronic Exchanges with „national‟ status.


3.      Grant of recognition to new National Commodity Exchanges was done within the
framework of Press Note issued on 8th March 2002. 3 National Exchanges came in to existence in
late 2003 through this process. The Commodity Futures Markets has grown substantially since
then. There is a renewed interest in establishing new National Commodity Exchanges.
Accordingly, the question of formulation of a framework governing establishment of National
Commodity Exchanges was under consideration of Government for some time past. The
Government hereby lays down the revised guidelines for making an application for setting up of a
nation-wide Multi-Commodity Exchange in future, as under.


Revised Guidelines


4.      A two stage process will be followed for granting recognition to a new Exchange.


First Stage


5.      In the first stage, applications for setting up of a Nation-wide Multi Commodity Exchange
may be submitted by reputed associations / companies / organizations or consortium of such
entities to the Government through the Forward Markets Commission (hereinafter referred to as
the Commission), the commodity futures market regulator. The Government, on being satisfied
that it would be in the interest of trade and also in the public interest to do so, may grant in-

                                                                                              62
principle approval for setting up of a National Multi Commodity Exchange. In-principle approval
may be granted to the applicant who fulfills the following criteria:


5.1.    The proposed Exchange, sponsored/promoted by Associations/ companies/organizations
or a consortium of such entities should be registered as a public limited company incorporated
under the Companies Act, 1956 with a minimum authorized equity capital of Rs. 100 crore.


5.2.    The proposed Exchange shall have a demutualised structure, i.e., the share holders of the
Exchange shall not have any trading interest either as a trading member or as a client at the
Exchange.


5.3.    While applying for in-principle approval, the proposed equity Shareholding pattern of the
Exchange should be as under –


            a) One or more of the initial partners/members of the promoter consortium must be a
                 Government Company/ Companies, as defined in the Companies Act 1956,
                 contributing at least 26 % of the paid up equity capital of the proposed Exchange.


            b) The Share holding of institutional investors as defined below shall not be less than
                 20% with a minimum of 10% from category (ii).


                   (i) Stock / Commodity Exchanges, Banks and public financial institutions;


                   (ii) Government Companies as defined in the Companies Act, 1956, Co-
                       operative Societies as defined in the Societies Act, Federations
                       manufacturing or marketing agri-inputs or marketing agri-produce or
                       owning and operating warehouses.


            c) No individual shall hold more than 1% of the paid up equity capital of the
                 Exchange and the total of such individual holdings shall not exceed 25% of the
                 paid up capital.


            d)   Subject to the shareholding limits prescribed herein before, no single shareholder
                 either individually or together with persons acting in concert with it shall be
                 allowed to hold more than 40% of the paid up equity capital of the proposed
                 Exchange.


            e) Investment in the initial paid up capital by shareholders shall be subject to a lock-
                 in period of three years from the date of recognition of the Exchange, except with
                                                                                                 63
                   the prior approval of the Forward Markets Commission. However, in exceptional
                   cases the period can be relaxed by up to one year by the Forward Markets
                   Commission.


               f) (i) Any investor having shareholding in excess of 26% has to bring it down to
                   26% or below within two years beginning with the 4th year from the date of
                   recognition of the Exchange.


                   (ii) After the expiry of the period as specified at (i), it will be obligatory on the
                   investors to align the shareholding pattern, as per the guidelines notified by the
                   Government from time to time.


5.4.       The Exchange shall ensure complete separation of ownership and management. It shall
have a Professional management headed by a Chief Executive Officer. The appointment, renewal
and removal of the CEO shall be done in the manner as prescribed by the Commission.


5.5.       The promoters of the proposed Exchange shall submit a formal agreement amongst
themselves on issues related to the setting up of the Exchange and written commitment for equity
investment from promoters/ investors, including institutional investors. The formal agreement
shall, inter alia, contain the extent of equity investment from each of the investors, equity holding
in the short and long term in the authorized and paid up capital of the Exchange, main place of
business and registered office, etc.


5.6.       Each of the promoters of the proposed Exchange must be a fit and proper person. The
criteria for „a fit and proper person‟, shall be as at Annexure-I.


6. Submission of proposal


6.1.       The detailed proposal should be sent to the Chairman, Forward Markets Commission,
           Government of India, Everest, 3rd Floor, 100, Marine Drive, Mumbai – 400 002, along
           with:


       a) a non-refundable processing fee of Rs.5,00,000/- (Rupees Five Lakh only) in the form of
           crossed demand draft issued by any nationalized bank in favour of Forward Markets
           Commission, payable at Mumbai. Applications without the processing fee shall not be
           entertained by FMC.


       b) Details of the present business of each of the promoters/ constituents;


                                                                                                     64
       c) Networth of each of the promoters / constituents.


       d) Audited accounts of each of the promoters / constituents for the last 3 years;


       e) Business plan for the proposed Exchange and schedule for operationalisation of the
           Exchange from the date of in-principle approval.


       f) Proposed capital expenditure and sources of funds;


       g) Clear confirmation of the location of the registered office and main place of business of
           the proposed Exchange;


       h) Affidavit by the authorized signatory of each of the promoters of the Exchange affirming
           that they don‟t attract the disqualifications listed at Annexure-I.


6.2.       The proposal should be submitted in the form of a comprehensive Project Report giving,
inter-alia, justification for setting up a new exchange, details of the management structure,
investment plan, business plan, system of trading, clearing and settlement (including settlement
guarantee), customer protection, details of infrastructure for handling physical delivery including
the warehousing and assaying arrangements along with the strategy for implementation thereof.
However, FMC may seek other details, as it may deem appropriate.


7.         Government     may grant      in-principle   approval after     taking    into account the
recommendations of the Commission.


8. An applicant granted in-principle approval shall be required to submit to the FMC a bank
guarantee of Rs 50,00,000 (Rupees Fifty Lakh only) issued by a nationalized bank with a validity
period of 21 months and a further claim period of 3 months and drawn in favour of „Director,
Forward Markets Commission, Mumbai‟, within fifteen days of grant of                in-principle approval
for setting up the Exchange.


Second Stage


9.           In the second stage, the applicant who has been granted in-principle approval will have
to comply with the following conditions within a period of one year from the date of grant of in-
principle approval. The Exchange shall:


           (i)     bring paid up capital of at least Rs 100 crore as per the proposed equity capital
                   structure subject to the guidelines of para 5(2);
                                                                                                      65
        (ii)     set up facilities for online trading with national reach and an efficient real time
                 monitoring and surveillance system;


        (iii)    provide for an efficient clearing and settlement system including establishment of
                 a Settlement Guarantee Fund;


        (iv)     arrange for an efficient delivery mechanism through an adequate network of
                 accredited warehouses,


        (v)      have an independent and professional management;


        (vi)     provide for adequate infrastructure for dissemination of real time price and trade
                 information;


        (vii)    provide for adequate infrastructure for research and development on commodities,
                 contracts and development of trade;


        (viii)   submit draft rules, regulations and bye-laws for conduct of business for in-
                 principle approval of the Commission;


        (ix)     plan for a network of well organized and capitalized brokerage houses as
                 members and other intermediaries. However, no membership subscription or
                 deposit of any nature shall be collected before grant of recognition to the
                 Exchange.      No shareholder shall be allowed to be a trading member of the
                 Exchange.


        (x)      Provide for efficient and effective grievance redressal mechanism.



10.1    In case of failure to fulfill the above laid down conditions within the stipulated time, the
Government reserves the right to revoke the in principle approval so granted without assigning
further reasons. Extension beyond the stipulated period may be granted only in exceptional cases
on genuine grounds but not exceeding three months.


10.2    In the event of the applicant failing to establish the Exchange within the stipulated period
of time or extended period of time, as the case may be the bank guarantee shall be invoked and the
amount shall be forfeited.


                                                                                                 66
11. The Government, on satisfactory fulfillment of the condition stipulated and after taking in to
account the recommendations of the Commission in this regard, may grant recognition to the
proposed Exchange.


12.     The Government / FMC reserves the right to prescribe any other condition if it deems fit
for orderly developments of the market and reject an application at any stage without assigning
any reasons.




                                                                                               67
CRITERION FOR A PERSON TO BE DEEMED TO BE „A FIT AND PROPER PERSON‟

        For the purpose of these guidelines, a person shall be deemed to be a fit and proper person
if -
        (i) such person has a general reputation and record of fairness and integrity, including but
not limited to –
                      (a) financial integrity;
                      (b) good reputation and character; and
                      (c) honesty.


        (ii) such person has not incurred any of the following                 dis-qualifications -
                (a)       the person or any of its whole time directors or managing partners has been
                          convicted by a Court for any offence involving moral turpitude or any
                          economic offence, or any offence against any laws;
                (b)       an order for winding up has been passed against the person;
                (c)       the person or any of its whole time directors or managing partners has been
                          declared insolvent and has not been discharged;
                (d)       an order, restraining, prohibiting or debarring the person, or any of its whole
                          time directors or managing partners from dealing in commodities / securities
                          or from accessing the market has been passed by any regulatory authority
                          and a period of three years from the date of the expiry of the period specified
                          in the order has not elapsed;
                (e)       any other order against the person or any of its whole time directors or
                          managing partners which has a bearing on the commodities market, has been
                          passed by any regulatory authority and a period of three years from the date
                          of the order has not elapsed;
                (f)       the person has been found to be of unsound mind by a Court of competent
                          jurisdiction and the finding is in force; and
                (g)       the person is financially not sound.


        (iii)         If any question arises as to whether a person is a fit and proper person, the
decision of the Forward markets Commission in this behalf shall be final.




                                                                                                      68
                                                                                 Annexure V (B)
                            Guidelines on the Equity Structure of the

             Nationwide Multi Commodity Exchanges after five years of operation∗
                                                                          th
F. No. 12/1/2007-IT                                              Dated 29 July 2009

Preamble
The Commodity Futures Derivative markets were opened up in 2002 and have witnessed very
rapid growth thereafter. The commodity exchanges have played a key role in their expansion. The
Government recognized and licenced three Nationwide Multi Commodity Exchanges (NMCEs) -
MCX, NCDEX and NMCE – who have completed five years of their operations in the commodity
derivatives market (CDM). The Forward Markets Commission has been issuing, from time to time
guidelines and directions aimed at better governance, transparency and investor confidence in the
CDM.
2. Recently, on May 14,2008, the Government has issued guidelines for setting up of a new
National Multi Commodity Exchange to further strengthen the existing infrastructure in CDM. In
the said Guidelines, para No. 5.3 has set the framework for shareholding and clause (f) of the said
para has provided for the revision of shareholding of a Nationwide Multi Commodity Exchange
(hereinafter referred to as “National Commodity Exchange” or “NCE” in short) after the
completion of 5 years of operation in the CDM. Therefore, all the National Commodity Exchanges
after completion of 5 years of operations need to align their shareholding pattern with the
shareholding pattern as specified below, within a period of one year failing which the concerned
National Exchange will be liable to lose its national status. This would mean that its recognition
for all commodities notified under section 15 or
                                                th
∗
    As Amended vide F. No. 12/1/2007-IT, dated 9 July 2010




                                                                                                69
otherwise not prohibited under section 17 of the Forward Contracts (Regulation) Act, 1952 will be
converted into recognition in specific commodities as may be listed in the recognition notification
and that too for specified period which will need to be renewed from time to time. The said period
of one year may be extended by the Forward Markets Commission in exceptional cases on
genuine grounds for a further period not exceeding one year.
(Explanation: “National Commodity Exchange” means a demutualised Commodity Derivative
Exchange with an independent professional management, an electronic trading platform, all India
operations and recognized under section 6 of the Forward Contracts (Regulation) Act, 1952 for
trading in all commodities notified u/s 15 or otherwise not prohibited for trading u/s 17 of the said
Act.)
       This issue has been under the consideration of the Government for some time and it is
now pleased to issue the following guidelines in this behalf.

Guidelines
3. Government has powers to issue new guidelines. Guidelines for conversion of Regional
Exchanges into National Commodity Exchange needs to be spelt out. This issue has been under
the consideration of the Government for some time back and after revisiting and reviewing the
current ownership structure of the existing National Commodity Exchanges, the following
Guidelines are laid down:
3.1 All National Commodity Exchanges should have a paid up equity capital of atleast Rs. 50
        crore and Networth* of atleast Rs. 100 crore as a going concern and on a continuous basis.
        (* Note: Networth is defined in the enclosed Note 1)


3.2 The total shareholding of the class of entities mentioned below should not be less than 26%:

              i. Government Companies, as defined in the Companies Act 1956;
              ii. Banks and Public financial institutions;
              iii. Government Companies as defined in the Companies Act, 1956, Cooperative
                   Societies as defined in the Societies Act and Federations
                                                         th
∗
    Clause 3.3 amended vide F. No. 12/1/2007-IT, dated 9 July 2010
               manufacturing or marketing agri inputs or marketing agri-produce or owning and
                   operating warehouses; and
               iv. Warehousing Companies in the private sector having minimum five years‟
                   standing in warehousing business and owning and operating warehouses in at
                   least two states.

          However, the total shareholding of the Government companies mentioned in sub paras (i)
          and (iii) above shall not be less than 10%.

          3.3∗ No shareholder, except the original promoters/investors, at the time of recognition as
                 an NCE, either individually or together with persons acting in concert with it,
                 shall hold more than 15% of the paid up equity capital of the Exchange. For
                 original promoters/investors this limit will be the maximum of 26%.
                  In case the shareholding of each of the original promoters/investors including the
                  Anchor-Investor falls below 15%, one of the shareholders including the new
                  shareholders may be allowed by FMC to act as Anchor-Investor and to increase
                  its equity shareholding to a maximum of 26%.
                  The shareholding of Stock / Commodity Exchange (s) will, however, be governed
                  by the conditions contained in Para 3.4 of these guidelines.
                                                                                                   70
        (Explanation: “Anchor-Investor” is an investor who plays the lead role in managing the
               National Commodity Exchange.)”
                                                               th
        ∗
            Clause 3.4 amended vide F. No. 12/1/2007-IT, dated 9 July 2010

        3.4∗ (a) The shareholding of any single Stock Exchange alongwith the persons acting in
                concert shall not be more than 5% of the subscribed and paid up equity capital of
                the said National Commodity Exchange. The cumulative shareholding of Stock
                Exchanges in the relevant National Commodity Exchange shall not be more than
                10%.
        (b) The shareholding of any single Commodity Exchange alongwith the persons acting in
                concert shall not be more than 15% of the subscribed and paid up equity capital of
                the said National Commodity Exchange.
        (c) The cumulative shareholding of all Stock / Commodity Exchanges alongwith the
               persons acting in concert in the relevant National Commodity Exchange shall not
               be more than 20% at any given point of time.”
3.5 The shareholders of the Exchange shall not have any trading interest either as a trading
       member or as a client of the Exchange. The shareholding of a broker/member of any other
       commodity exchange shall not exceed 1% and the total shareholding of all such
       brokers/members taken together shall not exceed 10% of the paid up equity capital. They
       will also not hold any seat in the Management/ Board of the Exchange.
3.6 No non-corporate entity, apart from those covered by the preceding para 3.5, shall hold more
       than one percent of the paid up equity capital of the Exchange and the total of such
       holdings together with that of those covered by para 3.5 shall not exceed 25% of the paid
       up equity capital of the Exchange.

3.7 Allotment of shares to foreign entities must be in conformity with the provisions of the Press
        Note no. 2 of 2008 dated March 12, 2008 issued by the Department of Industrial Policy &
        Promotion, Government of India, subject to any changes therein made by the Government
        from time to time.




                                                                                               71
3.8 It is obligatory on all shareholders of the Exchange to align the shareholding pattern, as per
         these present guidelines and guidelines that may be issued by the Government/ Forward
         Markets Commission from time to tome.

4 The Exchange shall confirm to the Commission in writing that the investors in whose favour the
divestment/fresh issue of equity is made, fulfill the criteria for „a fit and proper person‟ as defined
in the enclosed Note 2.
5. All disinvestments or fresh issue of equity shares of more than 1% shall be subject to the prior
approval of the Forward Markets Commission and before seeking such approval, the Exchange
should ensure that the proposal satisfies the above requirements.
6. As far as the existing National Commodities Exchanges are concerned, the last date for
                                                                                    th
compliance with the above guidelines (except for amended para 3.4) shall be 30 September 2010,
                                                                          th
which can be extended by the Forward Markets Commission upto 30 September, 2011 in
exceptional cases on genuine grounds. Provided that the last date for compliance with the
                                     st                                                               st
condition at para 3.4 would be 31 December, 2010 which could further be extended upto 31
March, 2011 by the Forward Markets Commission in exceptional cases on genuine grounds

                                                                          ( Brij Mohan ) Director(IT).




                                                                                                     72
                                              Note 1
Networth: The networth for the purposes of these guidelines will be computed as under:

1. Paid up equity share capital

Add
2. Non-redeemable preference shares capital
3. Share premium paid in cash
4. Reserves and surplus ( excluding capital reserve, revaluation reserve, and such other reserves
        which have been earmarked for specific purposes and are not available for distribution)
        Less
5. Loans and advances except for the ones given for the purposes of business of the Exchange.
6. Investments in non-quoted companies for the purposes other than developing infrastructure for
        or in the Commodity Sector.
7. Investments in the non-marketable securities.
8. Investment in the quoted securities in excess of 10 % of total equity fund.
9. Intangible assets acquired for cash for purposes other than the business of the Exchange.




                                                                                                73
                                                 Note 2

                     CRITERION FOR A PERSON TO BE DEEMED TO BE

                                  „A FIT AND PROPER PERSON‟
        For the purpose of these guidelines, a person shall be deemed to be a fit and proper person
if -
(i) such person has a general reputation and record of fairness and integrity, including but not
limited to –

(a) financial integrity;

(b) good reputation and character; and

(c) honesty.

(ii) such person has not incurred any of the following dis-qualifications -
               (a) the person or any of its whole time directors or managing partners has been
                        convicted by a Court for any offence involving moral turpitude or any
                        economic offence, or any offence against any laws;
               (b) an order for winding up has been passed against the person;
               (c) the person or any of its whole time directors or managing partners has been
                        declared insolvent and has not been discharged;
               (d) an order, restraining, prohibiting or debarring the person, or any of its whole time
                        directors or managing partners from dealing in commodities / securities or
                        from accessing the market has been passed by any regulatory authority and a
                        period of three years from the date of the expiry of the period specified in the
                        order has not elapsed;
               (e) any other order against the person or any of its whole time directors or managing
                        partners which has a bearing on the commodities market, has been passed by
                        any regulatory authority and a period of three years from the date of the order
                        has not elapsed;
               (f) the person has been found to be of unsound mind by a Court of competent
                        jurisdiction and the finding is in force; and
               (g) the person is financially not sound.

(iii) If any question arises as to whether a person is a fit and proper person, the decision of the
Forward markets Commission in this behalf shall be final.




                                                                                                      74
                                                                                    Annexure VI
                                       Uniform penalty structure


Sr.No.     Particulars of Violations                      Uniform Penalties
   1   Maintenance of Books of              Non-maintenance of (a) Soudha Book
       Accounts/Records/ Registers          (b) Client Ledger (c) General Ledger
       partially/not maintained             (d) Journals (e) Cash Book (f) Bank Pass Book :
                                            Minimum of Rs. 25,000/- and Maximum of Rs.
                                            50,000/- per register or / and deactivation of
                                            trading terminals till compliance is done.

                                            Not maintained the above mentioned books/
                                            ledgers properly: Minimum of
                                            Rs. 10,000/- and Maximum of Rs. 25,000/- per
                                            register.
        MCA & KYC Norms
  2     KYC Forms formalities - not         Rs. 10,000/- per client.
        maintained or /and not
        maintained properly
  3     (a) Non-obtainment/ Member-         Rs. 10,000/- per client.
        client agreement
        (b) Discrepancies/ deviation
        from the prescribed member-
        client agreement, if such
        discrepancies/ deviations are
        detrimental to clients
  4     Risk Disclosure Document not        Rs. 5,000/- per client.
        obtained from clients/incomplete
        Clients Related
  5     Non-segregation of clients money    Rs. 25,000/- or 1% on the non segregated client
                                            money, which ever is higher.
  6     Use of clients funds for own        Rs. 50,000/- or 1 % per month of the money
        purpose / for other clients.        utilized, whichever is higher.
  7     Delay in Payment of Funds to        Rs. 5,000/- - Rs. 25,000/- per instance.
        Clients Account / Delay in
        transfer of Commodities to
        Clients
  8     Delay in Payment of Funds to        Rs. 50,000/-or 1% of the value of the amounts /
        Clients / Delay in transfer of      commodities, per instance
        Commodities to Clients beyond
        15 days from the date of receipt
        of request from Clients
  9     More than one ID to a client        Rs. 10,000/- per ID
 10     Non-maintenance of client           Rs. 10,000/- per client
        code/non mapping of trading
        code.
 11     Contract Note – non-issued          Rs. 10,000/- per client
 (a)
 11     Belated issue/no proof of receipt   Rs. 5,000/- per client
 (b)    of contract note.
 12     Non-maintenance of duplicate        Rs. 5000/- per client
        copies of contract note sent.
 13     Non-maintenance                     Rs. 10,000/- per Register per office
                                                                                              75
Sr.No.       Particulars of Violations                        Uniform Penalties
         Grievance/Complaints Register
 14      Margin collection: non-                0.1% of the margin not collected.
 (a)     collection/partial collection
 14      Adopting procedure (like use of        0.5% per day of the margin money evaded or
 (b)     pro-code for client trade) to evade    Rs. 5,000/- per day, whichever is higher.
         margin
 15      Net worth certificate- non-            Rs. 200/- per day.
         production/improper
 16      Non-display of Information Board       Rs. 10,000/- per office.
         including details of Registration
         details as prescribed by the
         Exchange.
 17      Unauthorized or Illegal Trading        Minimum of Rs.1 lakh per case and Max.Rs.5
         activities / Fictitious Transactions   lakh .
                                                Offences like contract notes / wash trades will
                                                be investigated by the exchange and other
                                                penalty provisions termination / suspension of
                                                members will be imposed.
 18      Violation of the Advertisement         Rs. 5,000/- per instance
         Code of the Exchange
 19      Trading (TWS/CTCL) terminals           First Instance – Rs.25,000/- per terminal.
         provided to intermediaries or
         unauthorized extension of trading      Repeated Instances - Rs.50,000/- per terminal
         net work / non submission of           and / or deactivation of trading terminals till the
         required details of CTCL               compliance is made.
         terminals to the Exchange
 20      Non-payment of statutory dues /        Some mechanism for taking disciplinary action
         duties / fees etc.                     to be put in place to improve compliance. The
                                                provisions, however, in no way should interfere
                                                with the penal provisions in the respective Acts.
 Note: i) In addition to the financial penalties prescribed in the table above, if serious violations
 noticed, the Exchange shall deactivate trading terminals of Members and initiate disciplinary
 proceedings, which may culminate in suspension of Membership.
     ii.)Non-compliance of the statutory requirements by the Members will lead to disciplinary
     proceedings




                                                                                                      76
                                                                 Annexure VII - A
         Details of Awareness Programmes organized during the year 2009-10

S. No.       Name of the lead Exchange          Category         Place        Date
   1      National Commodity & Derivatives   Student           ICFAI        18.4.2009
          Exchange Ltd., (NCDEX), Mumbai                       Vijayawad
                                                               a

  2       National Multi Commodity           General           Punalur      20.4.2009
          Exchange of India Ltd.,                              (Kerala)
          Ahmedabad
  3       National Commodity & Derivatives   Student           Guntur       21.4.2009
          Exchange Ltd., (NCDEX), Mumbai
  4       Multi Commodity Exchange of        State Marketing   Pune         22.4.2009
          India, Mumbai                      Board
  5       MCX, Mumbai                        General           Delhi        16.5.2009
  6       MCX, Mumbai                        General           Delhi        18.5.2009

  7       National Multi Commodity           Traders           Kottayam     20.5.2009
          Exchange of India Ltd.,            (Rubber)
          Ahmedabad
  8       National Commodity & Derivatives   Turmeric          Nizamaba     22.5.2009
          Exchange Ltd., (NCDEX), Mumbai     Traders           d, A.P.

  9       National Multi Commodity           General           Idukki       23.5.2009
          Exchange of India Ltd.,
          Ahmedabad
 10       National Commodity & Derivatives   Turmeric          Sangli       27.5.2009*
          Exchange Ltd., (NCDEX), Mumbai     Traders           Maharasht
                                                               ra

 11       National Commodity & Derivatives   Turmeric          Erode,       30.5.2009
          Exchange Ltd., (NCDEX), Mumbai     Traders           T.N.

 12       National Multi Commodity           General           Ponkunna     30.5.2009
          Exchange of India Ltd.,                              m (Kerala)
          Ahmedabad

 13       Multi Commodity Exchange of        General           Srigangan    30.5.2009
          India, Mumbai                                        agar

 14       MCX-GSK                            Farmers           Mozari        2.6.2009
                                                               (Deoli
                                                               GSK, Dist
                                                               Wardha,
                                                               Maharasht
                                                               ra)

 15       MCX-GSK                            Farmers           Giroli        2.6.2009
                                                               (Deoli
                                                               GSK, Dist
                                                               Wardha,
                                                               Maharasht
                                                               ra)

                                                                                        77
S. No.     Name of the lead Exchange           Category      Place      Date
  16     MCX-GSK                            Farmers       Pimpalgao   3.6.2009
                                                          n (Deoli
                                                          GSK, Dist
                                                          Wardha,
                                                          Maharasht
                                                          ra)


 17      MCX-GSK                            Farmers       Shirpur     3.6.2009
                                                          (Deoli
                                                          GSK, Dist
                                                          Wardha,
                                                          Maharasht
                                                          ra)
 18      MCX-GSK                            Farmers       Gaul        4.6.2009
                                                          (Deoli
                                                          GSK, Dist
                                                          Wardha,
                                                          Maharasht
                                                          ra)
 19      MCX-GSK                            Farmers       Nagzari     4.6.2009
                                                          (Deoli
                                                          GSK, Dist
                                                          Wardha,
                                                          Maharasht
                                                          ra)
 20      MCX-GSK                            Farmers       Selsura     5.6.2009
                                                          (Deoli
                                                          GSK, Dist
                                                          Wardha,
                                                          Maharasht
                                                          ra)
 21      MCX-GSK                            Farmers       Watkhed     5.6.2009
                                                          (Deoli
                                                          GSK, Dist
                                                          Wardha,
                                                          Maharasht
                                                          ra)
 22      MCX-GSK                            Farmers       Andori      6.6.2009
                                                          (Deoli
                                                          GSK, Dist
                                                          Wardha,
                                                          Maharasht
                                                          ra)
 23      National Commodity & Derivatives   Hedgers       Mandi       8.6.2009
         Exchange Ltd., (NCDEX), Mumbai                   Gobindgar
                                                          h, Punjab
 24      Multi Commodity Exchange of        Farmers       Kodagu,     9.6.2009
         India, Mumbai                                    Karnataka
          - UAS Bangalore
 25      MCX-GSK                            Farmers       Kalwadi     15.6.2009
                                                          (Akot
                                                          GSK, Dist
                                                          Akola,
                                                                                  78
S. No.     Name of the lead Exchange     Category      Place      Date
                                                    Maharasht
                                                    ra)

 26      MCX-GSK                       Farmers      Asegaon     16.6.2009
                                                    (Akot
                                                    GSK, Dist
                                                    Akola,
                                                    Maharasht
                                                    ra)

 27      MCX-GSK                       Farmers      Punda       16.6.2009
                                                    (Akot
                                                    GSK, Dist
                                                    Akola,
                                                    Maharasht
                                                    ra)
 28      MCX-GSK                       Farmers      Sawara      17.6.2009
                                                    (Akot
                                                    GSK, Dist
                                                    Akola,
                                                    Maharasht
                                                    ra)

 29      MCX-GSK                       Farmers      Kutasa      17.6.2009
                                                    (Akot
                                                    GSK, Dist
                                                    Akola,
                                                    Maharasht
                                                    ra)

 30      MCX-GSK                       Farmers      Palsod      18.6.2009
                                                    (Akot
                                                    GSK, Dist
                                                    Akola,
                                                    Maharasht
                                                    ra)

 31      MCX-GSK                       Farmers      Chandikap   18.6.2009
                                                    ur (Akot
                                                    GSK, Dist
                                                    Akola,
                                                    Maharasht
                                                    ra)
 32      MCX-GSK                       Farmers      Akolkhed    19.6.2009
                                                    (Akot
                                                    GSK, Dist
                                                    Akola,
                                                    Maharasht
                                                    ra)
 33      MCX-GSK                       Farmers      Ruikhed     19.6.2009
                                                    (Akot
                                                    GSK, Dist
                                                    Akola,
                                                    Maharasht
                                                                            79
S. No.      Name of the lead Exchange          Category      Place         Date
                                                          ra)
 34      MCX-GSK                            Farmers       Panaj          20.6.2009
                                                          (Akot
                                                          GSK, Dist
                                                          Akola,
                                                          Maharasht
                                                          ra)

 35      National Commodity & Derivatives   Traders       Kanpur         20.6.2009
         Exchange Ltd., (NCDEX), Mumbai

 36      Rajkot Commodity Exchange Ltd.,    Farmers       Junagadh       21.6.2009
         Rajkot
 37      National Commodity & Derivatives   Traders       Barielly,      21.6.2009
         Exchange Ltd., (NCDEX), Mumba                    U.P.
         i
 38      National Multi Commodity           Farmers       Anchal,        23.6.2009
         Exchange of India Ltd.,                          Kollam
         Ahmedabad
 39      National Commodity & Derivatives   Students      Navsari,       25.6.2009
         Exchange Ltd., (NCDEX), Mumbai                   Gujarat [
                                                          Institute of
                                                          Agribusin
                                                          es
                                                          Managem
                                                          ent,
                                                          Agricultur
                                                          al
                                                          University
                                                          , Navsari]
 40      National Commodity & Derivatives   Traders       Palanpur       27.6.2009
         Exchange Ltd., (NCDEX), Mumbai     (Guarseed/    (Gujarat)
                                            gum)
 41      National Commodity & Derivatives   General       Sri            3.7.2009
         Exchange Ltd., (NCDEX), Mumbai                   Gangaa
                                                          Nagar

 42      MCX-GSK                            Farmers       Belati         3.7.2009
                                                          (Solapur
                                                          GSK,
                                                          Maharasht
                                                          ra)

 43      MCX-GSK                            Farmers       Darganhal      3.7.2009
                                                          li (Solapur
                                                          GSK,
                                                          Maharasht
                                                          ra)

 44      National Multi Commodity           Farmers       Kottayam       4.7.2009
         Exchange of India Ltd.,
         Ahmedabad
 45      MCX-GSK                            Farmers       Musti          4.7.2009
                                                          (Solapur
                                                                                     80
S. No.      Name of the lead Exchange          Category      Place         Date
                                                          GSK,
                                                          Maharasht
                                                          ra)
 46      MCX-GSK                            Farmers       Ule            4.7.2009
                                                          (Solapur
                                                          GSK,
                                                          Maharasht
                                                          ra)
 47      MCX-GSK                            Farmers       Kasegaon       5.7.2009
                                                          (Solapur
                                                          GSK,
                                                          Maharasht
                                                          ra)
 48      MCX-GSK                            Farmers       Nandani        6.7.2009
                                                          (Solapur
                                                          GSK,
                                                          Maharasht
                                                          ra)

 49      MCX-GSK                            Farmers       Hagloor        6.7.2009
                                                          (Solapur
                                                          GSK,
                                                          Maharasht
                                                          ra)

 50      MCX-GSK                            Farmers       Boramani       7.7.2009
                                                          (Solapur
                                                          GSK,
                                                          Maharasht
                                                          ra)
 51      MCX-GSK                            Farmers       Pathri         7.7.2009
                                                          (Solapur
                                                          GSK,
                                                          Maharasht
                                                          ra)

 52      Multi Commodity Exchange of        Students      Bapatla        17.7.2009
         India, Mumbai                                    Agricultur
                                                          al College
                                                          – Guntur
                                                          (AP)

 53      MCX                                General       Bangalore      17.7.2009

 54      Multi Commodity Exchange of        General       Itarsi         18.7.2009
         India, Mumbai
 55      National Commodity & Derivatives   Students      Xavier‟s       18.7.2009
         Exchange Ltd., (NCDEX), Mumbai                   Institute of
                                                          Managem
                                                          ent,
                                                          Bhubanes
                                                          hwar
 56      National Commodity & Derivatives   Students      MITCON         25.7.2009
         Exchange Ltd., (NCDEX), Mumbai                   Institute of
                                                                                     81
S. No.      Name of the lead Exchange          Category      Place         Date
                                                          Managem
                                                          ent, Pune
 57      FCEI                               General       Kangeyem       25.7.2009
                                                          T.N.
 58      National Commodity & Derivatives   Students      Baramati       28.7.2009
         Exchange Ltd., (NCDEX), Mumbai                   Vidya
                                                          Pratishtha
                                                          n Institute
                                                          of
                                                          Informatio
                                                          n
                                                          Technolog
                                                          y,
 59      MCX                                Mandi         Vashi          31.7.2009
                                                          Mandi

 60      MCX-CIFA                           Farmers       Bangalore      9.8.2009

 61      NMCE, Ahmedabad                    Farmers       Banaskant      10.8.2009
                                                          ha
                                                          College of
                                                          Agri
                                                          business
                                                          Managem
                                                          ent, SD
                                                          Agricultur
                                                          al
                                                          University
 62      NMCE, Ahmedabad                    Farmers       Kollam         17.8.2009
                                                          Kerala

 63      MCX, Mumbai                        Farmers       Hyderaba       20.8.2009
                                                          d
 64      NCDEX                              Students      Prestige       20.8.2009
                                                          Institute of
                                                          Managem
                                                          ent, Indore

 65      NMCE, Ahmedabad                    Farmers       Ernakulam      21.8.2009
                                                          Kerala

 66      NCDEX                              General       MDI,           24.8.2009
                                                          Bank of
                                                          India,
                                                          Mumbai

 67      MCX-CIFA                           Farmers       Coimbator      24.8.2009
                                                          e
 68      NCDEX                              Students      Bikaner        28.8.2009

 69      MCX                                Members       Mumbai         29.8.2009

 70      NMCE, Ahmedabad                    Hedgers       Ludhiana       3.9.2009

                                                                                     82
S. No.     Name of the lead Exchange     Category       Place        Date
  71     NMCE, Ahmedabad               Hedgers       Jalandhar     4.9.2009

 72      NCDEX, Mumbai                 Students      IBS           8.9.2009
                                                     Bangalore

 73      MCX, Mumbai                   General       Trichy        8.9.2009

 74      MCX, Mumbai                   Mandi Board   Indore        9.9.2009

 75      NCDEX, Mumbai                 Members       Nagour       18.9.2009
                                                     (Rajasthan
                                                     )
 76      NCDEX, Mumbai                 Members       Nokha,       19.9.2009
                                                     (Rajasthan
                                                     )
 77      NCDEX, Mumbai                 Students      LIBA         22.9.2009
                                                     Layola
                                                     Colleg`e,
                                                     Chennai
 78      NCDEX, Mumbai                 General       Ghaziabad    23.9.2009

 79      NCDEX, Mumbai                 Students      Kohinor      26.9.2009
                                                     Business
                                                     Scholl,
                                                     Khandala

 80      NMCE, Ahmedabad               Farmers       Wayanad      26.9.2009
                                                     – Kerala
 81      MCX, Mumbai                   Traders       Ahmedaba     3.10.2009
                                                     d
 82      NMCE, Ahmedabad               Farmers       Kozhicode    3.10.2009
                                                     (Oleena
                                                     Mahila-
                                                     samajam)

 83      NMCE, Ahmedabad               Mandi Board   Gandhina     7.10.2009
                                                     gar

 84      MCX, Mumbai                   Traders       Srigangan    10.10.2009
                                                     agar
 85      MCX-GSK                       Farmers       Ringankha    12.10 2009
                                                     pa
                                                     (Pandhurn
                                                     a GSK;
                                                     Dist
                                                     Chindwar
                                                     a, M.P.)
 86      MCX-GSK                       Farmers       Changoba     13.10.2009
                                                     (Pandhurn
                                                     a GSK;
                                                     Dist
                                                     Chindwar
                                                     a

                                                                              83
S. No.     Name of the lead Exchange      Category      Place       Date
  87     MCX-GSK                       Farmers       Nandanba    13.10.2009
                                                     di
                                                     (Pandhurn
                                                     a GSK;
                                                     Dist
                                                     Chindwar
                                                     a

 88      MCX-GSK                       Farmers       Kondali     14.10.2009
                                                     (Pandhurn
                                                     a GSK;
                                                     Dist
                                                     Chindwar
                                                     a
 89      MCX-GSK                       Farmers       Parsodi     14.10.2009
                                                     (Pandhurn
                                                     a GSK;
                                                     Dist
                                                     Chindwar
                                                     a
 90      NCDEX, Mumbai                 Students      Udaipur -   14.10.2009
                                                     Pacific
                                                     Institute
 91      MCX-GSK                       Farmers       Dhanora     15.10.2009
                                                     (Pandhurn
                                                     a GSK;
                                                     Dist
                                                     Chindwar
                                                     a
 92      MCX-GSK                       Farmers       Dhavdikh    15.10.2009
                                                     apa
                                                     (Pandhurn
                                                     a GSK;
                                                     Dist
                                                     Chindwar
                                                     a
 93      NCDEX, Mumbai                 Students      IIM         19.10.2009
                                                     Indore
 94      NCDEX, Mumbai                 Students      Nagpur -    23.10.2009
                                                     Centum
                                                     Learning
                                                     Centre

 95      NCDEX, Mumbai                 Members       Kota,       24.10.2009
                                                     Rajasthan
 96      NMCE, Ahmedabad               Farmers       Calicut     24.10.2009

 97      MCX-GSK                       Farmers       Chikni      27.10.2009
                                                     (Deoli
                                                     GSK, Dist
                                                     Wardha,
                                                     Maharasht
                                                     ra)
 98      MCX-GSK                       Farmers       Sonegaon    28.10.2009
                                                                          84
S. No.     Name of the lead Exchange      Category      Place      Date
                                                     Abaji
                                                     (Deoli
                                                     GSK, Dist
                                                     Wardha,
                                                     Maharasht
                                                     ra)
 99      MCX-GSK                       Farmers       Padhegao    28.10.2009
                                                     n (Deoli
                                                     GSK, Dist
                                                     Wardha,
                                                     Maharasht
                                                     ra)
 100     MCX-GSK                       Farmers       Wabgaon     29.10.2009
                                                     (Deoli
                                                     GSK, Dist
                                                     Wardha,
                                                     Maharasht
                                                     ra)
 101     MCX-GSK                       Farmers       Nandora     29.10.2009
                                                     Dafre
                                                     (Deoli
                                                     GSK, Dist
                                                     Wardha,
                                                     Maharasht
                                                     ra)

 102     NCDEX, Mumbai                 Students      IIM         29.10.2009
                                                     Bangalore
 103     MCX-GSK                       Farmers       Khangaon    30.10.2009
                                                     (Deoli
                                                     GSK, Dist
                                                     Wardha,
                                                     Maharasht
                                                     ra)
 104     MCX-GSK                       Farmers       Kangaon     30.10.2009
                                                     (Deoli
                                                     GSK, Dist
                                                     Wardha,
                                                     Maharasht
                                                     ra)
 105     MCX-GSK                       Farmers       Kapsi       31.10.2009
                                                     (Deoli
                                                     GSK, Dist
                                                     Wardha,
                                                     Maharasht
                                                     ra)
 106     MCX-GSK                       Farmers       Bhidi       31.10.2009
                                                     (Deoli
                                                     GSK, Dist
                                                     Wardha,
                                                     Maharasht
                                                     ra)
 107     MCX-GSK                       Farmers       Bordi       3.11.2009
                                                     Branch
                                                                             85
 S. No.     Name of the lead Exchange     Category      Place      Date
                                                     Post
                                                     Office
                                                     (Akot
                                                     GSK, Dist
                                                     Akola,
                                                     Maharasht
                                                     ra)
  108     MCX-GSK                       Farmers      Umara
                                                     Branch
                                                     Post
                                                     Office
                                                     (Akot       4.11.2009
                                                     GSK, Dist
                                                     Akola,
                                                     Maharasht
                                                     ra)
  109     MCX-GSK                       Farmers      Deori
                                                     Branch
                                                     Post
                                                     Office
                                                     (Akot
                                                     GSK, Dist   4.11.2009
                                                     Akola,
                                                     Maharasht
                                                     ra)

  110     MCX-GSK                       Farmers      Danori-
                                                     Panori
                                                     Branch
                                                     Post
                                                     Office
                                                     (Akot       5.11.2009
                                                     GSK, Dist
                                                     Akola,
                                                     Maharasht
                                                     ra)

  111     MCX-GSK                       Farmers      Kawasa
                                                     Bk.
                                                     Branch
                                                     Post
                                                     Office
                                                     (Akot       5.11.2009
                                                     GSK, Dist
                                                     Akola,
                                                     Maharasht
                                                     ra)

112       MCX-GSK                       Farmers      Warur       6.11.2009
                                                     Jaulka
                                                     Branch
                                                     Post
                                                     Office
                                                     (Akot
                                                                             86
 S. No.     Name of the lead Exchange      Category      Place      Date
                                                      GSK, Dist
                                                      Akola,
                                                      Maharasht
                                                      ra)
113       MCX-GSK                       Farmers       Wadali      6.11.2009
                                                      Deshmukh
                                                      Branch
                                                      Post
                                                      Office
                                                      (Akot
                                                      GSK, Dist
                                                      Akola,
                                                      Maharasht
                                                      ra)
114       MCX-GSK                       Farmers       Khirkund    7.11.2009
                                                      Branch
                                                      Post
                                                      Office
                                                      (Akot
                                                      GSK, Dist
                                                      Akola,
                                                      Maharasht
                                                      ra)
  115     MCX-GSK                       Farmers       Mohala      7.11.2009
                                                      Branch
                                                      Post
                                                      Office
                                                      (Akot
                                                      GSK, Dist
                                                      Akola,
                                                      Maharasht
                                                      ra)
  116     MCX-GSK                       Farmers       Popatkhed   8.11.2009
                                                      a Branch
                                                      Post
                                                      Office
                                                      (Akot
                                                      GSK, Dist
                                                      Akola,
                                                      Maharasht
                                                      ra)
  117     MCX-GSK                       Farmers       Gharphal    13.11.2009
                                                      Branch
                                                      Post
                                                      Office
                                                      (Babhulga
                                                      on GSK,
                                                      Dist
                                                      Yavatmal,
                                                      Maharasht
                                                      ra)

  118     MCX, Mumbai                   Students      IES,        14.11.2009
                                                      Bandra,
                                                                              87
S. No.     Name of the lead Exchange      Category     Place       Date
                                                     Mumbai
 119     NMCE, Ahmedabad               Farmers       Palakkad    14.11.2009

 120     MCX-GSK                       Farmers       Pachkhed    14.11.2009
                                                     Branch
                                                     Post
                                                     Office
                                                     (Babhulga
                                                     on GSK,
                                                     Dist
                                                     Yavatmal,
                                                     Maharasht
                                                     ra)

 121     MCX-GSK                       Farmers       Watkhed     14.11.2009
                                                     Branch
                                                     Post
                                                     Office
                                                     (Babhulga
                                                     on GSK,
                                                     Dist
                                                     Yavatmal,
                                                     Maharasht
                                                     ra)

 122     NCDEX, Mumbai                 Students      IIT         15.11.2009
                                                     Chennai

 123     MCX-GSK                       Farmers       Ganori      15.11.2009
                                                     Branch
                                                     Post
                                                     Offiice
                                                     (Babhulga
                                                     on GSK,
                                                     Dist
                                                     Yavatmal,
                                                     Maharasht
                                                     ra)

 124     MCX-GSK                       Farmers       Kotamba     15.11.2009
                                                     Branch
                                                     Post
                                                     Office
                                                     (Babhulga
                                                     on GSK,
                                                     Dist
                                                     Yavatmal,
                                                     Maharasht
                                                     ra)
 125     MCX-GSK                       Farmers       Phalegaon   16.11.2009
                                                     Branch
                                                     Post
                                                     Office
                                                     (Babhulga
                                                                          88
S. No.     Name of the lead Exchange      Category           Place         Date
                                                          on GSK,
                                                          Dist
                                                          Yavatmal,
                                                          Maharasht
                                                          ra)

 126     MCX-GSK                       Farmers            Sarul          16.11.2009
                                                          Branch
                                                          Post
                                                          Office
                                                          (Babhulga
                                                          on GSK,
                                                          Dist
                                                          Yavatmal,
                                                          Maharasht
                                                          ra)

 127     MCX-GSK                       Farmers            Kharda         17.11.2009
                                                          Branch
                                                          Post
                                                          Office
                                                          (Babhulga
                                                          on GSK,
                                                          Dist
                                                          Yavatmal,
                                                          Maharasht
                                                          ra)

 128     MCX-GSK                       Farmers            Pimpalkhu      17.11.2009
                                                          ta Branch
                                                          Post
                                                          Office
                                                          (Babhulga
                                                          on GSK,
                                                          Dist
                                                          Yavatmal,
                                                          Maharasht
                                                          ra)

 129     NCDEX, Mumbai                 Member and         Guntur         18.11.2009
                                       Physical Traders
 130     NCDEX, Mumbai                 Students           IIM            21.11.2009
                                                          Lucknow

