A commodities exchange is an exchange, or market, where various commodities are traded. Most commodity markets around the world trade in agricultural products and other raw materials (like wheat, barley, sugar, maize, cotton, cocoa, coffee, milk products, pork bellies, oil, and metals). Trading includes various types of derivatives contracts based on these commodities, such as forwards, futures and options, as well as spot trades (for immediate delivery).

A futures contract provides that an agreed quantity and quality of the commodity will be delivered at some agreed future date. A farmer raising corn can sell a futures contract on his corn, which will not be harvested for several months, and gets a guarantee of the price he will be paid when he delivers; a breakfast cereal producer buys the contract and gets a guarantee that the price will not go up when it is delivered. This protects the farmer from price drops and the buyer from price rises. Speculators and investors also buy and sell these contracts to try to make a profit; they provide liquidity to the system.

Some of these exchanges also trade financial derivatives, such as interest rate and foreign exchange futures, as well as other instruments such as ocean freight contracts and environmental instruments. In some cases these are mentioned in the lists below.

Major commodity exchanges

See List of futures exchanges#Major derivatives exchanges.

Commodities exchanges across the world

Main commodity exchanges worldwide:

Africa

GroupNameAbbreviationCityCommodity typesGhana Commodity Exchange GCX Accra, Ghana Agricultural Africa Mercantile Exchange AfMX Nairobi, Kenya Agricultural, EnergyEgyptian Commodities Exchange EGYCOMEX Cairo, Egypt Agricultural, EnergyNairobi Coffee Exchange NCE Nairobi, Kenya CoffeeEthiopia Commodity Exchange ECX Addis Ababa, Ethiopia AgriculturalMercantile Exchange of Madagascar MEX Antananarivo, Madagascar Agricultural, Metals, EnergyEast Africa Exchange EAX Kigali, Rwanda AgriculturalAgricultural Commodity Exchange for Africa ACE Lilongwe, Malawi AgriculturalAuction Holding Commodity Exchange AHCX Lilongwe, Malawi AgriculturalBourse Africa (previously GBOT) Ebene City, Mauritius Metals, ForexJSE LimitedSouth African Futures Exchange JSE Sandton, South Africa Agricultural Nigeria Commodity Exchange NCX Abuja, Nigeria Agricultural products Lagos Commodities and Futures Exchange LCFE Lagos, Nigeria Agricultural products, Oil and Gas, Currency, Solid Minerals AFEX Commodities Exchange Limited AFEX Nigeria Abuja, Nigeria Agricultural productsGezawa Commodity Market Exchange GCMXKano, NigeriaAgricultural Zimbabwe Mercantile Exchange ZMX Harare, Zimbabwe Agricultural commoditiesTanzania Mercantile ExchangeTMXDar es salaam, TanzaniaAgricultural commodities, Solid Minerals

Americas

Group Exchange Abbreviation Location Product Types Amercanex Denver, United States CannabisBrazilian Mercantile and Futures Exchange BMF São Paulo, Brazil Agricultural, Biofuels, CME GroupChicago Board of Trade CBOT Chicago, United States Grains, Ethanol, Treasuries, equity index, MetalsChicago Mercantile Exchange CME Chicago, United States Meats, Currencies, Eurodollars, equity index, interest rate futureNew York Mercantile Exchange NYMEX New York, United States Energy, Precious Metals, Industrial MetalsKansas City Board of Trade KCBT Kansas City, United States AgriculturalChicago Climate Exchange CCX Chicago, United States EmissionsFlett Exchange Jersey City, United States EnvironmentalHedgeStreet Exchange California, United States Energy, industrial MetalsHoustonStreet Exchange New Hampshire, United States Crude Oil, DistillatesICEIntercontinental Exchange ICE Atlanta, United States Energy, Emissions, Agricultural, BiofuelsLedgerXLX New York, United StatesDigital AssetsMemphis Cotton Exchange Memphis, United States AgriculturalMATba Rofex MATba Rofex Argentina Financial and AgriculturalMiami International HoldingsMinneapolis Grain Exchange MGEX Minneapolis, United States AgriculturalNadex Exchange Chicago, United States Energy, Industrial MetalsNodal Exchange Nodal Virginia, United States Energy, Power, EnvironmentalSioux City Grain ExchangeSCGXSioux City, United StatesAgricultural U.S. Futures Exchange USFE Chicago, United States Energy Winnipeg Commodity Exchange ICE Manitoba, Canada Agricultural

