Commodity Exchanges Extend Trading Hours for Agri Commodities

MCX Update: Multi Commodity Exchange of India Ltd (MCX), National Commodity & Derivatives Exchange Limited (NCDEX) and the Indian Commodity Exchange Limited (ICEX) will extend their trading hours for agricultural commodities by an hour on either end, effective from December 31.

The new trading platform will be open between 9 am to 6 pm, from the existing timings of 10.00 am to 5.00 pm. 

The extension is being put into force a month after the market regulator Securities and Exchange Board of India (Sebi) allowed the commodity exchanges to expand the timings in the midst of protests from physical traders that the extended time would increase their costs that would not be paid off by the revenues.