 131     NCDEX, Mumbai                 Students           Institute of   26.11.2009
                                                          Managem
                                                          ent, Nirma
                                                          University
                                                          (IMNU),
                                                          Ahmedaba
                                                          d
 132     MCX-GSK                       Farmers            Bamhanpu       1.12.2009
                                                          r Branch
                                                          Post
                                                                                     89
S. No.     Name of the lead Exchange      Category        Place        Date
                                                       Office
                                                       (Jais GSK,
                                                       Dist
                                                       RaeBareli,
                                                       U.P.)
 133     MCX-GSK                       Farmers         Pariya
                                                       Namaskar
                                                       Branch        2.12.2009
                                                       Post
                                                       Office
                                                       (Jais GSK,
                                                       Dist
                                                       RaeBareli,
                                                       U.P.)
 134     MCX-GSK                       Farmers         Barkhurrd     3.12.2009
                                                       arpur
                                                       Branch
                                                       Post
                                                       Office
                                                       (Jais GSK,
                                                       Dist
                                                       RaeBareli,
                                                       U.P.)
 135     MCX-GSK                       Farmers         Kanta         4.12.2009
                                                       Branch
                                                       Post
                                                       Office
                                                       (Jais GSK,
                                                       Dist
                                                       RaeBareli,
                                                       U.P.)
 136     MCX, Mumbai                   Traders         Kakinada      4.12.2009
 137     MCX, Mumbai                   Market Inter-   Rajahmu       5.12.2009
                                       mediaries       mdry
 138     NCDEX, Mumbai                 Members and     Jammu         5.12.2009
                                       Traders
 139     MCX-GSK                       Farmers          Ashrafpur    5.12.2009
                                                       Branch
                                                       Post office
                                                       (Nasiraba
                                                       d GSK,
                                                       Dist
                                                       RaeBareli,
                                                       U.P.)
 140     MCX-GSK                       Farmers         Lahenga       6.12.2009
                                                       Branch
                                                       Post office
                                                       (Nasiraba
                                                       d GSK,
                                                       Dist
                                                       RaeBareli,
                                                       U.P.)
 141     MCX-GSK                       Farmers         Sujwari       7.12.2009
                                                       Branch
                                                                                 90
 S. No.     Name of the lead Exchange      Category      Place         Date
                                                      Post office
                                                      (Nasiraba
                                                      d GSK,
                                                      Dist
                                                      RaeBareli,
                                                      U.P.)
  142     MCX-GSK                       Farmers       Alampur        8.12.2009
                                                      Branch
                                                      Post office
                                                      (Nasiraba
                                                      d GSK,
                                                      Dist
                                                      RaeBareli,
                                                      U.P.)
143       NCDEX, Mumbai                 Students      PSG            8.12.2009
                                                      Institute of
                                                      Managem
                                                      ent,
                                                      Coimbator
                                                      e, Tamil
                                                      Nadu
  144     NCDEX, Mumbai                 Members and   Bhubhane       12.12.2009
                                        Traders       shwar
  145     MCX, Mumbai                   Students      Nagpur         14.12.2009
  146     MCX, Mumbai                   Mandi Board   Lucknow        14.12.2009
  147     MCX-GSK                       Farmers       Thulwasa
                                                      Branch         15.12.2009
                                                      Post office
                                                      (Maharajg
                                                      anj GSK,
                                                      Dist
                                                      RaeBareli,
                                                      U.P.)
  148     MCX-GSK                       Farmers       Pahremau       16.12.2009
                                                      Branch
                                                      Post office
                                                      (Maharajg
                                                      anj GSK,
                                                      Dist
                                                      RaeBareli,
                                                      U.P.)
  149     MCX-GSK                       Farmers       Amavan
                                                      Branch         17.12.2009
                                                      Post office
                                                      (Maharajg
                                                      anj GSK,
                                                      Dist
                                                      RaeBareli,
                                                      U.P.)
150       MCX Mumbai                    General       Visakapat      18.12.2009
                                                      anam
151       NCDEX, Mumbai                 Students      Assam          18.12.2009
                                                      Institute of
                                                      Managem
                                                                                 91
 S. No.     Name of the lead Exchange      Category          Place         Date
                                                          ent,
                                                          Guwahati,
                                                          Assam
152       NCDEX, Mumbai                 Students          Darwin         18.12.2009
                                                          Institute of
                                                          Manage-
                                                          ment,
                                                          Guwahati,
                                                          Assam
153       NCDEX, Mumbai                 Members and       Ranchi         18.12.2009
                                        Traders
154       MCX, Mumbai                   Physical market   Jodhpur        19.12.2009
                                        traders
155       MCX-GSK                       Farmers           Oandeeh        19.12.2009
                                                          Branch
                                                          Post office
                                                          (Maharajg
                                                          anj GSK,
                                                          Dist
                                                          RaeBareli,
                                                          U.P.)
  156     MCX-GSK                       Farmers           Jyona          20.12.2009
                                                          Branch
                                                          Post office
                                                          (Maharajg
                                                          anj GSK,
                                                          Dist
                                                          RaeBareli,
                                                          U.P.)
157       MCX-GSK                       Farmers           Janai          21.12.2009
                                                          Branch
                                                          Post office
                                                          (Maharajg
                                                          anj GSK,
                                                          Dist
                                                          RaeBareli,
                                                          U.P.)
  158     MCX-GSK                       Farmers           Teesakhan      22.12.2009
                                                          pur
                                                          Branch
                                                          Post office
                                                          (Maharajg
                                                          anj GSK,
                                                          Dist
                                                          RaeBareli,
                                                          U.P.)
  159     MCX-GSK                       Farmers           Bahadur        23.12.2009
                                                          nagar
                                                          Branch
                                                          Post office
                                                          (Maharajg
                                                          anj GSK,
                                                          Dist
                                                          RaeBareli,
                                                                                  92
S. No.      Name of the lead Exchange     Category     Place          Date
                                                     U.P.)
 160     MCX-GSK                        Farmers      Sidhona       24.12.2009
                                                     Branch
                                                     Post office
                                                     (Maharajg
                                                     anj GSK,
                                                     Dist
                                                     RaeBareli,
                                                     U.P.
 161     MCX, Mumbai                    General      Tenali        29.12.2009
 162     NCDEX, Mumbai                  Traders      Varnasi        2.1.2010

 163     MCX-GSK                        Farmers      Umaran        2.1.2010
                                                     Branch
                                                     Post office
                                                     (Mustafab
                                                     ad GSK,
                                                     Dist
                                                     RaeBareli,
                                                     U.P.)
 164     MCX-GSK                        Farmers      Sareni
                                                     Branch
                                                     Post office
                                                     (Mustafab
                                                     ad GSK,        3.1.2010
                                                     Dist
                                                     RaeBareli,
                                                     U.P.)
 165     MCX-GSK                        Farmers      Badangao
                                                     n Branch       4.1.2010
                                                     Post office
                                                     (Mustafab
                                                     ad GSK,
                                                     Dist
                                                     RaeBareli,
                                                     U.P.)
 166     MCX-GSK                        Farmers      Daulatpur
                                                     Branch         5.1.2010
                                                     Post office
                                                     (Mustafab
                                                     ad GSK,
                                                     Dist
                                                     RaeBareli,
                                                     U.P.)

 167     NIAM, Jaipur                   Farmers      Koderma        5.1.2010
                                                     Jharkhand

 168     NIAM, Jaipur                   Farmers      Girdeeh        6.1.2010
                                                     Jharkhand
 169     NIAM, Jaipur                   Farmers      Baran          6.1.2010
                                                     Rajasthan
 170     MCX, Mumbai                    General      Bangalore      6.1.2010
                                                                               93
S. No.      Name of the lead Exchange      Category       Place         Date

 171     MCX-GSK                        Farmers         Mavai
                                                        Branch
                                                        Post office    6.1.2010
                                                        (Mustafab
                                                        ad GSK,
                                                        Dist
                                                        RaeBareli,
                                                        U.P.)

 172     MCX-GSK                        Farmers         Kandrawa
                                                        n Branch       7.1.2010
                                                        Post office
                                                        (Mustafab
                                                        ad GSK,
                                                        Dist
                                                        RaeBareli,
                                                        U.P.)
 173     MCX-GSK                        Farmers         Pachakhar
                                                        a Branch       8.1.2010
                                                        Post office
                                                        (Mustafab
                                                        ad GSK,
                                                        Dist
                                                        RaeBareli,
                                                        U.P.)
 174     NIAM, Jaipur                   Farmers         Kota           8.1.2010
                                                        Rajasthan

 175     MCX, Mumbai                    General         Vijawada       9.1.2010
 176     NIAM, Jaipur                   Farmers         Deoghar        9.1.2010
                                                        Jharkhand

 177     NIAM, Jaipur                   Farmers         Dausa         10.1.2010
                                                        Rajasthan

 178     MCX, Mumbai                    Traders         Mumbai        11.1.2010
 179     NIAM, Jaipur                   Farmers         Jamtara       12.1.2010
                                                        Jharkhand
 180     NIAM, Jaipur                   Farmers         Bokaro        13.1.2010
                                                        Jharkhand
 181     NIAM, Jaipur                   Farmers         Sundergar     15.1.2010
                                                        h
                                                        Orissa
 182     NIAM, Jaipur                   Farmers         Bageshwa      15.01.2010
                                                        r
                                                        Uttarakha
                                                        nd
 183     NIAM, Jaipur                   Farmers         Keonjhar      16.1.2010
                                                        Orissa
 184     MCX, Mumbai                    Investors and   Guwahati      16.1.2010
                                                                                  94
S. No.      Name of the lead Exchange      Category     Place         Date
                                        members/
                                        (Clients,
                                        Hedgers and
                                        members.)
 185     NCDEX, Mumbai                  Traders       Hissar        16.1.2010

 186     NCDEX, Mumbai                  Traders       Narela,       16.1.2010
                                                      Delhi
 187     NCDEX, Mumbai                  Traders       Alwar         16.1.2010

 188     CIFA                           Farmers       Raipur,       17.1.2010
                                                      Chattisgar
                                                      h

 189     NIAM, Jaipur                   Farmers       Deogarh       17.1.2010
                                                      Orissa
 190     NIAM, Jaipur                   Farmers       Belgaum       17.1.2010
                                                      Karnataka
 191     NIAM, Jaipur                   Farmers       Sambhalp      18.1.2010
                                                      ur
                                                      Orissa
 192     NIAM, Jaipur                   Farmers       Etawa         18.1.2010
                                                      Uttar
                                                      Pradesh
 193     NIAM, Jaipur                   Farmers       Pauri         18.1.2010
                                                      Garhwal
                                                      Uttarakha
                                                      nd
 194     NIAM, Jaipur                   Farmers       Mainpuri      19.1.2010
                                                      Uttar
                                                      Pradesh
 195     NIAM, Jaipur                   Farmers       Jharsugud     19.1.2010
                                                      a
                                                      Orissa
 196     NIAM, Jaipur                   Farmers       Lekh          19.1.2010
                                                      Saraien
                                                      Bihar
 197     NIAM, Jaipur                   Farmers       Ghansali
                                                      Uttarakha     19.1.2010
                                                      nd
 198     MCX-GSK                        Farmers       Lalumau
                                                      Branch        19.1.2010
                                                      Post office
                                                      (Lalganj
                                                      GSK, Dist
                                                      RaeBareli,
                                                      U.P.)
 199     MCX-GSK                        Farmers       Ambara        20.1.2010
                                                      Pashchim
                                                      Branch
                                                      Post office
                                                      (Lalganj
                                                      GSK, Dist
                                                                                95
S. No.      Name of the lead Exchange      Category       Place         Date
                                                        RaeBareli,
                                                        U.P.)
 200     NIAM, Jaipur                   Farmers         Shekhpura     20.1.2010
                                                        Bihar
 201     NIAM, Jaipur                   Farmers         Firozabad     20.1.2010
                                                        Uttar
                                                        Pradesh
 202     MCX, Mumbai                    Cochin          Cochin        20.1.2010
                                        University of
                                        Science and
                                        Technology

 203     NIAM, Jaipur                   Farmers         Mathura       21.1.2010
                                                        Uttar
                                                        Pradesh
 204     NIAM, Jaipur                   Farmers         Munger        21.1.2010
                                                        Bihar
 205     MCX, Mumbai                    Mandi           Ranch,        21.1.2010
                                                        Jharkhand
 206     MCX-GSK                        Farmers         Deepemau
                                                        Branch        21.1.2010
                                                        Post office
                                                        (Lalganj
                                                        GSK, Dist
                                                        RaeBareli,
                                                        U.P.)
 207     NCDEX, Mumbai                  Farmers         Agricultur    22.1.2010
                                                        al
                                                        University
                                                        , Rahuri
                                                        Ahmedna
                                                        gar
 208     MCX-GSK                        Farmers         Akauni
                                                        Branch
                                                        Post office   22.1.2010
                                                        (Lalganj
                                                        GSK, Dist
                                                        RaeBareli,
                                                        U.P.)
 209     NIAM, Jaipur                   Farmers         Khagaria      22.1.2010
                                                        Bihar
 210     NIAM, Jaipur                   Farmers         Paonta        22.1.2010
                                                        Sahib
                                                        (Sirmor),
                                                        Himachal
                                                        Pradesh

 211     NIAM, Jaipur                   Farmers         Madhepur      23.1.2010
                                                        a
                                                        Bihar
 212     NIAM, Jaipur                   Farmers         Nagaur        23.1.2010
                                                        Rajasthan
                                                                                  96
S. No.     Name of the lead Exchange      Category      Place         Date
 213     NIAM, Jaipur                  Farmers       Etah          23.1.2010
                                                     Uttar
                                                     Pradesh
 214     MCX-GSK                       Farmers       Bannamau
                                                     Branch        23.1.2010
                                                     Post office
                                                     (Lalganj
                                                     GSK, Dist
                                                     RaeBareli,
                                                     U.P.)
 215     MCX-GSK                       Farmers       Merui
                                                     Branch
                                                     Post office   24.1.2010
                                                     (Lalganj
                                                     GSK, Dist
                                                     RaeBareli,
                                                     U.P.)
 216     NCDEX                         Students      Anna          25.1.2010
                                                     University
                                                     , Chennai
 217     NIAM, Jaipur                  Farmers       Bagalkot      25.1.2010
                                                     Karnataka

 218     NIAM, Jaipur                  Farmers       Jodhpur       25.1.2010
                                                     Rajasthan
 219     NIAM, Jaipur                  Farmers       Guwahati      27.1.2010
                                                     Assam
 220     MCX-GSK                       Farmers       Tirhe
                                                     Branch
                                                     Post
                                                     Office
                                                     (Solapur
                                                     GSK, Dist     27.1.2010
                                                     Solapur,
                                                     Maharasht
                                                     ra)

 221     MCX-GSK                       Farmers       Dongaon
                                                     Branch
                                                     Post
                                                     Office
                                                     (Solapur      28.1.2010
                                                     GSK, Dist
                                                     Solapur,
                                                     Maharasht
                                                     ra)

 222     MCX-GSK                       Farmers       Arali
                                                     Branch        28.1.2010
                                                     Post
                                                     Office
                                                     (Solapur
                                                     GSK, Dist
                                                                               97
S. No.      Name of the lead Exchange     Category      Place      Date
                                                     Solapur,
                                                     Maharasht
                                                     ra)

 223     MCX, Mumbai                    General      Chennai
                                                                 29.1.2010
 224     NIAM, Jaipur                   Farmers      Nagaon      29.1.2010
                                                     Assam
 225     NIAM, Jaipur                   Farmers      Ambala      29.1.2010
                                                     Haryana
 226     NIAM, Jaipur                   Farmers      Yamunanag 29.1.2010
                                                     ar Haryana
 227     MCX-GSK                        Farmers      Tandulwa
                                                     di Branch
                                                     Post
                                                     Office
                                                     (Solapur    29.1.2010
                                                     GSK, Dist
                                                     Solapur,
                                                     Maharasht
                                                     ra)

 228     MCX-GSK                        Farmers      Mardi
                                                     Branch
                                                     Post
                                                     Office
                                                     (Solapur
                                                     GSK, Dist   29.1.2010
                                                     Solapur,
                                                     Maharasht
                                                     ra)

 229     MCX-GSK                        Farmers      Honsal
                                                     Branch
                                                     Post
                                                     Office
                                                     (Solapur    30.1.2010
                                                     GSK, Dist
                                                     Solapur,
                                                     Maharasht
                                                     ra)
 230     MCX-GSK                        Farmers      Barur
                                                     Branch
                                                     Post
                                                     Office
                                                     (Solapur    30.1.2010
                                                     GSK, Dist
                                                     Solapur,
                                                     Maharasht
                                                     ra)
 231     MCX, Mumbai                    General      Vishakapa   30.1.2010
                                                     tnam

                                                                             98
S. No.     Name of the lead Exchange     Category      Place         Date
 232     MCX, Mumbai                   General      Srigangan     30.1.2010
                                                    agar
 233     NIAM, Jaipur                  Farmers      Rudrapray     30.1.2010
                                                    ag (UK)
 234     NCDEX                         Students     CA            31.1.2010
                                                    Chapter,
                                                    Mulund,
                                                    Mumbai
 235     NIAM, Jaipur                  Farmers      Trilokpurr
                                                    , Nahan,      31.1.2010
                                                    Himachal
                                                    Pradesh
 236     MCX-GSK                       Farmers      Takli
                                                    Branch
                                                    Post
                                                    Office
                                                    (Solapur      31.1.2010
                                                    GSK, Dist
                                                    Solapur,
                                                    Maharasht
                                                    ra)
 237     MCX-GSK                       Farmers      Kawtha
                                                    Branch
                                                    Post
                                                    Office
                                                    (Solapur      1.2.2010
                                                    GSK, Dist
                                                    Solapur,
                                                    Maharasht
                                                    ra)
 238     MCX-GSK                       Farmers      Darganhal
                                                    li Branch
                                                    Post office
                                                    (Solapur
                                                    GSK, Dist
                                                    Solapur,
                                                    Maharasht     1.2.2010
                                                    ra)

 239     NIAM, Jaipur                  Farmers      Gandhina
                                                    gar           1.2.2010
                                                    Gujarat
 240     MCX, Mumbai                   General      Agra           1.2.2010
 241     NIAM, Jaipur                  Farmers      Patan         2.2.2010
                                                    Gujarat
 242     NIAM, Jaipur                  Farmers      Jorhat        2.2.2010
                                                    Assam
 243     NIAM, Jaipur                  Farmers      Kheda         3.2.2010
                                                    Gujarat
 244     NIAM, Jaipur                  Farmers      Mahesana      3.2.2010
                                                    Gujarat
 245     NIAM, Jaipur                  Farmers      Janjgir-      4.2.2010
                                                    Champa
                                                                              99
S. No.      Name of the lead Exchange      Category      Place          Date
                                                      Chattisgar
                                                      h
 246     NIAM, Jaipur                   Farmers       Dehradun
                                                      Uttarakha      4.2.2010
                                                      nd
 247     NIAM, Jaipur                   Farmers       Dimapur        4.2.2010
                                                      Nagaland
 248     NIAM, Jaipur                   Farmers       Bilaspur
                                                      Chattisgar     5.2.2010
                                                      h
 249     NIAM, Jaipur                   Farmers       Anand          5.2.2010
                                                      Gujarat
 250     MCX, Mumbai                    Students      Rajpura         5.2.2010
                                                      (Chadigar
                                                      h)
 251     NCDEX, Mumbai                  Students      Pune            6.2.2010
                                                      MITCON
                                                      Institute of
                                                      Managem
                                                      ent
 252     NIAM, Jaipur                   Farmers       Korba
                                                      Chattisgar     6.2.2010
                                                      h
 253     NIAM, Jaipur                   Farmers       Rohtak,        6.2.2010
                                                      Haryana
 254     NIAM, Jaipur                   Farmers       Goalpara       6.2.2010
                                                      Assam
 255     NIAM, Jaipur                   Farmers       Ambikapu
                                                      r, Sarguja,    7.2.2010
                                                      Chattisgar
                                                      h
 256     NIAM, Jaipur                   Farmers       Dharward       7.2.2010
                                                      Karnataka
 257     NIAM, Jaipur                   Farmers       Baikunthp
                                                      ur
                                                      Chattisgar     8.2.2010
                                                      h
 258     NIAM, Jaipur                   Farmers       Rewari         8.2.2010
                                                      Haryana
 259     NIAM, Jaipur                   Farmers       Mangaldai      8.2.2010
                                                      Assam
 260     NIAM, Jaipur                   Farmers       Badodara
                                                      Gujarat        8.2.2010

 261     NIAM, Jaipur                   Farmers       Panchmah
                                                      al             9.2.2010
                                                      Gujarat
 262     NABARD – MCX                   Farmers       Ratlam
                                                      (MP)           9.2.2010
 263     NIAM, Jaipur                   Farmers       Burdwan
                                                      West           10.2.2010
                                                      Bengal
 264     NIAM, Jaipur                   Farmers       Sangrur        10.2.2010

                                                                                100
S. No.      Name of the lead Exchange     Category      Place       Date
                                                     Punjab
 265     NIAM, Jaipur                   Farmers      Silchar,
                                                     Cachar      10.2.2010
                                                     Assam
 266     NIAM, Jaipur                   Farmers      Agra,
                                                     Uttar       10.2.2010
                                                     Pradesh
 267     NIAM, Jaipur                   Farmers      Imphal      10.2.2010
                                                     Manipur
 268     NABCONS                        Farmers      Haridwar    10.2.2010
                                                     Uttarkhan
                                                     d
 269     NABARD – MCX                   Farmers      Khandwa     10.2.2010
                                                     (MP)
 270     NIAM, Jaipur                   Farmers      Patiala     11.2.2010
                                                     Punjab
 271     NABARD – MCX                   Farmers      Dhar(MP)    11.2.2010
 272     NIAM, Jaipur                   Farmers      Solapur,
                                                     Maharasht
                                                     ra          11.2.2010

 273     NIAM, Jaipur                   Farmers      Aligarh
                                                     Uttar       11.2.2010
                                                     Pradesh
 274     NIAM, Jaipur                   Farmers      Tuikual,    12.2.2010
                                                     Aizawal,
                                                     Mizoram
 275     NIAM, Jaipur                   Farmers      Osmanaba
                                                     d,
                                                     Maharasht   12.2.2010
                                                     ra
 276     NCDEX, Mumbai                  Traders      Cochin       13.2.2010
 277     NIAM, Jaipur                   Farmers      Aara        13.2.2010
                                                     Bihar
 278     NIAM, Jaipur                   Farmers      Latur
                                                     Maharasht   14.2.2010
                                                     ra
 279     NIAM, Jaipur                   Farmers      Kurukshet
                                                     ra          15.2.2010
                                                     Haryana
 280     NIAM, Jaipur                   Farmers      Agartala    15.2.2010
                                                     Tripura
 281     NIAM, Jaipur                   Farmers      Hazipur
                                                     Vaishali    15.2.2010
                                                     Bihar
 282     NABARD – MCX                   Farmers      Indore
                                                     (MP)        15.2.2010
 283     UAS – Dharwad                  Farmers      Ranebenn
                                                     ur          15.2.2010
 284     UAS – Dharwad                  Farmers      Sirsi       16.2.2010
 285     NIAM, Jaipur                   Farmers      Tarakeswa
                                                     r           16.2.2010
                                                     West

                                                                           101
S. No.      Name of the lead Exchange      Category     Place        Date
                                                      Bengal

 286     NIAM, Jaipur                   Farmers       Ludhiana     16.02.2010
                                                      Punjab
 287     NABCONS                        Farmers       Haldiwani    17.02.2010
                                                      Uttarakha
                                                      nd

 288     NABARD – MCX                   Farmers       Gwalior
                                                      (MP)         17.2.2010
 289     NCDEX, Mumbai                  Farmers       Agra UP      17.2.2010

 290     NABCONS                        Farmers       Amritsar
                                                      Punjab       18.2.2010
 291     NABCONS                        Farmers       US Nagar     18.2.2010
                                                      Rudrapur
                                                      Uttarakha
                                                      nd
 292     NIAM, Jaipur                   Farmers       Jalandhar
                                                      Punjab       18.2.2010
 293     NIAM, Jaipur                   Farmers       Amritsar     18.02.2010
                                                      Punjab
 294     NIAM, Jaipur                   Farmers       Gangtok      19.2.2010
                                                      Sikkim
 295     NIAM, Jaipur                   Farmers       Dalhousie,   19.02.2010
                                                      Chamba
                                                      Himachal
                                                      Pradesh
 296     NIAM, Jaipur                   Farmers       Imphal       19.2.2010
                                                      Manipur
 297     NIAM, Jaipur                   Farmers       Koppal       21.02.2010
                                                      Karnataka
 298     NIAM, Jaipur                   Farmers       Chopra,      21.02.2010
                                                      Jalgaon
                                                      MS
 299     NIAM, Jaipur                   Farmers       Umarkhed     22.02.2010
                                                      ,
                                                      Yavatmal
                                                      Maharasht
                                                      ra
 300     MCX, Mumbai                    Farmers       Agricultur   22.2.2010
                                                      al
                                                      Marketing
                                                      Training
                                                      College ,
                                                      Vidyanaga
                                                      r, Hubli
 301     NIAM Jaipur                    Farmers       Gadag        22.02.2010
                                                      Karnataka
 302     UAS – Dharwad                  Faculty       Bijapur      22.2.2010
 303     UAS – Dharwad                  Faculty       Bagalkot     23.2.2010

