When you think of commodities in Asia what do you think? Do you think the Tokyo Commodity Exchange (TOCOM) and its Gold contract or do you think of the Sydney Futures Exchange Futures raw wool? Maybe we can even think of Oman Crude Oil of the Dubai Mercantile Exchange (DME). Have you ever heard of the Exchange Multi Commodity Exchange (MCX) of India or the Agricultural Futures Exchange of Thailand (AFET), or like the Dalian Commodity(DCE) in China?
Perhaps you may think that Bursa Malaysia trades only its benchmark Kuala Lumpur Composite Applications Index (KLCI) and the heritage of the country, but it is the future home of Crude Palm Oil (FCPO). Malaysia is the world's largest exporter of palm oil represents about 50% of world production. Palm oil is used in margarine and shortening fats among other things. In addition to oil palm fruit, the source of palm oil, palm kernel oil and a non-edible oil produced is usedCosmetics. For every 10 units of palm oil is a unit of oil palm kernel.
India has a long history of commodity futures trading. During the American Civil War (1861-1864), where the British buy cotton ol '"white gold" from India for the supply of looms in Lancashire and Manchester, where not more Americans buy. In 1875 the Bombay Cotton Exchange was founded only five years after the Chicago Board of Trade.
Today, the NationalCommodity & Derivatives Exchange (NCDEX), Multi (MCX) and the Commodity Exchange of India National Multi Commodity Exchange (NMCE) comprise the majority of commodity exchanges in India. There are 73 products by India's largest commodity exchange, MCX, single quote. Spices such as cardamom or Jeera, metals including aluminum (aluminum for some), lead and nickel. Rice, corn and soybeans are some of the grains available for trade. This is an impressive basketMerci.
The exchange of secondary raw materials, National Commodity & Derivatives Exchange offers a wide range of products such as oil, guar seed and mustard, but many shops the same products as the MCX. This exchange will undoubtedly in time, liquidity, reduce costs, increase and improve the consolidation of prices.
Apart from TOCOM Tokyo Grain Exchange (TGE) is. The TGE founded in October 1952 and offers futures and cash settled futuresin its agricultural products, Azuki Bean, coffee (Arabica and Robusta), corn, raw silk, soybean, soybean meal and crude and refined sugar. The exchange currently has 134 member companies, which is 30% compared with only 102nd TOCOM
e-commerce on TGE is also available from the comfort of your own home. In electronic commerce on the Stock Exchange went live in October 2007 the first GL Trade was ready with his new SLE (link to the Exchange server) Fimat (now part ofNewedge).
There is also the Central Japan Commodity Exchange (Aas) trading 10 products gasoline, kerosene, diesel oil, eggs, iron scrap RSS3, TSR20, the index of rubber, aluminum and nickel. In September 2007, Aas rolled the update of its e-commerce system called "Trinity-X" and has 37 members. It also signed a memorandum of understanding with the Shanghai Futures Exchange late last year.
The Agricultural Futures Exchange of Thailand trades "white rice 5% (5%means that a maximum of 5% broken rice may be) and "Natural Ribbed Smoked Sheet No.3" or RSS No.3 (the number 3 is the average quality rating on a scale of 1 to 5 with 1 the best to the provisions of the International Conference on rubber quality and packaging).
Thailand is also the number one producer of rubber in the world. Further still they produce "Tapioca Chip" and "Tapioca Starch Premium Grade." Tapioca is made from the cassava plant, and Thailand is the No. 3 producer in the world after Brazil and Nigeria.
In China, there is the Dalian Commodity Exchange (DCE), above, and is also the Zhengzhou Commodity Exchange (ZCE) trading in cotton, sugar, wheat, durum wheat gluten strong winter, PTA (purified terephthalic acid ) and rapeseed oil. The DCE corn crafts, 2 types of soybeans, soybean meal, soybean oil, palm LLDPE (Linear Low Density Polyethylene) and RDB oil (refined, bleached and Doedorised). The grainFutures> rank in the top three commodity futures volume in the world for futures and soybean meal in the top 20
E) is also the Shanghai Futures Exchange (SHFE specializing in metals namely, copper, gold, zinc, aluminum, rubber and fuel oil. The future of gold was only launched in 2008 to 9 January, a 1 kg to contract just like the TOCOM. All we need now is a Yen / Renminbi future standard currency contract and we are readyArbitration. Incidentally, MCX gold contracts in India is a 1 kg. Provider?
As the world becomes richer and consumption of goods is growing in Asia, only then. The countries and their farmers try to hedge their commodity crops and exchange arbitrage trading extra increase in a similar way, as the rules developed and more open to trade. Prescient regulators, brokers, risk managers and ISVs can benefit from it.