Asia

Group Name Abbreviation LocationProduct TypesBombay Stock Exchange BSE India Base metal, agricultural, energy, precious metalsManila Commodity Exchange MCX Manila, Philippines Base metals, agricultural, energy, and currenciesInternational Commodity Exchange Kazakhstan Almaty, Kazakhstan Industrial and Mineral Products, Oil by-products and petrochemicals, AgriculturalAgricultural Futures Exchange of Thailand AFET Bangkok, Thailand AgriculturalBangla Mercantile ExchangeBursa Malaysia MDEX Malaysia BiofuelsCambodian Mercantile ExchangeCMEXPhnom Penh, Cambodia Energy, Industrial Metals, Rubber, Precious Metals, AgriculturalChittagong Tea Auction Chittagong, Bangladesh TeaDalian Commodity Exchange DCE Dalian, China Agricultural, Plastics, EnergyDubai Mercantile Exchange DME Dubai, United Arab Emirates EnergyDubai Gold & Commodities Exchange DGCX Dubai, United Arab Emirates Precious MetalsHong Kong Mercantile Exchange HKMEx Hong Kong Gold, SilverICE Futures Abu Dhabi IFAD Abu Dhabi, United Arab Emirates Murban oil futuresIndonesia Commodity and Derivatives Exchange ICDX Jakarta, Indonesia Agricultural, Base Metals, Financial ProductsIran Energy Exchange IRENEX Tehran, Iran All energy carriers such as crude oil, petroleum products, electricity, coalIran Mercantile Exchange IME Tehran, Iran Industrial and Mineral Products, Oil by-products and Petrochemicals, Agriculturalİzmir Commodity Exchange ICE İzmir, Turkey AgriculturalJakarta Futures Exchange JFXJakarta, Indonesia Cocoa, Coffee, Precious Metals, Olein, CPO, Coal, Tea, RubberJapan Exchange GroupOsaka Exchange XOSE Osaka, Japan Financials, Precious Metals, Rubber, AgriculturalTokyo Commodity Exchange TOCOM Tokyo, Japan EnergyOsaka Dojima Exchange XKAC Osaka, Japan Agricultural, Raw sugar, Precious metals Commodities & Metal Exchange Nepal Ltd. COMEN Nepal Gold, Silver National Spot Exchange Limited [NSEL] Mumbai, India Nepal Derivative Exchange Limited [NDEX] Kathmandu, Nepal Agricultural, Precious Metals, Base Metals, Energy Derivative and Commodity Exchange Nepal Ltd. DCX Kathmandu, Nepal Agricultural, Bullion, Base Metals, Energy MEX Nepal MEX Kathmandu, Nepal Agricultural, Bullion, Base Metals, Energy Nepal Spot Exchange Limited NSE Kathmandu, Nepal Agricultural, BullionIndian Commodity Exchange Limited ICEX India Energy, Precious Metals, Base Metals, Agricultural www.icexindia.comMulti Commodity Exchange MCX India Precious Metals, Base Metals, Energy, Agricultural National Commodity and Derivatives Exchange NCDEX India Precious Metals, Base Metals, Energy, AgriculturalNational Multi-Commodity Exchange of India Ltd NMCE India Precious Metals, Base Metals, AgriculturalChamber of Commerce, HapurCOCIndiaAgriculturalAce Derivatives & Commodity Exchange Ltd. ACE India AgriculturalBhatinda Om & Oil Exchange Ltd. BOOE India AgriculturalUniversal Commodity Exchange UCX India Agricultural, Energy, Precious MetalsPakistan Mercantile Exchange PMEX Pakistan Precious Metals, Agricultural, Energy, Interest rate futures, currencies, MetalsShanghai Futures Exchange SHFE Shanghai, China Industrial metals, Gold, Petrochemicals, Rubber, Base metalsShanghai International Energy Exchange INE Shanghai, China Energy, rubber, metalShanghai Gold Exchange Shanghai, China Precious MetalsSGX GroupSingapore Commodity Exchange SICOM Singapore Agricultural, RubberAsia Pacific Exchange APEX Singapore Financials, Agricultural, EnergyACX (AirCarbon Exchange)ACXSingaporeCarbon offsetUzbek Commodity Exchange UZEX Tashkent, Uzbekistan Metals, crude oil products, chemicals, base oils, LPG and polyethylene, sugar, agricultural, etc.Zhengzhou Commodity Exchange CZCE Zhengzhou, China Agricultural, PTAMercantile Exchange of Vietnam VNX Hanoi, Vietnam Coffee, Rubber, SteelBuôn Ma Thuột Coffee Exchange Center BCEC Buôn Ma Thuột, Vietnam CoffeeMongolian Commodity Exchange MCE Ulaanbaatar, Mongolia There are 21 types of raw materials of 6 group commodities traded on the market: "Cashmere, Wool, Livestock, Grain, Meat, Leather"