 304     NIAM Jaipur                    Farmers       Thoubal,     23.2.2010

                                                                            102
S. No.      Name of the lead Exchange     Category       Place       Date
                                                      Manipur
 305     MCX                            Mandi Board   Gwalior       23.2.2010
 305     NIAM, Jaipur                   Farmers       Krishanag    23.02.2010
                                                      ar
                                                      West
                                                      Bengal
 307     NABCONS                        Farmers       Jabalpur     23.02.2010
                                                      M.P.
 308     NABCONS                        Farmers       Alwar        23.02.2010
                                                      Rajasthan
 309     NABCONS                        Farmers       Faizabad     23.02.2010
                                                      UP
 310     NIAM, Jaipur                   Farmers       Darvha,      23.02.2010
                                                      Yavatmal
 311     NIAM, Jaipur                   Farmers       Karanja,     24.02.2010
                                                      Washim
 312     CIFA-MCX                       Farmers       Jabalpur     24.2.2010
 313     NABCONS                        Farmers       Ferozepur    24.2.2010
                                                      Punjab
 314     NABCONS                        Farmers       Kollam       24.2.2010
                                                      Kerala
 315     NABCONS                        Farmers       Ernakula     24.2.2010
                                                      m
                                                      Kerala
 316     NABCONS                        Farmers       Gorakhpur    24.2.2010
                                                      UP
 317     NABARD – NCDEX                 Farmers       Bhandara     24.2.2010
                                                      (MS)
 318     NIAM, Jaipur                   Farmers       Kullu        24.02.2010
                                                      Himachal
                                                      Pradesh
 319     NABCONS                        Farmers       Varanasi     25.2.2010
                                                      UP
 320     NABCONS                        Farmers       Jorhat,      25.2.2010
                                                      Assam
 321     NIAM, Jaipur                   Farmers       Mandi,       25.02.2010
                                                      Himachal
                                                      Pradesh
 322     NIAM, Jaipur                   Farmers       Amarawat     25.02.2010
                                                      i
 323     NIAM, Jaipur                   Farmers       Motala,      26.02.2010
                                                      Buldhana
 324     NABARD – NCDEX                 Farmers       Gondia       26.2.2010
                                                      (MS)
 325     NABCONS                        Farmers       Tinsukhia,   26.2.2010
                                                      Assam
 326     NABCONS                        Farmers       Allahabad    26.2.2010
 327     NABCONS                        Farmers       Gurgaon      26.2.2010
                                                      Haryana
 328     NABCONS                        Farmers       Lohit        26.2.2010
                                                      Arunachal
                                                      Pradesh
 329     NABCONS                        Farmers       Kodagu       26.2.2010

                                                                            103
S. No.      Name of the lead Exchange     Category      Place        Date
                                                     Karnataka
 330     NABCONS                        Farmers      Gwalior       26.2.2010
                                                     M.P.
 331     NABCONS                        Farmers      Bareilly      26.2.2010
                                                     UP
 332     NABCONS                        Farmers      Thrissur      27.2.2010
                                                     Kerala
 333     NIAM, Jaipur                   Farmers      Chopada,      27.2.2010
                                                     Jalgaon,
                                                     Maharasht
                                                     ra
 334     NIAM, Jaipur                   Farmers      Ukhrul        27.2.2010
                                                     Manipur
 335     NABCONS                        Farmers      Kozhikod      1.03.2010
                                                     e
                                                     Kerala
 336     NIAM, Jaipur                   Farmers      Raiganj       2.03.2010
                                                     West
                                                     Bengal
 337     NIAM, Jaipur                   Farmers      Jalpaiguri    3.03.2010
                                                     West
                                                     Bengal
 338     NABCONS                        Farmers      Sirsa         3.03.2010
                                                     Haryana
 339     NABCONS                        Farmers      Dhule         3.03.2010
                                                     Maharasht
                                                     ra
 340     NABCONS                        Farmers      Ludhiyana     3.03.2010
                                                     Punjab
 341     MCX-GSK                        Farmers      Ajeetpur      3.03.2010
                                                     Branch
                                                     Post office
                                                     (Lalganj
                                                     GSK, Rae
                                                     Bareili,
                                                     U.P.)
 342     MCX-GSK                        Farmers      Akauni        3.03.2010
                                                     Branch
                                                     Post office
                                                     (Lalganj
                                                     GSK, Rae
                                                     Bareili,
                                                     U.P.)
 343     MCX-GSK                        Farmers      Samarpah      4.03.2010
                                                     a Branch
                                                     Post office
                                                     (Lalganj
                                                     GSK, Rae
                                                     Bareili,
                                                     U.P.)
 344     MCX-GSK                        Farmers      Bishunkhe     4.03.2010
                                                     dha
                                                     Branch
                                                     Post office
                                                                            104
S. No.     Name of the lead Exchange     Category       Place       Date
                                                    (Lalganj
                                                    GSK, Rae
                                                    Bareili,
                                                    U.P.)
 345     NABCONS                       Farmers      Beed          4.03.2010
                                                    Maharasht
                                                    ra
 346     NABCONS                       Farmers      Hisar         4.03.2010
                                                    Haryana
 347     NABCONS                       Farmers      West-         4.03.2010
                                                    Tripura
 348     NABCONS                       Farmers      South         5.3.2010
                                                    Tripura
 349     NABCONS                       Farmers      Mahender      5.3.2010
                                                    garh
                                                    Haryana
 350     NABCONS                       Farmers      Chikmaga      5.3.2010
                                                    lur
                                                    Karnataka
 351     NABCONS                       Farmers      Jalna         5.3.2010
                                                    Maharasht
                                                    ra
 352     NABCONS                       Farmers      Puri          5.3.2010
                                                    Orissa
 353     NABCONS                       Farmers      Sangrur       5.3.2010
                                                    Punjab
 354     NABCONS                       Farmers      Bathinda      5.3.2010
                                                    Punjab
 355     NABCONS                       Farmers      Aurangab      6.3.2010
                                                    ad
                                                    Maharasht
                                                    ra
 356     NABCONS                       Farmers      Hassan        6.3.2010
                                                    Karnataka
 357     NABCONS                       Farmers      Kottayam      6.3.2010
                                                    Kerala
 358     NABCONS                       Farmers      Lower         6.3.2010
                                                    Subansiri
                                                    Arunachal
                                                    Pradesh
 359     MCX-GSK                       Farmers      Kamradhd      6.3.2010
                                                    a Branch
                                                    Post office
                                                    (Lalganj
                                                    GSK, Rae
                                                    Bareili,
                                                    U.P.)
 360     MCX-GSK                       Farmers      Mahakher      6.3.2010
                                                    a Branch
                                                    Post office
                                                    (Lalganj
                                                    GSK, Rae
                                                    Bareili,

                                                                           105
S. No.     Name of the lead Exchange     Category      Place       Date
                                                    U.P.)
 361     MCX-GSK                       Farmers      APMC         8.3.2010
                                                    Babhulgao
                                                    n
                                                    (Babhulga
                                                    on GSK,
                                                    Yavatmal,
                                                    Maharasht
                                                    ra)
 362     NABCONS                       Farmers      Dharwad      8.3.2010
                                                    Karnataka
 363     NABARD – NCDEX                Farmers      Amravati     8.3.2010
 364     NABCONS                       Farmers      Theni       8.03.2010
 365     NABARD – NCDEX                Farmers      Yeotmal      9.3.2010
 366     NABCONS                       Farmers      Rewari       9.3.2010
                                                    Haryana
 367     NABCONS                       Farmers      Solapur     9.3.2010
                                                    Maharasht
                                                    ra
 368     NABCONS                       Farmers      Cuttack      9.3.2010
                                                    Orissa
 369     NABCONS                       Farmers      Agra UP      9.3.2010
 370     MCX-GSK                       Farmers      Dabha        9.3.2010
                                                    Branch
                                                    Post
                                                    Office
                                                    (Babhulga
                                                    on GSK,
                                                    Yavatmal,
                                                    Maharasht
                                                    ra)
 371     MCX-GSK                       Farmers      Pahur        9.3.2010
                                                    Branch
                                                    Post
                                                    Office
                                                    (Babhulga
                                                    on GSK,
                                                    Yavatmal,
                                                    Maharasht
                                                    ra)
 372     MCX-GSK                       Farmers      Rani        10.3.2010
                                                    Amravati
                                                    Branch
                                                    Post
                                                    Office
                                                    (Babhulga
                                                    on GSK,
                                                    Yavatmal,
                                                    Maharasht
                                                    ra)
 373     MCX-GSK                       Farmers      Dighi       10.3.2010
                                                    Branch
                                                    Post
                                                    Office
                                                                           106
S. No.      Name of the lead Exchange     Category      Place       Date
                                                     (Babhulga
                                                     on GSK,
                                                     Yavatmal,
                                                     Maharasht
                                                     ra)
 374     NABCONS                        Farmers      Ganjam       10.3.2010
                                                     Orissa
 375     NABCONS                        Farmers      Kannur       10.3.2010
                                                     Kerala
 376     NABCONS                        Farmers      Housanga     10.3.2010
                                                     bad
                                                     M.P.
 377     NABARD – NCDEX                 Farmers      Washim       10.3.2010
                                                     (MS)

 378     NABCONS                        Farmers      Srigangan    10.3.2010
                                                     agar
                                                     Rajasthan
 379     NABCONS                        Farmers      Swaimadh     10.3.2010
                                                     opur
                                                     Rajasthan
 380     NABCONS                        Farmers      Krishnagir   10.3.2010
                                                     i T.N.
 381     NABCONS                        Farmers      Jhansi UP    10.3.2010
 382     NABCONS                        Farmers      Unnao UP     10.3.2010
 383     NIAM, Jaipur                   Farmers      Tuljapur,    10.3.2010
                                                     Osmanaba
                                                     d
                                                     Maharasht
                                                     ra
 384     NABCONS                        Farmers      Mehsana      10.3.2010
                                                     Gujarat
 385     NABCONS                        Farmers      Shimoga      10.3.2010
                                                     Karnataka
 386     NABCONS                        Farmers      Bolangir     10.3.2010
                                                     Orissa
 387     NABCONS                        Farmers      Nagaon,      10.3.2010
                                                     Assam
 388     NABCONS                        Farmers      South        10.3.2010
                                                     Sikkim

 389     NABCONS                        Farmers      Kolasib      10.3.2010
                                                     Mizoram
 390     NABCONS                        Farmers      Perambalu    10.03.2010
                                                     r
 391     NABCONS                        Farmers      Satna MP     11.3.2010
 392     NABCONS                        Farmers      West         11.3.2010
                                                     Sikkim
 393     NABCONS                        Farmers      Ghaziabad    11.3.2010
                                                     UP
 394     NIAM, Jaipur                   Farmers      Latur        11.3.2010
                                                     Maharasht
                                                     ra

                                                                           107
S. No.     Name of the lead Exchange     Category     Place       Date

 395     NABCONS                       Farmers      N.Lakhim    11.3.2010
                                                    pur,
                                                    Assam
 396     NABCONS                       Farmers      Surat       11.3.2010
                                                    Gujarat
 397     NABCONS                       Farmers      Vidisha     11.3.2010
                                                    M.P.
 398     MCX-GSK                       Farmers      Pardi       11.3.2010
                                                    Branch
                                                    Post
                                                    Office
                                                    (Babhulga
                                                    on GSK,
                                                    Yavatmal,
                                                    Maharasht
                                                    ra)
 399     MCX-GSK                       Farmers      Ashthi      11.3.2010
                                                    Branch
                                                    Post
                                                    Office
                                                    (Babhulga
                                                    on GSK,
                                                    Yavatmal,
                                                    Maharasht
                                                    ra)
 400     MCX-GSK                       Farmers      Kotha       12.3.2010
                                                    Branch
                                                    Post
                                                    Office
                                                    (Babhulga
                                                    on GSK,
                                                    Yavatmal,
                                                    Maharasht
                                                    ra)
 401     MCX-GSK                       Farmers      Veni(Kasa   12.3.2010
                                                    ba)
                                                    Branch
                                                    Post
                                                    Office
                                                    (Babhulga
                                                    on GSK,
                                                    Yavatmal,
                                                    Maharasht
                                                    ra)
 402     NABCONS                       Farmers      Ratnagiri   12.3.2010
                                                    Maharasht
                                                    ra
 403     NABCONS                       Farmers      Chandrap    12.3.2010
                                                    ur
                                                    Maharasht
                                                    ra
 404     NABCONS                       Farmers      Bharuch     12.3.2010
                                                    Gujarat
                                                                         108
S. No.     Name of the lead Exchange      Category      Place        Date
 405     NABCONS                       Farmers       Kheda         12.3.2010
                                                     Gujarat
 406     NABCONS                       Farmers       Rajkot        12.3.2010
                                                     Gujarat
 407     NABCONS                       Farmers       Jhalawar      12.3.2010
                                                     Rajasthan
 408     NABCONS                       Farmers       Ajmer         12.3.2010
                                                     Rajasthan
 409     NABCONS                       Farmers       Moradaba      12.3.2010
                                                     d UP
 410     NABCONS                       Farmers       Sagar MP      12.3.2010
 411     NABCONS                       Farmers       Kota          13.3.2010
                                                     Rajasthan
 412     NCDEX                         Press         Kolkata       13.3.2010
 413     NIAM, Jaipur                  Farmers       Sinnar,       13.3.2010
                                                     Nasik
                                                     Maharasht
                                                     ra
 414     NABCONS                       Farmers       Sonitpur      14.3.2010
                                                     Assam
 415     NIAM, Jaipur                  Farmers       Nasik         14.3.2010
                                                     Maharasht
                                                     ra
 416     MCX-GSK                       Farmers       Kudha         14.3.2010
                                                     Branch
                                                     Post office
                                                     (Jais GSK,
                                                     RaeBareli)
 417     MCX-GSK                       Farmers       Sandha        14.3.2010
                                                     Branch
                                                     Post office
                                                     (Jais GSK,
                                                     RaeBareli)
 418     MCX-GSK                       Farmers       Kasimpur      15.3.2010
                                                     Branch
                                                     Post office
                                                     (Jais GSK,
                                                     RaeBareli)
 419     MCX-GSK                       Farmers       Paraiyana     15.3. 2010
                                                     maksar
                                                     Branch
                                                     Post office
                                                     (Jais GSK,
                                                     RaeBareli)
 420     MITCON – PUNE                 Farmers       Krishi        15.3.2010
                                                     Vigyan
                                                     Kendra ,
                                                     Barpeta,
                                                     AAU,
                                                     Howly,
                                                     Assam
 421     MCX-GSK                       Farmers       Mau           16 .3. 2010
                                                     Branch

                                                                            109
S. No.      Name of the lead Exchange     Category      Place         Date
                                                     Post office
                                                     (Nasiraba
                                                     d GSK,
                                                     Rae
                                                     Bareli)
 422     MCX-GSK                        Farmers      Vinnao        16 .3. 2010
                                                     Branch
                                                     Post office
                                                     (Nasiraba
                                                     d GSK,
                                                     Rae
                                                     Bareli)
 423     NABCONS                        Farmers      Chhindwa      16.03.2010
                                                     na
 424     NABCONS                        Farmers      Sambalpur     16.03.2010
 425     NABCONS                        Farmers      Sundergar     16.03.2010
                                                     h
 426     MCX-GSK                        Farmers      Chatoh        17.3.2010
                                                     Branch
                                                     Post office
                                                     (Nasiraba
                                                     d GSK,
                                                     Rae
                                                     Bareli)
 427     MCX-GSK                        Farmers      Kunvarma      17.3.2010
                                                     u Branch
                                                     Post office
                                                     (Nasiraba
                                                     d GSK,
                                                     Rae
                                                     Bareli)
 428     NABCONS                        Farmers      Serchhip      17.3.2010
                                                     Mizoram
 429     MITCON – PUNE                  Farmers      Krishi        18.3.2010
                                                     Vigyan
                                                     Kendra,
                                                     Jorhat,
                                                     Kaliapani,
                                                     Teok-
 430     NIAM, Jaipur                   Farmers      Thane         18.3.2010
                                                     Maharasht
                                                     ra
 431     NABCONS                        Farmers      Kurnool       18.03.2010
 432     NABCONS                        Farmers      Coimbator     18.03.2010
                                                     e
 433     NABCONS                        Farmers      Birbhum       18.03.2010
                                                     WB
 434     MITCON – PUNE                  Farmers      Krishi        18.3.2010
                                                     Vidhyan
                                                     Kendra,
                                                     Senapati,
                                                     Hengbung
                                                     , B.P.O.
                                                     Hengbung
                                                                             110
S. No.     Name of the lead Exchange     Category       Place        Date
                                                    P.O.
                                                    Kangpokp
                                                    i, Senapati
                                                    District,
                                                    Manipur
 435     MITCON – PUNE                 Farmers      Krishi        18.3.2010
                                                    Vigyan
                                                    Kendra ,
                                                    Lunglei,
                                                    Govt. of
                                                    Mizoram,
                                                    Hnathial,
                                                    Dist:
                                                    Lunglei
                                                    (Mizoram)
                                                    Pin:
                                                    796571
 436     MCX-GSK                       Farmers      Kawalewa      18.3.2010
                                                    da Branch
                                                    Post
                                                    Office
                                                    (Gondia
                                                    GSK,Mah
                                                    arashtra)
 437     MCX-GSK                       Farmers      Batana        19.3. 2010
                                                    Branch
                                                    Post
                                                    Office
                                                    (Gondia
                                                    GSK,Mah
                                                    arashtra)
 438     MCX-GSK                       Farmers      Nawegao       19.3. 2010
                                                    kala
                                                    Branch
                                                    Post
                                                    Office
                                                    (Gondia
                                                    GSK,Mah
                                                    arashtra)
 439     MITCON – PUNE                 Farmers      Krishi        19.3.2010
                                                    Vigyan
                                                    Kendra,
                                                    Karimganj
                                                    ,
                                                    AAU,
                                                    Karimganj
 440     MITCON – PUNE                 Farmers      Krishi        19.3.2010
                                                    Vidhyan
                                                    Kendra,
                                                    Senapati,
                                                    Hengbung
                                                    , B.P.O.
                                                    Hengbung
                                                    P.O.
                                                                            111
S. No.     Name of the lead Exchange     Category       Place        Date
                                                    Kangpokp
                                                    i, Senapati
                                                    District,
                                                    Manipur
 441     NABCONS                       Farmers      Erode         19.03.2010
 442     NABCONS                       Farmers      Nagapatti     19.03.2010
                                                    nam
 443     NABCONS                       Farmers      Hooghly       19.03.2010
 444     NABCONS                       Farmers      Nizamaba      19.03.2010
                                                    d
 445     MITCON – PUNE                 Farmers      Krishi        20.3.2010
                                                    Vigyan
                                                    Kendra ,
                                                    Lunglei,
                                                    Govt. of
                                                    Mizoram,
                                                    Hnathial,
                                                    Dist:
                                                    Lunglei
                                                    (Mizoram)
 446     NABCONS                       Farmers      Mandsaur      20.03.2010
                                                    MP

 447     NABCONS                       Farmers      Cachar,       20.03.2010
                                                    Assam

 448     MCX-GSK                       Farmers      Girola        20.3. 2010
                                                    Branch
                                                    Post
                                                    Office
                                                    (Gondia
                                                    GSK,Mah
                                                    arashtra)
 449     MCX-GSK                       Farmers      Kamtha        20.3. 2010
                                                    Branch
                                                    Post
                                                    Office
                                                    (Gondia
                                                    GSK,Mah
                                                    arashtra)
 450     MCX-GSK                       Farmers      Rawanwa       20.3. 2010
                                                    di Branch
                                                    Post
                                                    Office
                                                    (Gondia
                                                    GSK,Mah
                                                    arashtra)
 451     MCX-GSK                       Farmers      Gondia        21.3. 2010
                                                    Khurd
                                                    Branch
                                                    Post
                                                    Office
                                                    (Gondia
                                                    GSK,Mah
                                                                            112
S. No.     Name of the lead Exchange     Category      Place         Date
                                                    arashtra)
 452     MITCON – PUNE                 Farmers      Krishi        21.3.2010
                                                    Vigyan
                                                    Kendra,
                                                    Nagaon,
                                                    AAU,
                                                    Shillongan
                                                    i, Nagaon-
 453     MITCON – PUNE                 Farmers      Krishi        21.3.2010
                                                    Vidhyan
                                                    Kendra,
                                                    Bishnupur
                                                    ,
                                                    Utlou,
                                                    P.O.
                                                    Nambol,
                                                    Bishnupur
                                                    District,
                                                    Manipur.
                                                    Pin-
                                                    795134.
 454     MITCON – PUNE                 Farmers      Krishi        21.3.2010
                                                    Vigyan
                                                    Kendra ,
                                                    Kohima ,
                                                    Director
                                                    of
                                                    Agricultur
                                                    e,
                                                    Govt. of
                                                    Nagaland,
                                                    Kohima.
 455     MCX-GSK                       Farmers      Satona        22.3. 2010
                                                    Branch
                                                    Post
                                                    Office
                                                    (Gondia
                                                    GSK,Mah
                                                    arashtra)
 456     MCX-GSK                       Farmers      Banathar      22.3. 2010
                                                    Branch
                                                    Post
                                                    Office
                                                    (Gondia
                                                    GSK,Mah
                                                    arashtra)
 457     MCX-GSK                       Farmers      Savaiya       22.3. 2010
                                                    Hasan
                                                    Branch
                                                    Post office
                                                    (Mustafab
                                                    ad GSK,
                                                    Rae
                                                    Bareli)
                                                                            113
S. No.     Name of the lead Exchange     Category      Place         Date
                                                    U.P.
 458     MCX-GSK                       Farmers      Khamari       23.3.2010
                                                    Branch
                                                    Post
                                                    Office
                                                    (Gondia
                                                    GSK,Mah
                                                    arashtra)
 459     MCX-GSK                       Farmers      Arkha         23.3. 2010
                                                    Branch
                                                    Post office
                                                    (Mustafab
                                                    ad GSK,
                                                    Rae
                                                    Bareli)
                                                    U.P.
 460     MCX-GSK                       Farmers      Kotra         23.3. 2010
                                                    Bahadurga
                                                    nj Branch
                                                    Post office
                                                    (Mustafab
                                                    ad GSK,
                                                    Rae
                                                    Bareli)
                                                    U.P.
 461     MITCON – PUNE                 Farmers      Krishi        24.3.2010
                                                    Vigyan
                                                    Kendra ,
                                                    Mokokchu
                                                    ng, SARS,
                                                    P.B.
                                                    No. 23,
                                                    Dist.
                                                    Mokokchu
                                                    ng
                                                    (Nagaland
                                                    )

