Ulaanbaatar, Mongolia
Abbreviation
MCE
Location
Ulaanbaatar, Mongolia
Region
Asia
Product Types
Cashmere, Wool, Livestock, Grain, Meat, Leather
The Mongolian Commodity Exchange (MCE), established in 2013 in Ulaanbaatar, is Mongolia's primary platform for trading raw agricultural and pastoral commodities. MCE lists 21 types of raw materials across six commodity groups: cashmere, wool, livestock, grain, meat, and leather. As Mongolia is one of the world's largest producers of cashmere, MCE plays a critical role in setting domestic benchmark prices for this high-value fibre. The exchange aims to bring transparency and standardisation to Mongolia's traditional commodity trading sector.
National Multi-Commodity Exchange of India Ltd (NMCE), founded in 2002 and headquartered in Ahmedabad, was India's first demutualized national-level commodity futures exchange. NMCE offered futures contracts for precious metals, base metals, and agricultural commodities. Despite being a first-mover in India's commodity derivatives space, NMCE faced sustained challenges in liquidity and competition from MCX and NCDEX. SEBI cancelled NMCE's recognition as a national commodity exchange in 2018, effectively ending its operations.
The Manila Commodity Exchange (MCX) is a commodity and derivatives exchange based in Manila, Philippines, offering contracts across base metals, agricultural commodities, energy, and currencies. The Philippines is an emerging market for commodity derivatives with the exchange targeting regional Southeast Asian participants. MCX operates within the Philippine regulatory framework overseen by the Securities and Exchange Commission (SEC Philippines).
The Shanghai Gold Exchange (SGE), established in 2002 under the People's Bank of China, is the world's largest physical gold exchange by delivery volume. SGE is the primary platform for spot gold and silver trading in China, setting the Shanghai Gold Benchmark Price (SHAU) twice daily in Chinese yuan, which serves as a domestic pricing reference. Products include gold slab, gold ingot, gold bars, and silver spot contracts. The International Board of SGE (SGEI), launched in 2014, allows overseas institutions to trade gold in yuan, furthering RMB gold market internationalisation.
The Chittagong Tea Auction is one of the major tea auction centres in South Asia, located in Chittagong (Chattogram), Bangladesh. Operated by the Bangladesh Tea Board, the auction facilitates the weekly sale of CTC and orthodox teas grown in the Sylhet and Chittagong Hill Tracts tea gardens. Bangladesh is a significant tea producer, and the Chittagong auction provides benchmark pricing for Bangladeshi teas sold to domestic packers and export buyers, competing with the Kolkata and Colombo tea auction systems.