A commodity market is one where investors invest in manufactured rather than major products. These products include soft commodities and hard commodities. Soft commodities are agricultural products such as wheat, Soybean beans, Jeera and Cardamom, among others. Hard commodities include gold, silver, crude oil, copper, etc. Contrary to stock and share markets, commodities can be traded physically according to investors’ requirements. Many Indians are interested in investing on this commodity market based on their individual needs and requirements.
Two main exchanges allow traders to buy and sell commodities, as well as invest their capital over the long-term. The Multi Commodity Exchange of India Ltd. (MCX) and the NCDEX are both exchanges that allow traders to buy and sell commodities and invest capital for the long term. MCX, an independent Indian exchange and one of India’s most well-known exchanges, was established in Mumbai in 2003. It was the sixth-largest exchange in the world, and it was the only one that traded commodities. Futures trading is available in bullion, energy, iron and non-iron metals. You can also trade in different agricultural commodities such as wheat, potatoes and Mentha oil. It is currently third in the world’s commodity market for future contracts, with a total of 63.
In addition to MCX (Multi Commodity Exchange), NCDEX is an important multi-commodity exchange that operates online. It’s a national-level exchange whose operations are managed by an independent board and a professional management team. FMC (Forward Market Commission) regulates it. NCDEX offers futures trading in more than 25 commodities, including non-agricultural and agriculture commodities. It allows the delivery of various commodities via a network that includes over 590 storage locations through 8 warehouse service providers. The storage capacity is approximately 1.7 million tonnes.
The commodity market is today’s best option for investors. It produces the best results when compared to other markets. You can become a millionaire if you have a solid education in the commodity. While the commodity market is a great place to invest in money, it can also lead to loss of your Sweat and earning money. If you do not seek the guidance of qualified financial analysts and advisors, your capital could be at risk. You should consider a trusted financial advisor, who has been offering accurate, affordable and beneficial services in India for many decades.