 462     MITCON – PUNE                 Farmers      KVK,          24.3.2010
                                                    Tripura
                                                    South,
                                                    Birchandr
                                                    a Manu
                                                    (ICAR)
                                                    P.O. -
                                                    Manpather
                                                    , South
                                                    Tripura
                                                    Santirbaza
                                                    r.
 463     MCX, Mumbai                   Farmers      Hyderaba      24.3.2010
                                                    d
 464     NABCONS                       Farmers      Malda         25.03.2010
                                                    WB
                                                                            114
S. No.     Name of the lead Exchange      Category      Place         Date
 465     NABCONS                       Farmers       Deoghar       25.03.2010
                                                     Jharkhand
 466     MITCON – PUNE                 Farmers       Krishi        25.3.2010
                                                     Vigyan
                                                     Kendra,
                                                     East
                                                     Sikkim,
                                                     ICAR,Res
                                                     earch
                                                     Complex
                                                     for
                                                     NEH
                                                     Region,
                                                     Sikkim
                                                     Centre,
                                                     Ranipool,
                                                     East
                                                     Sikkim -
                                                     737135.
 467     UAS- Dharward                 Farmers       Bijapur       25.3.2010
                                                     Karnataka
 468     MCX-GSK                       Farmers       Akorhiya      25.3. 2010
                                                     Branch
                                                     Post office
                                                     (Mustafab
                                                     ad GSK,
                                                     Rae
                                                     Bareli)
                                                     U.P.
 469     MCX-GSK                       Farmers       Pattirahat    25.3. 2010
                                                     Kaithawa
                                                     Branch
                                                     Post office
                                                     (Mustafab
                                                     ad GSK,
                                                     Rae
                                                     Bareli)
                                                     U.P.
 470     MCX-GSK                       Farmers       Prahaladp     26.3. 2010
                                                     ur Branch
                                                     Post office
                                                     (Mustafab
                                                     ad GSK,
                                                     Rae
                                                     Bareli)
                                                     U.P.
 471     MCX-GSK                       Farmers       Gangauli      26.3.2010
                                                     Branch
                                                     Post office
                                                     (Mustafab
                                                     ad GSK,
                                                     Rae
                                                     Bareli)
                                                     U.P.
                                                                            115
S. No.     Name of the lead Exchange      Category      Place       Date
 472     MCX-GSK                       Farmers       Salawa      26.3. 2010
                                                     Branch
                                                     Post office
                                                     (Sardhana
                                                     GSK,
                                                     Meerut,
                                                     U.P.)
 473     MCX-GSK                       Farmers       Kheda       26.3. 2010
                                                     Branch
                                                     Post office
                                                     (Sardhana
                                                     GSK,
                                                     Meerut,
                                                     U.P.)
 474     NABCONS                       Farmers       Murshidab 26.03.2010
                                                     ad WB
 475     NABCONS                       Farmers       Guntur      26.03.2010
 476     NABCONS                       Farmers       Dharbad     26.03.2010
                                                     Jharkhand
 477     MITCON – PUNE                 Farmers       Krishi       26.3.2010
                                                     Vigyan
                                                     Kendra,
                                                     Kamrup,
                                                     AAU,Kahi
                                                     kuchi,
                                                     P.O. -
                                                     Azara,
                                                     Guwahati-
                                                     District –
                                                     Kamrup
                                                     (Assam)
 478     MITCON – PUNE                 Farmers       Krishi       26.3.2010
                                                     Vigyan
                                                     Kendra ,
                                                     Chirang,
                                                     P.O.:
                                                     Kajalgaon,
                                                     Dist.:
                                                     Chirang,
 479     MITCON – PUNE                 Farmers       Krishi       26.3.2010
                                                     Vigyan
                                                     Kendra ,
                                                     Dimapur,
                                                     ICAR
                                                     Research
                                                     Complex
                                                     for NEH
                                                     Region,
                                                     Jharnapani
                                                     , P.O.
                                                     Medziphe
                                                     ma,
                                                     Dist-
                                                     Dimapur
                                                                         116
S. No.     Name of the lead Exchange     Category      Place       Date
                                                    (Nagaland
                                                    ),

 480     MITCON – PUNE                 Farmers      Krishi       27.3.2010
                                                    Vigyan
                                                    Kendra,N
                                                    orth
                                                    Sikkim,
                                                    Mangan,
                                                    North
                                                    Sikkim-
                                                    737116
 481     NCDEX                         Press        Lucknow      27.3.2010
 482     NABCONS                       Farmers      Hazaribag    27.3.2010
                                                    Jharkhand
 483     MITCON – PUNE                 Farmers      Krishi       27.3.2010
                                                    Vigyan
                                                    Kendra,
                                                    Darrang,
                                                    Leneripara
                                                    ,
                                                    Khajanaga
                                                    r, Ward
                                                    no.2 ,
                                                    Mangaldoi
 484     MITCON – PUNE                 Farmers      KVK,         27.3.2010
                                                    East Siang
                                                    P.O. –
                                                    Pasighat,
                                                    District -
                                                    East Siang
                                                    (Arunacha
                                                    l
                                                    Pradesh)
 485     MITCON – PUNE                 Farmers      KVK,         27.3.2010
                                                    RiBhoi,
                                                    ICAR
                                                    Research
                                                    Complex
                                                    for NEH
                                                    Region,
                                                    Umroi
                                                    Road,
                                                    Umiam

 486     MITCON – PUNE                 Farmers      Divyoday     27.3.2010
                                                    a Krishi
                                                    Vigyan
                                                    Kendra,
                                                    P.O.-
                                                    Chebri,
                                                    Khowai,
                                                    West
                                                    Tripura.
                                                                          117
S. No.     Name of the lead Exchange      Category      Place         Date
 487     MCX-GSK                       Farmers       Jetakri       27.3.2010
                                                     Branch
                                                     Post office
                                                     (Sardhana
                                                     GSK,
                                                     Meerut,
                                                     U.P.)
 488     MCX-GSK                       Farmers       Kalandi       27.3.2010
                                                     Branch
                                                     Post office
                                                     (Sardhana
                                                     GSK,
                                                     Meerut,
                                                     U.P.)
 489     MCX-GSK                       Farmers       Moon          27.3. 2010
                                                     Branch
                                                     Post office
                                                     (Maharjga
                                                     nj GSK,
                                                     Rae
                                                     Bareli)
 490     MCX-GSK                       Farmers       Kubna         27.3. 2010
                                                     Branch
                                                     Post office
                                                     (Maharjga
                                                     nj GSK,
                                                     Rae
                                                     Bareli)
 491     NCDEX                         Members       Coimbator     27.3.2010
                                                     e
 492     MCX-GSK                       Farmers       Sothi         28.3. 2010
                                                     Branch
                                                     Post office
                                                     (Maharjga
                                                     nj GSK,
                                                     Rae
                                                     Bareli)
 493     MCX-GSK                       Farmers       Gauri         28.3. 2010
                                                     Pokhanni
                                                     Branch
                                                     Post office
                                                     (Maharjga
                                                     nj GSK,
                                                     Rae
                                                     Bareli)
 494     MCX-GSK                       Farmers       Khusahwa      28.3. 2010
                                                     li Branch
                                                     Post office
                                                     (Sardhana
                                                     GSK,
                                                     Meerut,
                                                     U.P.)
 495     MCX-GSK                       Farmers       Mahadev       28.3. 2010
                                                     Branch
                                                                            118
S. No.     Name of the lead Exchange     Category      Place        Date
                                                    Post office
                                                    (Sardhana
                                                    GSK,
                                                    Meerut,
                                                    U.P.)
 496     MITCON – PUNE                 Farmers      KVK,          28.3.2010
                                                    West Garo
                                                    Hills,
                                                    ICAR
                                                    Research
                                                    Complex
                                                    for NEH
                                                    Region,
                                                    Tura,
                                                    Sangsangi
                                                    ri
                                                    P.O.
                                                    Dobasipar
                                                    a, Dist.
                                                    West
                                                    Garo Hills

 497     MITCON – PUNE                 Farmers      KVK,Bale      28.3.2010
                                                    k, C/o,
                                                    District
                                                    Agricultur
                                                    e Office,
                                                    Roing,
                                                    Dist.
                                                    Lower
                                                    Dibang
                                                    Valley,

 498     MITCON – PUNE                 Farmers      Krishi        28.3.2010
                                                    Vidhyan
                                                    Kendra,
                                                    Bishnupur
                                                    ,
                                                    Utlou,
                                                    P.O.
                                                    Nambol,
                                                    Bishnupur
                                                    District,
                                                    Manipur.

 499     NABCONS                       Farmers      Warangal      29.03.2010

 500     MITCON – PUNE                 Farmers      Krishi        29.3.2010
                                                    Vigyan
                                                    Kendra ,
                                                    Nalbari,
                                                    AAU,
                                                    Sariahtoli
                                                    Dist.
                                                                           119
 S. No.     Name of the lead Exchange     Category     Place          Date
                                                     Nalbari,

  501     MITCON – PUNE                 Farmers      Krishi        29.3.2010
                                                     Vigyan
                                                     Kendra,
                                                     Dhubri,
                                                     AAU,
                                                     Bilasipara
                                                     P.O.
                                                     Bilasipara,
                                                     Assam
  502     MCX-GSK                       Farmers      Bhanori       29.3. 2010
                                                     Branch
                                                     Post office
                                                     (Sardhana
                                                     GSK,
                                                     Meerut,
                                                     U.P.)
  503     MCX-GSK                       Farmers      Bapursi       29.3. 2010
                                                     Branch
                                                     Post office
                                                     (Sardhana
                                                     GSK,
                                                     Meerut,
                                                     U.P.)
  504     MCX-GSK                       Farmers      Maugarvi      29.3. 2010
                                                     Branch
                                                     Post office
                                                     (Maharjga
                                                     nj GSK,
                                                     Rae
                                                     Bareli)
  505     MCX-GSK                       Farmers      Muraini       29.3. 2010
                                                     Branch
                                                     Post office
                                                     (Maharjga
                                                     nj GSK,
                                                     Rae
                                                     Bareli)

  506     MCX, Mumbai                   Farmers      Warrangal     29.3.2010
  507     MCX-GSK                       Farmers      Chandapu      30.3. 2010
                                                     r Branch
                                                     Post office
                                                     (Maharjga
                                                     nj GSK,
                                                     Rae
                                                     Bareli)
508       MCX-GSK                       Farmers      Adhasana      30.3. 2010
                                                     Branch
                                                     Post office
                                                     (Maharjga
                                                     nj GSK,
                                                     Rae
                                                                             120
S. No.     Name of the lead Exchange     Category      Place         Date
                                                    Bareli)
 509     NABCONS                       Farmers      Visakhapa     30.03.2010
                                                    tnam
 510     NABCONS                       Farmers      Nadia WB      30.03.2010
 511     MITCON – PUNE                 Farmers      Krishi        30.3.2010
                                                    Vigyan
                                                    Kendra,
                                                    Khumtai,
                                                    Golaghat,
                                                    Assam
 512     MITCON – PUNE                 Farmers      Krishi        30.3.2010
                                                    Vidhyan
                                                    Kendra,
                                                    Thoubal,
                                                    Wangbal
                                                    Rice
                                                    Research
                                                    Station,
                                                    Director
                                                    of
                                                    Agricultur
                                                    e,
                                                    Govt. of
                                                    Manipur,
                                                    Imphal,
 513     MITCON – PUNE                 Farmers      KVK, Po-      30.3.2010
                                                    Deomali,
                                                    Distt.
                                                    Tirap
                                                    Arunachal
                                                    Pradesh

 514     MITCON – PUNE                 Farmers      KVK,          31.3.2010
                                                    South
                                                    Sikkim,
                                                    P.O.
                                                    Namthang
                                                    South
                                                    Sikkim
                                                    District,
 515     MCX-GSK                       Farmers      Dusauti       31.3. 2010
                                                    Branch
                                                    Post office
                                                    (Maharjga
                                                    nj GSK,
                                                    Rae
                                                    Bareli)




                                                                            121
                                                                Annexure VII-B
Statewise Summery of Awareness Programmes conducted for Farmers / Non-farmers.


   S. No.     Names of States     Farmers      Non-farmers       Total

     1      Maharashtra              113            14            127

     2      Andhra Pradesh            8             11            19

     3      West Bengal              10              1            11

     4      Uttaranchal               9              --            9

     5      Punjab                   10              4            14

     6      Gujarat                  14              5            19

     7      Kerala                   14              6            20

     8      Tamil Nadu                7              9            16

     9      Karnataka                16              6            22

    10      Rajasthan                11             11            22

    11      Bihar                     7              --            7

    12      Madhya Pradesh           21              5            26

    13      Uttar Pradesh            86              8            94

    14      Jharkhand                 7              1             8

    15      Haryana                  10              1            11

    16      New Delhi                --              3             3

    17      Orissa                   11              2            13

    18      Assam                    22              3            25

    19      Himachal Pradesh          5              --            5

    20      Nagaland                  4              --            4

    21      Mizoram                   5              --            5

    22      Meghalaya                 2              --            2

    23      Sikkim                    6              --            6

    24      Manipur                   9              --            9


                                                                           122
S. No.     Names of States   Farmers   Non-farmers   Total

 25      Chatttisgarh          6            1         7

 26      Jammu                 --           1         1

 27      Tripura               5           --         5

 28      Arunachal Pradesh     5           --         5

               TOTAL           423         92        515




                                                             123
                                                                             Annexure VIII

             Details of training programmes conducted during 2009-10.

S. No. Name       Dates
                 of             and Name of the programme               Category       of
       the        Venue of the                                          participants
       Institute  programme
1      VAMNICO    3-5th Aug. 2009   Programme on commodity              Cooperative
       M, Pune    Pune              futures       market     for        personnel
                                    cooperatives
2      VAMNICO 3-5th Aug. 2009      Programme       on    sugar         Cooperative
       M, Pune    Pune              futures trading                     personnel
3      N.G. Ranga 18th -19th Aug. TOT         programme       on        Professor Heads
       Univ.      2009              Commodity Futures Market            of        KVKs,
       Hyderabad Hyderabad          for             Agricultural        Researchers and
                                    Universities                        PG students of
                                                                        MABM,.
4      N.G. Ranga     20th August, 2010   Awareness programme           Progressive
       Univ.          Hyderabad                                         farmers
       Hyderabad
5      TOPIC,       20-21st Aug. 09       Futures       trading    of   Cooperatives
       Gurgaon      Gurgaon               agricultural commodities
6      VAMNICO      14-16th      Sept.    Programme on creating         Cooperative
       M, Pune      2009                  excellence through strategy   personnel
                    Panaji, Goa           and culture
7      IICM, Navi 18-19th        Sept.    Seminar on commodity      For officers of
       Mumbai       2009                  futures market            Central & State
                    Navi Mumbai.                                    Govt. officers
8      Swami        23-24th      Sept.    TOT    programme       on Faculties,
       Keshwa       2009                  Commodity futures market scientists,     PG
       anand        Bikaner                                         students& KVK‟s
       Rajasthan
       Agricultural
       Bikaner
9      TOPIC,       24-25th Sept. 09      Futures       trading       of Cooperatives
       Gurgaon      Gurgaon               agricultural commodities
10     IICM, Navi 23-24th Oct. 2009       Seminar on commodity For officers of
       Mumbai       Navi Mumbai           futures market                 Central & State
                                                                         Govt. officers
11     MANAGE,        26-29th Oct. 09     Commodity Futures Market For faculty of
       Hyderabad      Hyderabad           in    major       agricultural MANAGE,
                                          commodities                    Hyderabad
12     CAB, Pune      3-4th Nov. 09       Commodity Futures Market For bankers from
                      Pune                and the Role of Banks          RBI,
                                                                         Nationalised
                                                                         banks, SBI, Axis
                                                                         bank,       Kotak
                                                                         Securities
13     IICM, Navi 20-21st Nov.2009        Seminar on commodity For officers of
       Mumbai     Navi Mumbai             futures market                 Central & State
                                                                         Govt. officers
14     TOPIC,         26-27th Nov. 09     Futures       trading       of Cooperatives
       Gurgaon        Gurgaon             agricultural commodities
                                                                                        124
S. No. Name      of Dates     and Name of the programme              Category       of
       the          Venue of the                                     participants
       Institute    programme

15    IIM(B)         2-3rd Dec. 09       Seminar on Commodity For                senior
                     Bangalore           Futures Market              officers        of
                                                                     Central & State
                                                                     Govt. of the rank
                                                                     of      Additional
                                                                     Secretary      and
                                                                     Secretary
16    Govt.     of   17th Dec. 2009      Impact     of    electronic Senior      Govt.
      Bengal for     Kolkata             Exchanges on reforms in officials of Govt.
      senior Govt.                       Agricultural Marketing      of West Bengal
      officials
17    ACMART,        21-22nd     Dec. Commodity Futures trading      CEOs and MDs
      Kolkata-       2009             of              Agricultural   of Cooperative
                     Kolkata          Commodities                    Bank Personnel
18    Pondicherry    8-9th    January,On commodity derivatives       For commerce,
      University     2010 FDP prog.   for          bankers/policy    economics and
                     Pondicherry      makers/traders/faculty/ware    management
                                      housing companies and          faculties
                                      farmers
19    Mahatama,      20-21st January, Commodity futures market       Training
      Phule          2010             for faculty of Agricultural    programme for
      Krishi         Rahuri,          Universities                   faculty members
      Vidypeeth,     Ahmednagar                                      and students &
      Ahmedanag                                                      KBK‟s
      ar
20    Mahatama,      22nd    January, Programme for extension Extension
      Phule          2010             personnel               Personnel such as
      Krishi         Rahuri,                                  Regional
      Vidypeeth,     Ahmednagar                               Extension
      Ahmedanag                                               Centers, District
      ar                                                      Extension
                                                              Centers         and
                                                              Krishi     Vigyan
                                                              Extension under
                                                              the jurisdiction of
                                                              MPKV, Rahuri

21    NABCON,      28-29th January,      TOT    programme      on For     NABARD
      Lucknow      2010                  Commodity Futures Market officers
                   Lucknow
22    Indira       2-3rd   February,   Commodity futures market 25          District
      Gandhi       2010                for banker of Cooperative Central
      Institute of Lucknow             Sector                    Cooperative
      Cooperative                                                Banks (DCCBs)
      Managemen                                                  of U.P. State
      t, Lucknow                                                 besides        the
                                                                 officers from the
                                                                 Cooperative
                                                                 Department       of
                                                                 the State
23    TOPIC,         2-3rd   February, Futures    trading     of Cooperatives
                                                                                     125
S. No. Name      of Dates          and    Name of the programme        Category       of
       the           Venue of the                                      participants
       Institute     programme
       Gurgaon       2010                 agricultural commodities
                     Gurgaon
24     Rajasthan,    8th      February    TOT      on    Commodity For officers of
       Regional      2010                 Futures Market           NABARD, Jaipur
       Office     of Jaipur
       NABARD
25     Assam         8-9th Feb.2010       Commodity Futures Market Department         of
       Agricultural Jorhat                for faculty of Agricultural Agricultural
       Univ. Jorhat                       Universities                Economics, PG
                                                                      and         MBA-
                                                                      Agribusiness
                                                                      students         of
                                                                      Department      of
                                                                      Agriculture,
                                                                      MSC          Agri-
                                                                      Economics
                                                                      students, KVK‟s
                                                                      and      Extension
                                                                      personnel
                                                                      officials.
26      Kerala,        10th Feb. 2010     TOT       on   Commodity For officers of
        Regional       Trivendrum         Futures Market              NABARD,
        Office    of                                                  Trivendrum
        NABARD
27      Institute of   10-11th Feb.2010   Commodity futures market for      officers&
        Cooperative    Jaipur             for bankers of Cooperative Managers
        Managemen                         Sector                     of PACs.
        t, Jaipur
28      Karnataka,     11th Feb. 2010     TOT      on    Commodity For officers of
        Regional       Bangalore          Futures Market           NABARD,
        Office    of                                               Banglore
        NABARD
29      Haryana,       15th Feb. 2010     TOT      on    Commodity For officers of
        Regional       Chandigarh         Futures Market           NABARD,
        Office    of                                               Chandigarh
        NABARD
30      Punjab,        15th Feb. 2010     TOT      on    Commodity For officers of
        Regional       Chandigarh         Futures Market           NABARD,
        Office    of                                               Chandigarh
        NABARD
31      Indira         16-17th February, Commodity futures market All 50 District
        Gandhi         2010               for bankers of Cooperative Central
        Institute of   Lucknow            Sector                     Cooperative
        Cooperative                                                  Banks (DCCBs)
        Managemen                                                    of U.P. State
        t, Lucknow                                                   besides       the
                                                                     officers from the
                                                                     Cooperative
                                                                     Department     of
                                                                     the State
32      VAMNICO        16-19th Feb. 2010 Strategy for competing in Cooperatives
        M, Pune        Port         Blair the future for cooperative personnel
                                                                                       126
S. No. Name      of Dates         and    Name of the programme        Category       of
       the          Venue of the                                      participants
       Institute    programme
                    Andaman
                    Nikobar
33     Tamil Nadu 17-18th February,      Faculty        Development for faculty from
       Agricultural 2010                 programmes              at Agricultural
       University, Tiruchirapalli        Tiruchirapalli             Economics,
       Coimbatore                                                   Management,
                                                                    KVKs, Scientist
                                                                    and Few NGO‟s
34     M.P.           18th Feb. 2010     TOT on Commodity futures For officers of
       Regional       Bhopal             market                     NABARD,
       Office    of                                                 Bhopal
       NABARD
35     Tamil Nadu     19th    February, Awareness programme at        for farmers, few
       Agricultural   2010              Tiruchirapalli                Govt. officials
       University,    Tiruchirapalli
       Coimbatore
36     Institute of   18-19th Feb.2010   Commodity futures market For the BOD‟s
       Cooperative    Jaipur             for bankers of Cooperative /Managing
       Managemen                         sector                     Directors     of
       t, Jaipur                                                    Cooperatives
                                                                    banks & PACs.
37     Maharashtr     22nd Feb. 2010     TOT on Commodity futures For officers of
       a, Regional    Pune               market                     NABARD, Pune
       Office    of
       NABARD
38     Assam          23-25th February, TOT on Commodity futures Farmers
       Agricultural   2010              market
       University,    Jorhat
       Jorhat
39     Tamil          24th    February TOT on Commodity futures For officers of
       Nadu,          2010             market                   NABARD,
       Regional       Chennai                                   Chennai
       Office    of
       NABARD
40     Kerala         24th Feb. 2010     Commodity futures trading For           MBA
       Agricultural   Vellanikara        for faculty and students of students        of
       University,                       Agricultural Universities   Agribusiness
                                                                     Management,
                                                                     final year B.Sc.
                                                                     (Agri) students &
                                                                     Agricultural
                                                                     officers of the
                                                                     State Department
                                                                     and       selected
                                                                     farmers.
41     Tripura,       25th Feb. 2010     TOT on Commodity futures For officers of
       Regional       Agartala           market                      NABARD,
       Office   of                                                   Agartala
       NABARD
42     NIBM,          25th Feb. 2010 to Market structure, financing For          senior
       Pune           27th Feb. 10      and risk management         officers of bank.
                      Pune
                                                                                      127
S. No. Name      of    Dates        and Name of the programme           Category       of
       the             Venue of the                                     participants
       Institute       programme
43     Orissa,         2nd March 2010   TOT on Commodity futures        For officers of
       Regional        Bhuvaneshwar     market                          NABARD,
       Office     of                                                    Bhubaneswar
       NABARD
44     Pondichery      3rd March 2010      Awareness programme in       Farmers
       University      Pondicherry         Tamil Nadu on Commodity
                                           Futures Market
45      RTC,     4-5th March, 2010          Commodity futures market  For
        (NABARD) Puri                      for bankers of Cooperative Chairpersons/Ma
        Bolpur                             sector                     naging Directors
                                                                      of    cooperative
                                                                      banks
46      Institute of   4-5th March, 2010    Commodity futures market For officers of
        Cooperative    Jaipur              for bankers of Cooperative cooperative
        Managemen                          sector                     banks
        t, Jaipur
47      Gujarat,       5th March 2010      TOT on Commodity futures For officers of
        Regional       Ahmedabad           market                   NABARD,
        Office    of                                                Ahmedabad
        NABARD
48      West           5th March 2010      TOT on Commodity futures For officers of
        Bengal,        Kolkata             market                   NABARD,
        Regional                                                    Kolkata
        Office    of
        NABARD
49      Assam,         5th March 2010      TOT on Commodity futures For officers of
        Regional       Guwahati            market                   NABARD,
        Office    of                                                Guwahati
        NABARD