Europe Group Exchange Abbreviation Location Product Types Life Time APX-ENDEX APX-ENDEX Amsterdam, Netherlands Energy Trieste Commodity Exchange BMTS Trieste, Italy AgriculturalCommodity Exchange Bratislava, JSC CEB Bratislava, Slovakia Emissions, Agricultural, DiamondsClimex CLIMEX Amsterdam, Netherlands EmissionsDeutsche BörseEurex Exchange EUREX Frankfurt, Germany Agricultural, Metals, ETCs, Commodities Index European Energy Exchange EEX Leipzig, Germany Power, Natural Gas, Emissions, CoalICE European Climate Exchange ECX London, United Kingdom Emissions founded in 2005, acquired by ICE in 2010 and merged into ICE Futures Europe London Commodity Exchange LCE London, United Kingdom Agricultural Merged into LIFFE in 1996 Energy Exchange Austria EXAA Vienna, Austria Energy, Emissions Commodities Investment Exchange COINVEX London, England Oil & Gas, Mining, Renewable Energy Integrated Nano-Science & Commodity Exchange INSCX United Kingdom NanomaterialsNasdaq, Inc. Nasdaq Commodities Oslo, Norway Power, Natural Gas, Emissions, Freight, Iron OreEuronext Nord Pool Spot Oslo, Norway Power, EnergyAcquired by Euronext in 2020 Euronext Europe AgriculturalHong Kong Exchanges and Clearing London Metal Exchange LME London, United Kingdom Industrial Metals, Plastics (Delisted in 2011) Power Exchange Centra Europe PXE Prague, Czech Republic PowerBelarusian Universal Commodity ExchangeBUCEMinsk, BelarusMetals, Agricultural, Timber, Industrial and consumer goodsSaint-Petersburg International Mercantile ExchangeSPIMEXMoscow, RussiaCrude oil, Petrochemicals, Natural gas, Metals, Agricultural, TimberMoscow Energy ExchangeMOSENEXMoscow, RussiaEnergyClosed since March 2017 Iberian Energy Exchange OMIE-OMIP Lisbon–Madrid, Portugal–Spain Power, Energy Bursa Română de MărfuriBursa Română de Mărfuri BRM Bucharest-Romania Electric power, Natural gas, Emission Allowances, Petroleum products, Construction materials

Oceania

Group Exchange Abbreviation Location Product TypesASXAustralian Securities Exchange ASX Sydney, Australia Agricultural, Energy, Interest Rate FutureABX Global ABX Brisbane, Australia Precious MetalsCBL Markets CBL Sydney, Australia Energy, Emissions, Environmental

See also Commodity market Commodity trading in private electronic markets List of futures exchanges List of traded commodities

References