*Research Scholar, Amity University, Noida, India, Email id: tripathivinayak3@gmail.com
**Associate Professor, Amity University, Noida, India, Email id: rkalra@amity.edu
***HOD & Associate Professor, Faculty of Commerce, SSV (PG) College, Hapur Affiliated to CCS University, Meerut, Uttar Pradesh, Email id: madhusoodantripathi1@gmail.com
****Research Scholar, SSV (PG) College, Hapur Affiliated to CCS University, Meerut, Uttar Pradesh. Email id: patanjalidigi04@gmail.com
Online published on 24 August, 2017.
A commodity is related to the primary sector of an economy. Commodities may be categorized into four types such as Agricultural commodities, Energy commodities, Hard Commodities and Soft Commodities. In India, Commodity Futures Trading in India has a long history of more than a century. It is an important part of trade sector. Commodity trading in India is performed in 146 commodities through various national and regional exchanges. The Chamber Of Commerce, Hapur comes under regional commodity exchanges. It has its own regulatory structure. This paper studies its regulatory framework, growth of its commodity business during past 10 years (F.Y. 2006–07 to F.Y. 2015–16) in Northern India. The study is descriptive in nature based upon secondary data from various annual reports of The COC, Hapur; commodity market bulletins, various internet sources etc. Commodity futures trading in India is still in a stage of infancy as over the year's futures trading has been banned in majority of commodities. There is a decrease in volume of trade but increase in value of trade in mustard seeds. The volume of trade of mustard seeds in F.Y. 2015–16 was 2,473,778 metric tons (having value of 11, 192.443 crore). Whereas trading in gur (jaggery) was shut down in F.Y. 2013–14 due to various policies of the COC as well as of FMC.
Commodity Derivatives, Future Markets, SEBI (Securities, Exchange Board of India), Forward Markets Commission (FMC), Commodity Exchanges, The Chamber Of Commerce