50      Sikkim,        9th March 2010      TOT      on    Commodity For officers of
        Regional       Gangtok             Futures Market           NABARD,
        Office   of                                                 Gangtok
        NABARD
51      Mizoram,       9th March 2010      TOT on Commodity futures For officers of
        Regional       Aizwal              market                   NABARD,
        Office   of                                                 Aizwal
        NABARD
52      A.P.,          11th March 2010     TOT on Commodity futures For officers of
        Regional       Hyderabad           market                   NABARD,
        Office   of                                                 Hyderabad
        NABARD
53      Uttar          11th March 2010.    TOT on Commodity futures For officers of
        Pradesh,       Lucknow             market                   NABARD,
        Regional                                                    Lucknow
        Office   of
        NABARD
54      Arunachal      11th March 2010     TOT on Commodity futures For officers of
        Pradesh,       Itanagar            market                   NABARD,
        Regional                                                    Itanagar
        Office   of
        NABARD
                                                                                       128
S. No. Name      of Dates     and Name of the programme               Category       of
       the          Venue of the                                      participants
       Institute    programme

55    IIM(B)         12-13th   March,   Commodity futures market      For faculty of
                     2010               for faculty of Agricultural   Agricultural
                     Bangalore          Universities.                 Universities.
56    Uttrakhand,    15th March 2010    TOT on Commodity futures      For officers of
      Regional       Dehradun           market                        NABARD,
      Office    of                                                    Dehradun
      NABARD
57    Tamil Nadu     17-18th   March, Faculty      Development        for faculty from
      Agricultural   2010             programmes at Killikulam,       Agricultural
      University,    Killikulam,      Thirunelveli                    Economics,
      Coimbatore     Thirunelveli                                     Management,
                                                                      KVKs, Scientist
                                                                      and Few NGO‟s
58    Tamil Nadu     19th March, 2010   Awareness programme at        For farmers, few
      Agricultural   Killikulam,        Killikulam, Thirunelveli      Govt.
      University,    Thirunelveli                                      officials
      Coimbatore
59    Jharkhand,     19th March 2010    TOT on Commodity futures For officers of
      Regional       Ranchi             market                   NABARD,
      Office    of                                               Ranchi
      NABARD
60    ICAR           19-21st  March, TOT on Commodity futures Farmers
      Research       2010            market
      Complex,       Meghalaya
      Meghalaya
61    Institute of   22-23rd        Commodity futures market For Members of
                               March,
      Cooperative    2010          for bankers of Cooperative Primary
      Managemen      Jaipur        sector                      Agricultural
      t, Jaipur                                                Cooperative
                                                               Societies/Farmers
                                                               Clubs
                        st
62    MANAGE, 29-31         March, Commodity futures market For faculty of
      Hyderabad 2010               for faculty of Agricultural Rajasthan
                   Hyderabad       Universities.               College        of
                                                               Agriculture and
                                                               Maharana Pratap
                                                               University
                                                               (MPUAT)        of
                                                               Agricultural &
                                                               Technology.
63    Assam        29-31st  March, TOT on Commodity futures Farmers
      Agricultural 2010            market
      University, Jorhat
      Jorhat




                                                                                     129
                                             SPOT & FUTURES PRICES OF GOLD AT MCX
                                                       Rs. PER 10 GRAMS
                                                 FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
  Date       SPOT
                       4-Apr-09   5-Jun-09   5-Aug-09   5-Oct-09   5-Dec-09   5-Feb-10   5-Apr-10   5-Jun-10   5-Aug-10   5-Oct-10
31-Mar-09   15066.00   15132.00   15064.00   15043.00   15005.00
15-Apr-09   14357.00              14282.00   14287.00   14381.00   14500.00
29-Apr-09   14520.00              14503.00   14514.00   14534.00   14500.00
15-May-09   14821.00              14829.00   14829.00   14815.00   14866.00
30-May-09   14908.00              14923.00   14884.00   14892.00   14909.00
15-Jun-09   14450.00                         14403.00   14407.00   14477.00   14500.00
30-Jun-09   14558.00                         14451.00   14462.00   14505.00   14767.00
15-Jul-09   14668.00                         14770.00   14775.00   14734.00   14700.00
31-Jul-09   14680.00                         14802.00   14817.00   14818.00   14783.00
14-Aug-09   14959.00                                    14895.00   14905.00   14972.00   14969.00
31-Aug-09   15160.00                                    15125.00   15136.00   15117.00   15120.00
15-Sep-09   15765.00                                    15877.00   15882.00   15814.00   15881.00
30-Sep-09   15620.00                                    15703.00   15668.00   15666.00   15636.00
15-Oct-09   15817.00                                               15729.00   15743.00   15827.00   15797.00
31-Oct-09   15965.00                                               15957.00   15985.00   16061.00   16110.00
14-Nov-09   16823.00                                               16800.00   16848.00   16861.00   16830.00
30-Nov-09   17650.00                                               17614.00   17718.00   17757.00   17690.00
15-Dec-09   16930.00                                                          17041.00   17065.00   17088.00   17189.00
31-Dec-09   16705.00                                                          16686.00   16748.00   16797.00   16783.00
15-Jan-10   16785.00                                                          16838.00   16899.00   16958.00   17006.00
30-Jan-10   16230.00                                                          16200.00   16317.00   16376.00   16432.00
15-Feb-10   16535.00                                                                     16605.00   16677.00   16712.00   16720.00
27-Feb-10   16789.00                                                                     16789.00   16866.00   16935.00   16968.00
15-Mar-10   16490.00                                                                     16538.00   16628.00   16690.00   16739.00
31-Mar-10   16300.00                                                                     16295.00   16436.00   16527.00   16592.00




                                                                                                                                     130
                                                                            SPOT & FUTURES PRICES OF CRUDE OIL AT MCX
                                                                                                                                                                                          Rs. PER Barrel

  Date       SPOT
                       Apr-0 9   May-0 9   Jun-09     Jul-09   Aug-0 9   Sep-09     Oct-09   Nov-09    Dec-09    Jan-10    Feb-10    Mar-10    Apr-1 0   May-1 0   Jun-10     Jul-10   Aug-1 0   Sep-10
31-Ma r-09   2473.00   2481.00   2579.00   2651.00   2726.00   2798.00
15-Apr-0 9   2464.00   2460.00   2588.00   2707.00   2797.00   2898.00
29-Apr-0 9   2518.00             2555.00   2621.00   2682.00   2740.00
15-May -09   2921.00             2812.00   2853.00   2898.00   2949.00
30-May -09   3136.00                       3124.00   3171.00   3205.00   3235.00   3299.00   3076.00
15-Jun-09    3415.00                       3358.00   3400.00   3442.00   3462.00   3512.00   3584.00
30-Jun-09    3446.00                                 3344.00   3396.00   3446.00   3508.00   3599.00   3591.00
 15-Jul-09   2907.00                                 3007.00   3059.00   3122.00   3148.00   3201.00   3309.00
 31-Jul-09   3246.00                                           3271.00   3364.00   3434.00   3451.00   3557.00   3500.00
14-Aug-0 9   3395.00                                           3264.00   3382.00   3456.00   3522.00   3551.00   3672.00
31-Aug-0 9   3555.00                                                     3431.00   3472.00   3515.00   3579.00   3639.00   3625.00
15-Sep-0 9   3353.00                                                     3433.00   3459.00   3492.00   3481.00   3500.00   3561.00
30-Sep-0 9   3205.00                                                               3337.00   3361.00   3392.00   3389.00   3399.00   3351.00
15-Oct-09    3470.00                                                               3554.00   3578.00   3597.00   3571.00   3605.00   3665.00
31-Oct-09    3616.00                                                                         3638.00   3672.00   3699.00   3831.00   3850.00   3830.00
14-Nov -09   3550.00                                                                         3550.00   3592.00   3628.00   3661.00   3685.00   3744.00
30-Nov -09   3560.00                                                                                   3550.00   3613.00   3664.00   3701.00   3705.00   3750.00
15-Dec-09    3243.00                                                                                   3297.00   3408.00   3477.00   3532.00   3690.00   3628.00
31-Dec-09    3705.00                                                                                             3727.00   3759.00   3787.00   3809.00   3849.00   3887.00
15-Jan-10    3611.00                                                                                             3592.00   3621.00   3667.00   3708.00   3735.00   3773.00
30-Jan-10    3380.00                                                                                                       3378.00   3408.00   3439.00   3467.00   3590.00   3585.00
15-Feb-10    3444.00                                                                                                       3432.00   3461.00   3494.00   3537.00   3533.00   3580.00
27-Feb-10    3683.00                                                                                                                 3669.00   3690.00   3721.00   3737.00   3785.00   3780.00
15-Ma r-10   3692.00                                                                                                                 3645.00   3664.00   3684.00   3729.00   3811.00   3773.00
31-Ma r-10   3702.00                                                                                                                           3751.00   3769.00   3787.00   3814.00   3822.00     3829




                                                                                                                                                                                                     131
                                      SPOT & FUTURES PRICES OF SILVER AT MCX
                                                                                                                Rs. PER KG
                        FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
  Date        SPOT
                        5-May-09   4-Jul-09   5-Sep-09   5-Dec-09   5-Mar-10   5-May-10   5-Jul-10   4-Sep-10     4-Dec-10
31-Mar-09    21890.00   21855.00   22061.00   21938.00   22508.00
15-Apr-09    21253.00   21093.00   21315.00   21518.00   21728.00
29-Apr-09    20884.00   21319.00   21132.00   21256.00   21719.00
15-May-09    22365.00              22714.00   22767.00   22985.00
30-May-09    23509.00              24195.00   24197.00   24283.00
15-Jun-09    22636.00              22524.00   22645.00   23126.00   23400.00
30-Jun-09    22357.00              21768.00   21924.00   22066.00   22583.00
 15-Jul-09   21700.00                         21858.00   21979.00   21785.00   22275.00
 31-Jul-09   22155.00                         22468.00   22609.00   22750.00   22760.00
14-Aug-09    23646.00                         23714.00   23828.00   24290.00   24186.00
31-Aug-09    23575.00                         23822.00   24245.00   24404.00   24479.00
15-Sep-09    25945.00                                    27273.00   27458.00   27039.00   27200.00
30-Sep-09    26040.00                                    26486.00   26677.00   26733.00   26630.00
15-Oct-09    26955.00                                    26743.00   26917.00   27514.00   27670.00
31-Oct-09    25999.00                                    25933.00   26152.00   26301.00   26322.00
14-Nov-09    27010.00                                    26988.00   27201.00   27265.00   27283.00
30-Nov-09    28250.00                                    28300.00   28439.00   28554.00   28439.00
15-Dec-09    27070.00                                               27318.00   27479.00   27527.00   27722.00
31-Dec-09    26870.00                                               26771.00   26936.00   27150.00   27300.00
15-Jan-10    28005.00                                               28249.00   28440.00   28612.00   28822.00
30-Jan-10    25500.00                                               25500.00   25744.00   25924.00   26067.00
15-Feb-10    24480.00                                               24529.00   24748.00   24935.00   24976.00
27-Feb-10    25839.00                                               25767.00   26114.00   26326.00   26610.00
15-Mar-10    26635.00                                                          26751.00   26948.00   27029.00     27238.00
31-Mar-10    26875.00                                                          26935.00   27141.00   27346.00     27506.00




                                                                                                                             132
                                    SPOT & FUTURES PRICES OF COPPER AT MCX
                                                                                                          Rs. PER KG
                      FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
  Date       SPOT
                      30-Apr-09   30-Jun-09   31-Aug-09   30-Nov-09   26-Feb-10   30-Apr-10   30-Jun-10    31-Aug-10
31-Mar-09    198.85     207.10      209.75       210.40
15-Apr-09    232.50     240.90      243.30       245.35
29-Apr-09    213.05     222.55      221.85       223.85
15-May-09    222.70                 221.70       223.65      224.90
30-May-09    229.10                 229.20       231.10      232.85
15-Jun-09    248.10                 241.80       244.00      246.20
30-Jun-09    245.75                 238.30       242.40      244.50
 15-Jul-09   247.55                              255.65      258.10
 31-Jul-09   274.10                              276.30      278.10
14-Aug-09    309.25                              301.70      303.65     305.35
31-Aug-09    314.90                              302.60      307.15     309.00
15-Sep-09    301.10                                          306.25     308.15
30-Sep-09    289.05                                          297.10     298.90
15-Oct-09    289.45                                          290.85     292.75
31-Oct-09    306.00                                          307.95     310.20
14-Nov-09    304.70                                          303.95     307.40      309.10
30-Nov-09    319.25                                          322.65     325.40      327.20
15-Dec-09    324.25                                                     323.45      325.55
31-Dec-09    344.60                                                     344.00      346.10
15-Jan-10    339.65                                                     340.25      342.45      344.25
30-Jan-10    312.05                                                     311.45      314.00      316.95
15-Feb-10    315.75                                                     317.70      320.05      321.35
27-Feb-10    333.10                                                                 334.50      336.30
15-Mar-10    338.70                                                                 334.35      336.00        337.20
31-Mar-10    353.05                                                                 351.35      352.45        354.00




                                                                                                                       133
                                                              SPOT & FUTURES PRICES OF N GAS AT MCX
                                                                                                                                                 Rs. PER mmBtu
                      FUTURES CLOSING PRICES FOR CONTRAC T EXPIRING ON
  Date       SPOT
                      Apr-0 9   May-0 9   Jun-09   Jul-09   Aug-0 9   Sep-09   Oct-09   Nov-09   Dec-09   Jan-10   Feb-10   Mar-10   Apr-1 0   May-1 0   Jun-10
31-Ma r-09   191.00    190.90   199.80    207.70
15-Apr-0 9   183.90    183.50   191.50    199.20
29-Apr-0 9   173.50             173.90    181.90   191.60
15-May -09   213.90             205.20    212.20   220.20
30-May -09   181.40                       184.80   192.00   198.00
15-Jun-09    182.90                       197.30   207.80   217.20
30-Jun-09    190.10                                186.00   194.90    207.50
 15-Jul-09   167.50                                159.90   168.90    182.20
 31-Jul-09   181.50                                         174.60    188.10   221.70
14-Aug-0 9   160.60                                         160.10    180.20   220.20
31-Aug-0 9   148.20                                                   147.50   197.90   238.00
15-Sep-0 9   160.60                                                   167.30   213.50   243.60
30-Sep-0 9   234.20                                                            231.00   270.40   284.60
15-Oct-09    204.80                                                            207.70   250.40   265.20
31-Oct-09    236.90                                                                     238.00   254.50   258.00
14-Nov -09   204.20                                                                     203.40   223.00   229.00
30-Nov -09   243.00                                                                              226.10   231.40   234.20
15-Dec-09    248.80                                                                              255.30   257.80   259.40
31-Dec-09    266.80                                                                                       259.50   258.70   258.80
15-Jan-10    254.10                                                                                       261.90   261.80   260.10
30-Jan-10    237.90                                                                                                239.60   239.90   242.20
15-Feb-10    254.00                                                                                                254.20   253.70   255.80
27-Feb-10    222.50                                                                                                         220.90   224.10    228.60
15-Ma r-10   200.00                                                                                                         202.50   206.10    209.60
31-Ma r-10   178.50                                                                                                                  177.60    182.00    186.40




                                                                                                                                                                  134
                                                                              SPOT & FUTURES PRICES OF NICKEL AT MCX
                                                                                                                                                                                                 Rs. PER KG
                       FUTURES CLOSING PRICES FOR CONTRAC T EXPIRING ON
  Date       SPOT
                       31-Mar-0 9 30- Apr-09 29-Ma y-09 30-Jun-09 31-Jul-09      28- Aug-09   30-Sep-09   30-Oct-0 9   30-Nov-09   31-Dec-09   29-Jan-10   26-Feb-10   31-Mar-1 0   30- Apr-10    28-Ma y-10
31-Ma r-09    479.10     479.10     501.10      508.70
15-Apr-0 9    617.30                612.20      620.50     624.40
29-Apr-0 9    556.80                565.60      566.90     572.10
15-May -09    608.40                            610.10     614.00    624.60
30-May -09    650.90                                       657.50    662.00
15-Jun-09     720.90                                       705.00    710.90         726.90
30-Jun-09     766.20                                       766.20    741.00         743.90
 15-Jul-09    773.60                                                 772.50         776.40       781.30
 31-Jul-09    849.40                                                 849.40         853.60       856.80
14-Aug-0 9   1001.70                                                                942.90       947.30      989.90
31-Aug-0 9    957.50                                                                             929.20      932.50
15-Sep-0 9    812.20                                                                             827.30      831.00       828.40
30-Sep-0 9    832.70                                                                             832.70      854.40       859.40
15-Oct-09     834.30                                                                                         866.80       871.80      867.80
31-Oct-09     867.00                                                                                                      861.70      865.80
14-Nov -09    752.50                                                                                                      752.60      756.60      762.30
30-Nov -09    745.00                                                                                                      745.00      762.20      767.20
15-Dec-09     780.20                                                                                                                  790.70      795.50      800.30
31-Dec-09     862.50                                                                                                                  862.50      878.50      882.90
15-Jan-10     836.30                                                                                                                              849.80      856.10      861.50
30-Jan-10     868.40                                                                                                                                          859.70      865.20
15-Feb-10     881.10                                                                                                                                          893.90      897.40       901.00
27-Feb-10     947.40                                                                                                                                                      971.60       975.50        980.00
15-Ma r-10    970.60                                                                                                                                                      983.50       987.10        992.10
31-Ma r-10   1125.70                                                                                                                                                     1125.20      1121.20       1122.20




                                                                                                                                                                                                    135
                                                                                     SPOT & FUTURES PRICES OF ZINC AT MCX
                                                                                                                                                                                                      Rs. PER KG
                      FUTURES CLOSING PRICES FOR CONTRAC T EXPIRING ON
  Date       SPOT
                      31-Mar-0 9   30- Apr-09   29-Ma y-09   30-Jun-09   31-Jul-09    28- Aug-09   30-Sep-09   30-Oct-0 9   30-Nov-09   31-Dec-09   29-Jan-10   26-Feb-10   31-Mar-1 0   30- Apr-10    28-Ma y-10
31-Ma r-09    66.25       66.25        66.70        67.25
15-Apr-0 9    72.25                    74.30        75.35        75.45
29-Apr-0 9    68.40                    69.05        70.25        71.15
15-May -09    72.35                                 72.65        73.35      74.60
30-May -09    71.35                                              72.90      73.55
15-Jun-09     76.75                                              74.25      75.25         76.95
30-Jun-09     74.40                                              74.40      74.45         75.35
 15-Jul-09    73.90                                                         73.95         74.70        75.30
 31-Jul-09    84.15                                                         84.15         83.00        83.70
14-Aug-0 9    90.45                                                                       87.45        88.35       89.95
31-Aug-0 9    88.80                                                                                    90.00       90.70
15-Sep-0 9    88.70                                                                                    90.35       91.15        90.95
30-Sep-0 9    91.90                                                                                    91.90       92.95        93.70
15-Oct-09     90.20                                                                                                93.15        93.90       93.45
31-Oct-09    103.05                                                                                                            101.85      102.45
14-Nov -09    99.30                                                                                                            100.60      101.25     101.85
30-Nov -09   103.50                                                                                                            103.50      106.40     106.90
15-Dec-09    106.15                                                                                                                        107.85     108.50       108.50
31-Dec-09    119.95                                                                                                                        119.95     118.30       118.45
15-Jan-10    111.45                                                                                                                                   112.25       113.10      113.60
30-Jan-10     98.40                                                                                                                                                 97.75       98.40
15-Feb-10    101.20                                                                                                                                                101.80      102.50       102.45
27-Feb-10     99.75                                                                                                                                                            101.05       101.70         102.2
15-Ma r-10   102.75                                                                                                                                                            103.30       104.00        104.55
31-Ma r-10   106.50                                                                                                                                                            106.45       105.90         106.5




                                                                                                                                                                                                           136
                                                                           SPOT & FUTURES PRICES OF GUAR SEED AT NCDEX
                                                                                                                                                                                         Rs. PER 100 KG
                       FUTURES CLOSING PRICES FOR CONTRAC T EXPIRING ON
  Date       SPOT
                       Apr-0 9   May-0 9   Jun-09     Jul-09   Aug-0 9   Sep-09     Oct-09   Nov-09    Dec-09    Jan-10    Feb-10    Mar-10    Apr-1 0   May-1 0   Jun-10     Jul-10   Aug-1 0   Sep-10
31-Ma r-09   1622.10   1622.00   1648.00   1672.00   1693.00   1724.00   1719.00
15-Apr-0 9   1786.40   1816.00   1845.00   1871.00   1900.00   1910.00   1973.00   1997.00
29-Apr-0 9   1794.35             1819.00   1853.00   1883.00   1913.00   1931.00   1962.00
15-May -09   1794.50             1767.00   1798.00   1826.00   1861.00   1900.00   1978.00   1978.00
30-May -09   1750.15                       1711.00   1740.00   1767.00   1796.00   1845.00   1816.00
15-Jun-09    1765.10                       1751.00   1778.00   1806.00   1835.00   1855.00   1936.00   1974.00
30-Jun-09    1786.45                                 1813.00   1845.00   1877.00   1905.00   1936.00   1999.00
 15-Jul-09   1924.80                                 1937.00   1976.00   2010.00   2032.00   2085.00   2120.00
 31-Jul-09   2059.85                                           2123.00   2174.00   2220.00   2243.00   2284.00
14-Aug-0 9   2158.35                                           2231.00   2278.00   2320.00   2349.00   2401.00   2452.00   2505.00
31-Aug-0 9   2070.50                                                     2074.00   2115.00   2153.00   2196.00   2231.00   2261.00
15-Sep-0 9   2081.80                                                     2035.00   2065.00   2097.00   2127.00   2189.00   2193.00   2250.00
30-Sep-0 9   2177.35                                                               2227.00   2268.00   2304.00   2300.00   2380.00   2350.00
15-Oct-09    2287.15                                                               2306.00   2350.00   2386.00   2426.00   2470.00   2495.00   2527.00
31-Oct-09    2479.80                                                                         2487.00   2534.00   2574.00   2600.00   2640.00   2656.00
14-Nov -09   2604.30                                                                         2618.00   2662.00   2710.00   2763.00   2810.00   2840.00   2920.00
30-Nov -09   2724.90                                                                                   2825.00   2874.00   2911.00   2929.00   2991.00   3000.00
15-Dec-09    2658.00                                                                                   2668.00   2690.00   2727.00   2767.00   2840.00   2849.00   2879.00
31-Dec-09    2730.50                                                                                             2792.00   2833.00   2869.00   2903.00   2890.00   2946.00
15-Jan-10    2528.45                                                                                             2523.00   2556.00   2586.00   2609.00   2654.00   2678.00   2717.00
30-Jan-10    2378.25                                                                                                       2346.00   2377.00   2408.00   2454.00   2470.00   2501.00
15-Feb-10    2491.95                                                                                                       2481.00   2515.00   2544.00   2578.00   2615.00   2620.00   2687.00
27-Feb-10    2377.30                                                                                                                 2350.00   2377.00   2408.00   2438.00   2437.00   2481.00
15-Ma r-10   2266.90                                                                                                                 2221.00   2241.00   2261.00   2289.00   2350.00   2350.00   2350.00
31-Ma r-10   2302.45                                                                                                                           2301.00   2327.00   2352.00   2366.00   2410.00   2426.00




