Definiton
A commodity exchange refers to the market place where buying and selling of commodities for future delivery takes place.

List of exchanges allowed trading in commodities

Bhatinda Om & Oil Exchange Ltd., Batinda The Bombay Commodity Exchange Ltd. Mumbai The Rajkot Seeds oil & Bullion Merchants` Association Ltd The Kanpur Commodity Exchange Ltd., Kanpur The Meerut Agro Commodities Exchange Co. Ltd., Meerut The Spices and Oilseeds Exchange Ltd. Ahmedabad Commodity Exchange Ltd. Vijay Beopar Chamber Ltd., Muzaffarnagar India Pepper & Spice Trade Association. Kochi Rajdhani Oils and Oilseeds Exchange Ltd., Delhi National Board of Trade. Indore The Chamber Of Commerce, Hapur The East India Cotton Association Mumbai The Central India Commercial Exchange Ltd, Gwaliar The East India Jute & Hessian Exchange Ltd First Commodity Exchange of India Ltd, Kochi Bikaner Commodity Exchange Ltd., Bikaner The Coffee Futures Exchange India Ltd, Bangalore Esugarindia Limited National Multi Commodity Exchange of India Limited (NMCE) Surendranagar Cotton oil & Oilseeds Association Ltd Multi Commodity Exchange of India Ltd. (MCX) National Commodity & Derivatives Exchange Ltd. (NCDEX) Haryana Commodities Ltd., Hissar e-Commodities Ltd.

Out of these 25 commodities the MCX, NCDEX and NMCE are large exchanges and MCX is the biggest among them. Click on the following links to get a better understanding of two of the largest commodity exchanges in India: