According to officials, after launching sugar successful on its electronic platform, NCDEX Spot has decided to go in for more commodities.
New FMC directives for MDs & CEOs; regulator also wants half the directors on commodity exchange boards to be independent.
With satisfactory progress of monsoon rainfalls prompting farmers to bring in additional area under basmati sowing, prices are set to fall lower going forward.
Commodity futures market's dream run came to a halt in 2013 as a Rs 5,600 crore scam in Jignesh Shah-led spot exchange NSEL and imposition of transaction tax on non-farm items hampered the growth of business, with turnover estimated to dip by 30 per cent to Rs 125 lakh crore.