                                                                                                                                                                                                      137
                                                                              SPOT & FUTURES PRICES OF SOY OIL AT NCDEX
                                                                                                                                                                                              Rs. PER 10 KG
                      FUTURES CLOSING PRICES FOR CONTRAC T EXPIRING ON
  Date       SPOT                                           20-Jul-
                      20- Apr-09   20-Ma y-09   19-Jun-09             20- Aug-09   18-Sep-09   20-Oct-0 9   20-Nov-09   18-Dec-09   20-Jan-10   19-Feb-10   19-Mar-1 0   20- Apr-10   20-Ma y-10   18-Jun-10
                                                                09
31-Ma r-09   448.30      446.00       442.95       440.05
15-Apr-0 9   497.85      492.75       491.80       488.55   490.40
29-Apr-0 9   493.30                   494.25       491.00   490.30
15-May -09   498.25                   499.10       506.15   509.85       513.95
30-May -09   483.00                                487.70   494.15       496.15
15-Jun-09    472.75                                474.05   484.80       489.20       491.40
30-Jun-09    470.60                                         477.75       483.95       487.90
15-Jul-09    456.55                                         457.80       460.35       460.35      458.10
31-Jul-09    444.50                                                      452.55       456.20      452.10
14-Aug-0 9   479.05                                                      478.05       486.90      486.20       484.60
31-Aug-0 9   450.90                                                                   454.20      458.45       456.15
15-Sep-0 9   423.75                                                                   422.75      427.00       421.70      424.10
30-Sep-0 9   429.65                                                                               434.65       432.55      435.25
15-Oct-09    434.45                                                                               434.30       434.00      436.65      443.90
31-Oct-09    443.70                                                                                            451.00      456.95      462.20
14-Nov -09   447.40                                                                                            456.60      467.80      472.80      479.55
30-Nov -09   499.35                                                                                                        501.40      505.70      509.35
15-Dec-09    480.55                                                                                                        485.55      487.45      489.70      491.75
31-Dec-09    483.00                                                                                                                    487.85      491.90      494.55
15-Jan-10    468.05                                                                                                                    467.55      469.40      470.20       472.05
30-Jan-10    445.75                                                                                                                                445.85      448.15       449.65
15-Feb-10    456.00                                                                                                                                457.65      460.35       462.25       465.20
27-Feb-10    455.70                                                                                                                                            462.35       465.30       467.40
15-Ma r-10   451.00                                                                                                                                            452.90       456.65       459.40       460.15
31-Ma r-10   450.60                                                                                                                                                         449.95       449.60       450.60




                                                                                                                                                                                                       138
                                                                         SPOT & FUTURES PRICES OF CHAN A AT NCDEX
                                                                                                                                                                               Rs. PER 100 KG
                       FUTURES CLOSING PRICES FOR CONTRAC T EXPIRING ON
  Date       SPOT
                       Apr-0 9   May-0 9   Jun-09     Jul-09   Aug-0 9    Sep-09    Oct-09   Nov-09    Dec-09    Jan-10    Feb-10    Mar-10    Apr-1 0   May-1 0   Jun-10     Jul-10   Aug-1 0
31-Ma r-09   2114.75   2192.00   2235.00   2276.00   2313.00   2353.00
15-Apr-0 9   2225.00   2291.00   2359.00   2416.00   2482.00   2516.00   2607.00
29-Apr-0 9   2250.00             2329.00   2388.00   2459.00   2515.00   2575.00
15-May -09   2214.50             2213.00   2287.00   2364.00   2428.00   2489.00   2531.00
30-May -09   2141.65                       2138.00   2216.00   2282.00   2335.00   2398.00
15-Jun-09    2125.00                       2064.00   2150.00   2220.00   2283.00   2332.00   2383.00
30-Jun-09    2202.75                                 2173.00   2248.00   2311.00   2359.00   2401.00
 15-Jul-09   2483.55                                 2384.00   2469.00   2534.00   2588.00   2630.00   2723.00
 31-Jul-09   2350.00                                           2421.00   2502.00   2562.00   2583.00   2629.00
14-Aug-0 9   2330.55                                           2219.00   2400.00   2521.00   2585.00   2631.00   2656.00
31-Aug-0 9   2250.00                                                     2205.00   2341.00   2429.00   2491.00   2525.00
15-Sep-0 9   2300.00                                                     2149.00   2280.00   2364.00   2430.00   2448.00   2355.00
30-Sep-0 9   2250.00                                                               2305.00   2369.00   2411.00   2441.00   2381.00
15-Oct-09    2289.50                                                               2276.00   2362.00   2409.00   2445.00   2416.00   2435.00
31-Oct-09    2411.20                                                                         2527.00   2630.00   2722.00   2775.00   2826.00
14-Nov -09   2425.00                                                                         2448.00   2578.00   2690.00   2738.00   2781.00   2824.00
30-Nov -09   2487.90                                                                                   2638.00   2765.00   2845.00   2905.00   2960.00
15-Dec-09    2450.00                                                                                   2434.00   2537.00   2625.00   2695.00   2759.00   2831.00
31-Dec-09    2433.10                                                                                             2474.00   2551.00   2604.00   2657.00   2726.00
15-Jan-10    2373.00                                                                                             2339.00   2440.00   2512.00   2566.00   2628.00   2671.00
30-Jan-10    2250.00                                                                                                       2185.00   2249.00   2301.00   2361.00   2424.00
15-Feb-10    2300.00                                                                                                       2218.00   2278.00   2338.00   2405.00   2469.00   2550.00
27-Feb-10    2171.25                                                                                                                 2158.00   2221.00   2278.00   2332.00   2391.00
15-Ma r-10   2180.00                                                                                                                 2149.00   2225.00   2293.00   2349.00   2410.00   2464.00
31-Ma r-10   2259.55                                                                                                                           2289.00   2377.00   2456.00   2517.00   2562.00




                                                                                                                                                                                                 139
                                                                         SPOT & FUTURES PRICES OF SOY BE AN AT NCDEX
                                                                                                                                                                                 Rs. PER 100 KG
                       FUTURES CLOSING PRICES FOR CONTRAC T EXPIRING ON
  Date       SPOT
                       Apr-0 9   May-0 9   Jun-09     Jul-09   Aug-0 9     Sep-09     Oct-09   Nov-09    Dec-09    Jan-10    Feb-10    Mar-10    Apr-1 0   May-1 0   Jun-10     Jul-10   Aug-1 0
31-Ma r-09   2337.00   2341.50   2335.50   2327.50   2325.50   2320.00
15-Apr-0 9   2558.00   2591.00   2650.00   2662.00   2649.50   2642.00     2659.00
29-Apr-0 9   2619.00             2621.00   2649.00   2654.00   2631.50     2510.00
15-May -09   2695.00             2700.50   2725.00   2738.00   2705.00     2553.50   2270.00
30-May -09   2567.00                       2594.50   2616.50   2615.50     2504.00   2271.00
15-Jun-09    2515.00                       2520.50   2585.50   2625.50     2605.50   2326.50   2266.00
30-Jun-09    2467.00                                 2474.50   2510.50     2506.00   2278.00   2225.00
 15-Jul-09   2235.00                                 2252.50   2303.00     2334.00   2299.50   2221.00   2227.00
 31-Jul-09   2206.00                                           2235.50     2282.00   2205.50   2163.50   2179.00
14-Aug-0 9   2337.00                                           2316.00     2358.50   2288.00   2261.00   2284.50   2326.00
31-Aug-0 9   2248.00                                                       2249.50   2141.00   2118.00   2149.50   2192.00
15-Sep-0 9   1976.00                                                       1969.00   1947.50   1936.50   1971.00   2013.00   2040.50
30-Sep-0 9   2000.00                                                                 2032.50   2018.00   2047.00   2073.00   2096.50
15-Oct-09    2058.00                                                                 2069.00   2074.50   2104.50   2161.00   2177.50   2192.00
31-Oct-09    2152.00                                                                           2230.00   2271.00   2344.50   2359.50   2374.00
14-Nov -09   2241.00                                                                           2261.50   2294.00   2343.50   2351.50   2363.50   2388.00
30-Nov -09   2404.00                                                                                     2441.00   2516.00   2529.00   2533.00   2538.50
15-Dec-09    2360.00                                                                                     2358.00   2432.50   2476.50   2488.00   2489.50   2489.00
31-Dec-09    2352.00                                                                                               2383.50   2403.50   2392.50   2387.50   2393.00
15-Jan-10    2195.00                                                                                               2213.00   2233.50   2231.00   2225.00   2225.50   2226.00
30-Jan-10    2052.00                                                                                                         2069.50   2052.00   2050.50   2051.50   2054.00
15-Feb-10    2167.00                                                                                                         2198.50   2138.50   2107.00   2098.50   2098.50   2091.00
27-Feb-10    2072.00                                                                                                                   2085.00   2045.00   2034.00   2029.50   2009.50
15-Ma r-10   1985.00                                                                                                                   2023.00   1941.50   1899.50   1884.00   1855.50   1857.00
31-Ma r-10   2029.00                                                                                                                             2038.00   1993.00   1951.00   1917.50   1907.00




                                                                                                                                                                                                   140
                                                                  SPOT & FUTURES PRICES OF R/M SEED AT NCDEX
                                                                                                                                                                     Rs. PER 20 KG
                      FUTURES CLOSING PRICES FOR CONTRAC T EXPIRING ON
  Date       SPOT
                      20-Ma y-09   19-Jun-09   20-Jul-09   20- Aug-09   18-Sep-09   20-Oct-0 9   20-Nov-09   18-Dec-09   20-Jan-10   20- Apr-10   20-Ma y-10   18-Jun-10   20-Jul-10
31-Ma r-09   454.15      459.60       467.05     474.90
15-Apr-0 9   520.30      517.35       523.05     530.40       535.85
29-Apr-0 9   510.20      520.60       528.30     533.80       540.45
15-May -09   521.00      529.50       533.60     540.50       547.55       556.00
30-May -09   514.05                   526.60     532.55       539.05       545.45
15-Jun-09    511.70                   521.35     528.50       535.05       541.05      547.00
30-Jun-09    520.00                              533.85       540.55       546.55      553.20
 15-Jul-09   532.05                              533.60       537.45       541.00      545.40       552.25
 31-Jul-09   523.95                                           530.35       532.40      534.10       537.15
14-Aug-0 9   546.40                                           550.40       559.15      564.35       568.45      567.40
31-Aug-0 9   534.65                                                        541.05      546.20       549.85      553.05
15-Sep-0 9   520.95                                                        533.05      525.45       518.20      510.30     504.15
30-Sep-0 9   528.00                                                                    544.00       542.30      538.45     528.45
15-Oct-09    544.95                                                                    558.60       547.65      539.75     533.20
31-Oct-09    567.95                                                                                 594.05      587.15     580.55       540.25
14-Nov -09   586.65                                                                                 593.25      594.55     592.60       535.65       542.10
30-Nov -09   603.25                                                                                             617.80     627.10       586.30       595.75
15-Dec-09    619.95                                                                                             616.35     627.00       567.20       576.75       583.85
31-Dec-09    594.00                                                                                                        606.90       570.95       578.70       584.30
15-Jan-10    591.75                                                                                                        593.65       539.85       546.95       554.20     563.85
30-Jan-10    498.10                                                                                                                     474.95       479.55       483.65     488.95
15-Feb-10    521.05                                                                                                                     487.95       493.85       499.15     504.15
27-Feb-10    488.70                                                                                                                     476.50       481.95       488.30     494.60
15-Ma r-10   485.50                                                                                                                     474.80       479.85       484.40     488.45
31-Ma r-10   504.95                                                                                                                     505.35       504.40       509.75     513.25




                                                                                                                                                                                       141
                                                              SPOT & FUTURES PRICES OF TURMERIC AT NCDEX
                                                                                                                                                            Rs. PER 100 KG
                        FUTURES CLOSING PRICES FOR CONTRAC T EXPIRING ON
  Date        SPOT
                        20- Apr-09   20-Ma y-09   19-Jun-09   20-Jul-09   20- Aug-09   18-Sep-09   20-Oct-0 9   20-Nov-09   18-Dec-09   20- Apr-10   20-Ma y-10   18-Jun-10
31-Ma r-09    4711.65     5226.00      5399.00      5539.00
15-Apr-0 9    5367.05     5491.00      5639.00      5739.00    5840.00
29-Apr-0 9    5134.25                  5200.00      5297.00    5374.00
15-May -09    5446.10                  5357.00      5452.00    5572.00      5671.00
30-May -09    5174.80                               4875.00    4926.00      4979.00
15-Jun-09     5377.85                               5369.00    5433.00      5444.00      5418.00
30-Jun-09     5357.50                                          5246.00      5186.00      5167.00
 15-Jul-09    5727.85                                          5484.00      5511.00      5484.00     5422.00
 31-Jul-09    6971.10                                                       6433.00      6249.00     6209.00
14-Aug-0 9    8369.05                                                       7656.00      7340.00     7229.00      7256.00
31-Aug-0 9    7953.85                                                                    7669.00     7381.00      7133.00
15-Sep-0 9    8103.70                                                                    8217.00     7472.00      7257.00     7092.00
30-Sep-0 9    8068.25                                                                                7836.00      7437.00     7173.00
15-Oct-09     9464.00                                                                                9096.00      8814.00     8642.00     7035.00
31-Oct-09    10806.40                                                                                            10736.00     9954.00     7320.00
14-Nov -09   12578.35                                                                                            12916.00    11100.00     7014.00      7067.00
30-Nov -09   11159.05                                                                                                        10676.00     7606.00      7498.00
15-Dec-09    10621.30                                                                                                        10539.00     6999.00      7028.00      7020.00
31-Dec-09    10670.05                                                                                                                     7395.00      7410.00      7490.00
15-Jan-10    10445.25                                                                                                                     7284.00      7343.00      7425.00
30-Jan-10    10748.40                                                                                                                     6975.00      7076.00      7249.00
15-Feb-10     9824.45                                                                                                                     7151.00      7180.00      7410.00
27-Feb-10     8834.75                                                                                                                     7586.00      7680.00      7717.00
15-Ma r-10    9640.20                                                                                                                   10034.00      10005.00      9977.00
31-Ma r-10   11293.20                                                                                                                   10932.00      10794.00     10759.00




                                                                                                                                                                              142
                                                                    SPOT & FUTURES PRICES OF JEERA AT NCDEX
                                                                                                                                                                  Rs. PER 100 KG
                        FUTURES CLOSING PRICES FOR CONTRAC T EXPIRING ON
  Date        SPOT
                         May-0 9    Jun-09      Jul-09    Aug-0 9      Sep-09      Oct-09    Nov-09     Dec-09     Jan-10     Feb-10     Mar-10     Apr-1 0    May-1 0    Jun-10
31-Ma r-09   11542.40   12123.00   12299.00   12480.00
15-Apr-0 9   12219.55   12964.00   13153.00   13325.00
29-Apr-0 9   12050.00   12191.00   12344.00   12434.00
15-May -09   11800.00   11488.00   11683.00   11862.00   12070.00
30-May -09   11298.70              10543.00   10681.00   10803.00
15-Jun-09    11277.65              10769.00   10923.00   11060.00     11049.00
30-Jun-09    11246.00                         10779.00   10917.00     11060.00
 15-Jul-09   11480.00                         11288.00   11484.00     11600.00   11715.00
 31-Jul-09   11578.55                                    11894.00     11997.00   12021.00
14-Aug-0 9   11826.65                                    11374.00     11774.00   12014.00   12182.00
31-Aug-0 9   11619.75                                                 11187.00   11383.00   11590.00
15-Sep-0 9   11326.00                                                 10651.00   10682.00   10739.00   10875.00
30-Sep-0 9   11430.00                                                            11538.00   11536.00   11566.00
15-Oct-09    11718.35                                                                       11830.00   11877.00   12189.00
31-Oct-09    12359.10                                                                       12789.00   13011.00   13121.00
14-Nov -09   13204.15                                                                       13449.00   13950.00   14212.00   14252.00
30-Nov -09   14248.35                                                                                  16531.00   16888.00   16929.00
15-Dec-09    14262.15                                                                                  14005.00   14299.00   14510.00   14562.00
31-Dec-09    14578.60                                                                                             14646.00   14919.00   15028.00
15-Jan-10    13384.80                                                                                             12586.00   12859.00   13130.00   13465.00
30-Jan-10    12239.55                                                                                                        11849.00   12028.00   12279.00
15-Feb-10    11879.00                                                                                                        11322.00   11527.00   11947.00   12131.00
27-Feb-10    11641.20                                                                                                                   11468.00   11680.00   11925.00
15-Ma r-10   11676.30                                                                                                                   10834.00   11537.00   11832.00   12100.00
31-Ma r-10   11882.15                                                                                                                              11199.00   11470.00   11765.00




                                                                                                                                                                                    143
                                                              Spot & Future prices of Rape/Mustard seed at NMCE.,Ahmedabad.
                                                                                                                                                                  Price - In 20 Kg
                       Future closing prices for contract expiring on
   Date        Spot     Apr-09    May-09      Jun-09   Jul-09     Aug-09    Sep-09    Oct-09   Nov-09    Dec-09     Jan-10    Feb-10   Mar-10   Apr-10   May-10   Jun-10   Jul-10
31-Mar-09     410.00    411.70    418.20      426.30   432.60
  1-Apr-09    410.00    415.00    422.30      430.00   437.00
 15-Apr-09    456.00    456.00    460.00      468.00   476.00
 29-Apr-09    450.00              464.00      472.00   479.00     487.00
15-May-09     462.00              462.00      479.00   486.00     493.00
30-May-09     456.00                          469.00   475.00     489.00    488.00
 15-Jun-09    453.00                          453.00   465.00     472.00    480.00
 30-Jun-09    451.00                                   462.40     469.20    477.00    485.00
  15-Jul-09   459.00                                   459.00     468.00    475.00    481.00
  31-Jul-09   450.00                                              456.50    458.60    461.20    465.70
14-Aug-09     470.00                                              470.00    485.00    491.00    497.00
31-Aug-09     465.00                                                        476.00    481.00    486.00    491.00
15-Sep-09     448.00                                                        448.00    449.00    443.00    441.00
30-Sep-09     456.00                                                                  468.00    467.00    465.00    466.00
 15-Oct-09    459.00                                                                  459.00    469.00    463.00    458.00
 31-Oct-09    465.00                                                                            492.00    491.00    488.00    481.40
14-Nov-09     493.00                                                                            493.00    508.00    505.00    504.00
30-Nov-09     510.00                                                                                      522.00    531.00    520.00   509.00
15-Dec-09     507.00                                                                                      507.00    517.00    504.00   497.00
31-Dec-09     495.00                                                                                                503.00    497.00   496.00   490.00
 15-Jan-10    475.00                                                                                                475.00    464.00   461.00   450.00
 30-Jan-10    420.00                                                                                                          414.00   407.00   401.00   405.00
15-Feb-10     453.00                                                                                                          453.00   442.00   419.00   424.00
27-Feb-10     442.00                                                                                                                   432.00   423.00   430.00   438.00
15-Mar-10     444.00                                                                                                                   444.00   433.00   439.00   445.00
31-Mar-10     460.00                                                                                                                            462.00   463.00   468.00   470.00




                                                                                                                                                                             144
                                                                  Spot & Future prices of Sacking at NMCE.,Ahmedabad.
                                                                                                                                                                      Price - In 100 Bags
                        Future closing prices for contract expiring on
   Date        Spot      Apr-09    May-09     Jun-09    Jul-09    Aug-09    Sep-09     Oct-09   Nov-09    Dec-09    Jan-10    Feb-10    Mar-10    Apr-10    May-10     Jun-10     Jul-10
31-Mar-09     2473.80   2492.00   2540.00    2584.00   2647.90
  1-Apr-09    2473.80   2498.00   2541.00    2582.60   2644.60
 15-Apr-09    2547.00   2547.00   2610.00    2660.00   2710.00
 29-Apr-09    2626.80             2660.00    2705.00   2750.80    2795.60
15-May-09     2590.00             2590.00    2635.00   2690.00    2730.00
30-May-09     2560.30                        2580.00   2625.00    2675.00   2720.00
 15-Jun-09    2653.00                        2653.00   2712.00    2757.00   2790.00
 30-Jun-09    2826.30                                  2860.00    2901.00   2969.40   3025.20
  15-Jul-09   2806.00                                  2806.00    2848.00   2906.00   2963.00
  31-Jul-09   2859.50                                             2890.00   2948.00   3002.40   3058.80
14-Aug-09     2694.00                                             2694.00   2715.00   2775.00   2837.00
31-Aug-09     2640.10                                                       2682.00   2736.00   2791.00   2844.00
15-Sep-09     2724.00                                                       2724.00   2801.00   2849.00   2905.00
30-Sep-09     2806.30                                                                 2857.00   2924.00   2974.00   3030.00
 15-Oct-09    2784.00                                                                 2784.00   2856.00   2911.00   2967.00
 31-Oct-09    2793.00                                                                           2850.00   2900.00   2958.00   3010.00
14-Nov-09     2800.00                                                                           2800.00   2848.00   2906.00   2962.00
30-Nov-09     3092.30                                                                                     3138.00   3200.00   3265.00   3330.00
15-Dec-09     2973.00                                                                                     2973.00   3010.00   3072.00   3148.90
31-Dec-09     2972.60                                                                                               3012.00   3072.00   3134.00   3177.80
 15-Jan-10    2993.00                                                                                               2993.00   3048.00   3108.00   3160.00
 30-Jan-10    2992.50                                                                                                         3056.00   3114.00   3175.00   3233.00
15-Feb-10     3015.00                                                                                                         3028.50   3119.00   3180.00   3240.00
27-Feb-10     3092.30                                                                                                                   3129.00   3193.00   3270.00   3320.00
15-Mar-10     3079.00                                                                                                                   3079.00   3130.00   3191.00   3253.00
31-Mar-10     2972.60                                                                                                                             3022.00   3083.00   3144.00    3200.00




