Commodity Of Nepal

Commodity of Nepal  Commodity trading in Nepal has been in operation for several years, with the Nepal Derivative Exchange (NDEX) being the main platform for trading commodities such as gold, silver, crude oil, and agricultural products. However, the volume of trading in these commodities has been relatively low due to various reasons, including lack of awareness, inadequate infrastructure, and regulatory challenges. In recent years, the government of Nepal has taken steps to promote commodity trading and develop the necessary infrastructure. For example, in 2018, the Securities Board of Nepal (SEBON) approved the operation of the country's first-ever online commodity trading platform, called the Mercantile Exchange Nepal Limited (MEX). MEX offers trading in agricultural commodities such as wheat, paddy, maize, soybean, and mustard, among others. The establishment of MEX is expected to provide a boost to commodity trading in Nepal by increasing transparency, reducing transaction costs, and improving market access for farmers and traders. Additionally, the government has also announced plans to establish a physical commodities exchange in the country, which is expected to further strengthen the commodity trading ecosystem in Nepal.