                                                                                                                                                                                      145
                                                                    Spot & Future prices of Soy oil at NMCE.,Ahmedabad.
                                                                                                                                                                  Price - In 10 Kg
                       Future closing prices for contract expiring on
   Date        Spot     Apr-09    May-09      Jun-09   Jul-09     Aug-09    Sep-09     Oct-09    Nov-09    Dec-09    Jan-10   Feb-10   Mar-10   Apr-10   May-10   Jun-10   Jul-10
31-Mar-09     449.00    446.30    442.95      440.10   443.00
  1-Apr-09    452.00    449.50    444.05      448.00   450.00
 15-Apr-09    498.00    491.00    491.35      490.00   495.00     495.00
 29-Apr-09    492.00              494.30      491.50   490.50     492.50
15-May-09     499.00              501.00      509.00   513.50     517.70     519.85
30-May-09     484.00                          488.00   494.50     497.05     501.80
 15-Jun-09    475.00                          475.10   484.90     489.10     491.20    494.85
 30-Jun-09    472.00                                   479.30     485.90     488.00    490.50
  15-Jul-09   455.00                                   458.00     460.50     460.50    458.00    459.00
  31-Jul-09   448.00                                              452.90     455.90    453.00    456.00
14-Aug-09     473.00                                              477.10     487.25    486.00    484.00    485.00
31-Aug-09     452.00                                                         453.50    457.80    456.30    457.00
15-Sep-09     426.00                                                         422.70    427.00    421.90    424.00    427.00
30-Sep-09     430.00                                                                   434.00    431.70    435.25    436.10
 15-Oct-09    436.00                                                                   434.25    434.00    436.70    443.80   445.00
 31-Oct-09    445.00                                                                             450.70    456.60    463.00   466.00
14-Nov-09     448.00                                                                             456.00    467.25    472.90   478.00   481.00
30-Nov-09     498.00                                                                                       501.30    504.15   509.00   513.00
15-Dec-09     480.00                                                                                       485.30    488.00   489.70   492.00   495.00
31-Dec-09     484.00                                                                                                 488.50   491.75   494.50   496.60
 15-Jan-10    470.00                                                                                                 467.50   468.85   470.20   472.00   474.00
 30-Jan-10    445.00                                                                                                          445.65   447.80   450.00   452.00
15-Feb-10     457.00                                                                                                          457.80   460.25   462.00   465.00   467.00
27-Feb-10     457.00                                                                                                                   462.50   465.25   467.30   470.00
15-Mar-10     451.50                                                                                                                   453.00   456.50   459.40   460.00   463.00
31-Mar-10     451.00                                                                                                                            450.00   449.50   451.00   452.00




                                                                                                                                                                              146
                                                            Spot & Future prices of Guarseed at NMCE.,Ahmedabad.
                                                                                                                                                        Price - In 100 Kg
                     Future closing prices for contract expiring on
  Date        Spot   Apr-09    May-09    Jun-09    Jul-09    Aug-09   Sep-09   Oct-09   Nov-09    Dec-09   Jan-10   Feb-10   Mar-10   Apr-10   May-10   Jun-10    Jul-10
31-Mar-09     1643    1653      1679       1703     1728
  1-Apr-09    1638    1647      1673       1697     1725
 15-Apr-09    1810    1847      1881       1909     1938       1968
 29-Apr-09    1815              1855       1887     1918       1950
15-May-09     1790              1788       1817     1847       1887     1917
30-May-09     1725                         1705     1734       1764     1794
 15-Jun-09    1760                         1745     1774       1804     1833     1862
 30-Jun-09    1805                                  1831       1862     1893     1925
  15-Jul-09   1895                                  1913       1942     1972     2001     2032
  31-Jul-09   2050                                             2086     2133     2172     2215
14-Aug-09     2127                                             2212     2262     2312     2360      2410
31-Aug-09     2050                                                      2076     2115     2162      2205
15-Sep-09     2070                                                      2062     2100     2140      2180     2243
30-Sep-09     2130                                                               2140     2175      2210     2244
 15-Oct-09    2240                                                               2275     2317      2356     2397    2439
 31-Oct-09    2405                                                                        2427      2471     2516    2561
14-Nov-09     2565                                                                        2578      2627     2678    2730     2778
30-Nov-09     2680                                                                                  2751     2798    2843     2890
15-Dec-09     2600                                                                                  2622     2652    2690     2725     2760
31-Dec-09     2700                                                                                           2756    2797     2840     2895
 15-Jan-10    2445                                                                                           2452    2483     2511     2540     2560
 30-Jan-10    2340                                                                                                   2328     2360     2387     2410
15-Feb-10     2460                                                                                                   2480     2510     2539     2569      2600
27-Feb-10     2328                                                                                                            2319     2350     2380      2410
15-Mar-10     2230                                                                                                            2190     2209     2239      2260      2282
31-Mar-10     2278                                                                                                                     2281     2308      2332      2355




                                                                                                                                                                            147
                                                                      Spot & Future prices of Chana at NMCE.,Ahmedabad.
                                                                                                                                                                       Price - In 100 Kg
                     Future closing prices for contract expiring on
  Date        Spot   Apr-09    May-09     Jun-09   Jul-09    Aug-09      Sep-09    Oct-09   Nov-09   Dec-09    Jan-10     Feb-10   Mar-10   Apr-10   May-10   Jun-10   Jul-10   Aug-10
31-Mar-09     2100    2195      2235        2295    2315       2355
  1-Apr-09    2100    2195      2238        2275    2318       2351
 15-Apr-09    2225    2292      2362        2420    2482       2517        2575
 29-Apr-09    2250              2330        2390    2460       2515        2580
15-May-09     2200              2222        2293    2367       2430        2492      2535
30-May-09     2150                          2138    2215       2285        2325      2380
 15-Jun-09    2138                          2070    2167       2225        2287      2338     2390
 30-Jun-09    2200                                  2174       2249        2314      2360     2400
  15-Jul-09   2488                                  2383       2466        2537      2590     2631     2725
  31-Jul-09   2350                                             2417        2500      2550     2598     2640
14-Aug-09     2331                                             2216        2389      2520     2587     2630      2660
31-Aug-09     2250                                                         2205      2340     2430     2495      2527
15-Sep-09     2300                                                         2145      2279     2364     2428      2450      2355
30-Sep-09     2250                                                                   2302     2366     2410      2442      2385
 15-Oct-09    2288                                                                   2276     2362     2406      2445      2418     2436
 31-Oct-09    2400                                                                            2528     2631      2735      2790     2785
14-Nov-09     2525                                                                            2448     2575      2690      2740     2770     2808
30-Nov-09     2495                                                                                     2634      2763      2844     2900     2958
15-Dec-09     2450                                                                                     2432      2537      2626     2698     2760     2832
31-Dec-09     2438                                                                                               2469      2545     2605     2659     2725
 15-Jan-10    2355                                                                                               2337      2436     2512     2566     2628     2671
 30-Jan-10    2250                                                                                                         2184     2248     2309     2365     2400
15-Feb-10     2288                                                                                                         2222     2278     2336     2401     2468     2552
27-Feb-10     2163                                                                                                                  2157     2220     2280     2331     2383
15-Mar-10     2175                                                                                                                  2147     2224     2294     2350     2410      2465
31-Mar-10     2263                                                                                                                           2288     2373     2455     2517      2560




                                                                                                                                                                                    148
                           Spot & Future prices of Isabgulseed at NMCE.,Ahmedabad.
                                                                                                Price - In 100 Kg
                       Future closing prices for contract expiring on
  Date        Spot     Apr-09     Jun-09    Aug-09     Oct-09    Dec-09    Feb-10    Apr-10    Jun-10    Aug-10
31-Mar-09    4712.00   4750.00   4940.00    5136.50
 1-Apr-09    4712.00   4760.00   4952.00    5142.00
15-Apr-09    4846.00   4846.00   5075.00    5260.00
29-Apr-09    5144.00             5298.00    5488.00   5673.60
15-May-09    5394.00             5502.00    5692.00   5877.00
30-May-09    5325.00             5380.00    5570.00   5753.00
15-Jun-09    5394.00             5394.00    5600.00   5790.00
30-Jun-09    5450.00                        5600.00   5825.00    6052.00
 15-Jul-09   5600.00                        5712.00   5937.00    6157.00
 31-Jul-09   5713.00                        5800.00   6032.00    6270.00
14-Aug-09    5738.00                        5738.00   5970.00    6180.00
31-Aug-09    6063.00                                  6265.00    6514.00   6765.00
15-Sep-09    6006.00                                  6126.00    6351.00   6571.00
30-Sep-09    5975.00                                  6068.00    6298.00   6517.20
15-Oct-09    5975.00                                  5975.00    6260.00   6490.00
31-Oct-09    6163.00                                             6374.00   6574.00   6814.00
14-Nov-09    6213.00                                             6343.00   6575.00   6794.00
30-Nov-09    6425.00                                             6522.00   6730.00   6950.00
15-Dec-09    6692.00                                             6692.00   6837.00   6998.00
31-Dec-09    6644.00                                                       6739.00   6889.00   7114.00
15-Jan-10    6388.00                                                       6481.00   6568.00   6798.00
30-Jan-10    6125.00                                                       6175.00   6214.00   6403.00
15-Feb-10    5489.00                                                       5560.70   5510.00   5650.00
27-Feb-10    5038.00                                                                 5100.00   5167.00   5270.00
15-Mar-10    4838.00                                                                 4912.00   4980.00   5060.00
31-Mar-10    4588.00                                                                 4601.00   4650.00   4700.00




                                                                                                                    149
                         Spot & Future prices of Kilo Gold at NMCE.,Ahmedabad.
                                                                                          Price - In 10 GM
                      Future closing prices for contract expiring on
  Date        Spot    Apr-09    Jun-09    Aug-09    Oct-09    Dec-09   Feb-10   Apr-10   Jun-10   Aug-10
31-Mar-09     15100    14925     15090     15065
  1-Apr-09    15080    15087     15066     15041
 15-Apr-09    14330              14310     14370
 29-Apr-09    14500              14495     14495     14579
15-May-09     14810              14830     14845     14850
30-May-09     14925              14902     14835     14860
 15-Jun-09    14450                        14400     14410
 30-Jun-09    14625                        14450     14490     14512
  15-Jul-09   14725                        14760     14755     14642
  31-Jul-09   14700                        14650     14850     14880
14-Aug-09     14975                                  14870     14880
31-Aug-09     15150                                  15105     15125   15090
15-Sep-09     15750                                  15800     15808   15835
30-Sep-09     15600                                  15610     15640   15645
 15-Oct-09    15820                                            15825   15830
 31-Oct-09    15950                                            15960   15970     15990
14-Nov-09     16750                                            16790   16840     16855
30-Nov-09     17625                                            17650   17690     17715
15-Dec-09     16940                                                    17070     17075
31-Dec-09     16690                                                    16680     16735   16795
 15-Jan-10    16800                                                    16815     16910   17002
 30-Jan-10    16295                                                    16200     16230   16260
15-Feb-10     16535                                                              16560   16583
27-Feb-10     16800                                                              16780   16855     16830
15-Mar-10     16490                                                              16500   16596     16760
31-Mar-10     16325                                                              16325   16374     16430




                                                                                                             150
                                                       Spot & Future prices of Zinc at NMCE.,Ahmedabad.
                                                                                                                                                 Price - In 1 Kg
                       Future closing prices for contract expiring on
                                                              Jul-
  Date         Spot    Mar-09   Apr-0 9   May-0 9   Jun-09     09    Aug-0 9    Sep-09   Oct-09   Nov-09   Dec-09   Jan-10   Feb-10   Mar-10   Apr-1 0   May-1 0
31-Mar-09      65.70   65.70    66.20      66.35
  1-Apr-09     66.20            66.35      66.85    68.00
 15-Apr-09     70.90            72.25      73.10    74.00
 29-Apr-09     68.60            68.60      70.00    71.00
15-May-09      73.25                       72.50    73.30    74.10
30-May-09      69.80                       69.80    73.00    73.80
 15-Jun-09     79.75                                74.75    75.50      76.20
 30-Jun-09     75.80                                75.80    73.65      74.45
  15-Jul-09    73.25                                         73.90      74.70   74.80
  31-Jul-09    80.70                                         80.70      82.95   83.20
14-Aug-09      90.45                                                    87.90   88.80     89.45
31-Aug-09      89.10                                                    89.10   89.75     90.15
15-Sep-09      88.70                                                            89.40     90.45    90.85
30-Sep-09      89.90                                                            89.90     92.50    93.00
 15-Oct-09     90.20                                                                      92.65    93.80    94.90
 31-Oct-09    103.70                                                                     103.70   101.70   103.00
14-Nov-09      99.30                                                                              100.60   101.30   102.00
30-Nov-09     103.40                                                                              102.85   105.65   106.20
15-Dec-09     106.15                                                                                       107.40   108.05   108.25
31-Dec-09     118.70                                                                                       118.70   118.15   118.25
 15-Jan-10    111.45                                                                                                112.20   113.00   113.75
 30-Jan-10     98.90                                                                                                 98.90    97.85    99.00
15-Feb-10     101.20                                                                                                         101.35   102.05   102.90
27-Feb-10      99.70                                                                                                          99.70   101.05   107.70
15-Mar-10     102.75                                                                                                                  103.30   104.00    104.30
31-Mar-10     104.60                                                                                                                  104.60   105.75    106.35




                                                                                                                                                                   151
                                                          Spot & Future prices of Lead at NMCE.,Ahmedabad.
                                                                                                                                                   Price - In 1 Kg
                       Future closing prices for contract expiring on
                                                                  Jul-
   Date        Spot    Mar-09 Apr-09 May-09 Jun-09                 09    Aug-09   Sep-09   Oct-09   Nov-09   Dec-09   Jan-10   Feb-10   Mar-10   Apr-10   May-10
31-Mar-09      63.60    63.60     65.85      64.25
  1-Apr-09     64.40              63.80      64.25     65.35
 15-Apr-09     76.65              75.75      77.20     77.60
 29-Apr-09     68.20              68.20      66.50     67.00
15-May-09      71.80                         72.80     72.60    72.70
30-May-09      70.40                         70.40     74.25    75.40
 15-Jun-09     85.05                                   79.50    79.70     83.20
 30-Jun-09     82.70                                   82.70    80.60     81.60
  15-Jul-09    77.90                                            78.40     79.10    80.00
  31-Jul-09    85.80                                            85.80     88.00    89.00
14-Aug-09      91.85                                                      89.65    89.20    89.80
31-Aug-09     100.40                                                      98.35   102.15   102.20
15-Sep-09     102.60                                                              103.85   104.05   104.15
30-Sep-09     105.80                                                              105.80   108.20   107.20
 15-Oct-09     98.20                                                                       100.90   101.40   101.80
 31-Oct-09    109.00                                                                       109.00   107.80   108.00
14-Nov-09     104.20                                                                                104.80   105.00   105.50
30-Nov-09     107.40                                                                                107.40   107.80   108.35
15-Dec-09     107.00                                                                                         107.95   108.60   108.80
31-Dec-09     111.40                                                                                         111.40   112.75   112.90
 15-Jan-10    111.40                                                                                                  112.20   113.05   113.80
 30-Jan-10     95.80                                                                                                   95.80    94.10    95.00
15-Feb-10      98.90                                                                                                            99.90   100.80   101.35
27-Feb-10      99.60                                                                                                            99.60   100.15   100.90
15-Mar-10      99.60                                                                                                                    100.65   101.65   102.15
31-Mar-10      96.30                                                                                                                     96.30    96.65    97.70




                                                                                                                                                                     152
                                                               Spot & Future prices of Nikel at NMCE.,Ahmedabad.
                                                                                                                                                            Price - In 1 Kg
                          Future closing prices for contract expiring on
Date             Spot     Mar-09    Apr-09    May-09     Jun-09    Jul-09   Aug-09   Sep-09    Oct-09   Nov-09     Dec-09   Jan-10   Feb-10   Mar-10    Apr-10     May-10
  31-Mar-09      484.80   484.80    495.00    489.60
    1-Apr-09     495.80             514.00    520.00     525.00
   15-Apr-09     585.70             593.00    596.00     600.00
   29-Apr-09     561.50             561.50    565.80     573.20    580.10
  15-May-09      615.10                       612.50     616.00    620.20   626.00
  30-May-09      644.00                       644.00     656.00    662.00   666.00
   15-Jun-09     730.30                                  710.00    710.00   716.00    721.00
   30-Jun-09     765.10                                  765.10    738.80   745.90    750.00
    15-Jul-09    769.90                                            768.00   772.60    774.10   777.00
    31-Jul-09    811.20                                            811.20   847.30    854.00   860.00
  14-Aug-09     1001.70                                                     942.00    952.80   976.70    980.00
  31-Aug-09      955.00                                                     955.00    925.00   929.00    932.00
  15-Sep-09      812.20                                                               819.50   822.10    827.80    830.10
  30-Sep-09      812.00                                                               812.00   850.00    852.10    840.10
   15-Oct-09     834.20                                                                        863.50    871.00    878.00   885.00
   31-Oct-09     870.40                                                                        870.40    862.00    868.00   873.00
  14-Nov-09      752.50                                                                                  753.50    756.50   762.00   765.50
  30-Nov-09      758.90                                                                                  758.90    756.50   762.00   766.00
  15-Dec-09      780.20                                                                                            789.40   794.10   799.00    804.00
  31-Dec-09      876.10                                                                                            876.10   878.80   882.70    885.00
   15-Jan-10     836.30                                                                                                     847.60   854.80    863.00    868.00
   30-Jan-10     858.90                                                                                                     858.90   859.90    864.80    869.00
  15-Feb-10      881.10                                                                                                              880.00    884.00    891.80    896.30
  27-Feb-10      944.90                                                                                                              944.90    971.20    975.10    979.00
  15-Mar-10      970.60                                                                                                                        976.20    980.00    985.00
  31-Mar-10     1097.40                                                                                                                       1097.40   1116.30   1117.00




                                                                                                                                                                              153
                                     SPOT & FUTURES PRICES OF CRUDE OIL AT ICEX
                                                                                                          Rs. PER Barrel
                       FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date        SPOT
                         18-Dec-09      19-Jan-10    19-Feb-10     19-Mar-10      19-Apr-10   19-May-10       21-Jun-10
27-Nov-09    3552.00      3565.00         3628.00      3677.00
30-Nov-09    3537.00      3541.00         3604.00      3650.00
15-Dec-09    3248.01      3262.00         3383.00      3462.00
31-Dec-09    3701.26                      3724.00      3757.00       3785.00
15-Jan-10    3594.69                      3593.00      3623.00       3665.00
30-Jan-10    3368.32                                   3378.00       3407.00       3441.00
15-Feb-10    3440.47                                   3434.00       3457.00       3492.00
27-Feb-10    3682.68                                                 3669.00       3688.00      3720.00
15-Mar-10    3681.50                                                 3640.00       3669.00      3686.00
31-Mar-10    3750.23                                                               3752.00      3750.00         3747.00


                SPOT & FUTURES PRICES OF GOLD AT ICEX
                                                           Rs. PER 10 GRAMS
                       FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
Date        SPOT
                          1-Feb-10       1-Apr-10     1-Jun-10      2-Aug-10
27-Nov-09   17677.00     18035.00        18068.00     17997.00
30-Nov-09   17678.19     17621.00        17750.00     17641.00
15-Dec-09   16942.23     17026.00        17056.00     17087.00
31-Dec-09   16708.04     16650.00        16711.00     16714.00
15-Jan-10   16788.75     16846.00        16905.00     16956.00
30-Jan-10   16236.00     16199.00        16319.00     16374.00
15-Feb-10   16533.00                     16622.00     16676.00      16710.00
27-Feb-10   16797.09                     16785.00     16863.00      16933.00
15-Mar-10   16509.81                     16543.00     16600.00      16688.00
31-Mar-10   16301.78                     16294.00     16430.00      16538.00




                                                                                                                           154
                                                       SPOT & FUTURES PRICES OF COPPER AT ICEX
                                                                                                           Rs. PER KG
                                                                FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
                                          Date       SPOT
                                                                   26-Feb-10    30-Apr-10    30-Jun-10      31-Aug-10
                                         27-Nov-09     319.03        321.50       323.45          325.00
                                         30-Nov-09     317.30        318.80       309.00          310.00
                                         15-Dec-09     319.68        324.70       326.80          327.00
                                         31-Dec-09     342.23        344.70       346.65          348.00
                                         15-Jan-10     339.91        340.05       342.35          344.35
                                         30-Jan-10     310.37        311.25       314.00          316.90
                                         15-Feb-10     314.83        317.90       318.90          321.30
                                         27-Feb-10     333.94                     334.85          336.00       336.45
                                         15-Mar-10     332.61                     334.35          336.50       337.20
                                         31-Mar-10     353.33                     351.35          352.55       354.05


                                                        SPOT & FUTURES PRICES OF SILVER AT ICEX
                                                                                                           Rs. PER KG
                                                                FUTURES CLOSING PRICES FOR CONTRACT EXPIRING ON
                                          Date       SPOT
                                                                    2-Mar-10    3-May-10      1-Jul-10       1-Sep-10
                                         27-Nov-09   28002.00      28945.00     29090.00     28507.00
                                         30-Nov-09   28184.00      28301.00     27260.00     28470.00
                                         15-Dec-09   27087.83      27224.00     27382.00     27528.00
                                         31-Dec-09   26710.99      26655.00     26831.00     27091.00
                                         15-Jan-10   28010.22      28250.00     29408.00     28610.00
                                         30-Jan-10   25471.88      25512.00     25743.00     25920.00
                                         15-Feb-10   24477.07      24555.00     24746.00     23871.00
                                         27-Feb-10   25763.38      25766.00     26097.00     26400.00
                                         15-Mar-10   26645.42                   26755.00     26947.00        27026.00
                                         31-Mar-10   26837.55                   26956.00     27140.00        27342.00
NCDEX SPOT PRICES AS REPORTED ON NCDEX PLATFORM
MCX SPOT PRICES AS REPORTED ON MCX PLATFORM
ICEX SPOT PRICES AS REPORT ED ON ICEX PLATFORM
*ICEX Exchange started from 27th November 2009.




                                                                                                                        155
                                                      Spot and future prices of Soy oil at NBOT.,Indore
                                                                                                                                               Price - In 10 KG
                       Future closing prices for contract expiring on
 Date         Spot
                       Apr-09    May-09 Jun-09        Jul-09 Aug-09       Sep-09   Oct-09   Nov-09        Dec-09   Jan-10   Feb-10   Mar-10   Apr-10   May-10
31-Mar-09     449.30   447.10     444.20
  1-Apr-09    452.40   453.20     450.80
 15-Apr-09    490.40   490.40     491.80    460.00
 29-Apr-09    490.90              495.40       0.00
15-May-09     499.80              499.80    507.40 518.00
30-May-09     484.60                        488.00 493.50
 15-Jun-09    476.30                        476.30 484.30          0.00
 30-Jun-09    474.20                                  477.00       0.00
  15-Jul-09   456.00                                  452.60     460.50
  31-Jul-09   445.60                                             452.20   455.40
14-Aug-09     473.10                                             473.10   488.00   486.60
31-Aug-09     451.50                                                      456.80   459.60
15-Sep-09     420.80                                                      420.80   426.20      0.00
30-Sep-09     430.50                                                               436.00    437.00
 15-Oct-09    434.10                                                               434.10    433.60
 31-Oct-09    442.60                                                                         449.80       456.40
14-Nov-09     446.60                                                                         446.60       468.60
30-Nov-09     497.70                                                                                      498.00   506.50
15-Dec-09     482.30                                                                                      482.30   486.50   495.20
31-Dec-09     483.00                                                                                               484.50   490.50
 15-Jan-10    468.00                                                                                               470.40   466.70
 30-Jan-10    445.20                                                                                                        443.40   448.00
15-Feb-10     456.20                                                                                                        459.10   458.50
27-Feb-10     455.20                                                                                                                 459.10   463.50
15-Mar-10     451.40                                                                                                                 452.50   454.00
31-Mar-10     451.00                                                                                                                          447.80    449.30




                                                                                                                                                                  156

								
To top