Introduction, Contents, Foreword, From the Editorial Desk ... - MCX

the overall quality of the book
based on their feedback.
Having won several credentials
in its journey to becoming India’s
largest and the world’s sixth largest
commodity exchange, driven
by its strategic partnerships with
various ecosystem players, it was
time for MCX to focus on creating
a global benchmark platform with
worldwide-traded commodities,
which would follow global benchmark
practices to provide domestic
economic stakeholders with a costeffective
platform to mitigate the
forces of international commodity
fundamentals in Indian time zone.
priate guidance in their future
decisions ranging from personal
consumption to national economic
policymaking.
In our bid to reach out to a wider
base of stakeholders – and give them
access to the yearbook – than the
limitation of a printed edition allows
us to, we have already hosted the
electronic version of the first edition
of ‘Commodity Insights’ on the
exchange website, www.mcxindia.
com. It draws an average of 411 visitors
everyday and has attracted nearly
56,680 hits since it was uploaded in
May-end. To inform those who are
new to this joint endeavour of MCX
and PwC, the first issue was released
on October 14, 2009.
We would like to thank Mr. Jignesh
Shah, Vice Chairman – MCX;
Mr. Lamon Rutten, MD and CEO
– MCX; Mr. Parveen Singhal, DMD
– MCX; and Mr. Kumar Dasgupta,
Partner – Price Waterhouse; for their
continuous encouragement and
support without which this initiative
of ours would have remained
unaccomplished. We also would
PwC, which services clients the
world over in their efforts towards
price risk management of globallytraded
commodities, becomes
MCX’s natural partner in this joint
endeavour aimed at enlightening
market participants, academicians,
corporations, and policymakers
with prices and the fundamentals
that shape them. We firmly believe
that this effort of ours will help
all these stakeholders with approlike
to thank Sujan Bhattacharyya,
Niteen Jain, Nazir Moulvi, Dhwani
Mehta and Debojyoti Dey, all from
MCX, and Dr. Kiran Karande from
Price Waterhouse for their relentless
efforts, day in and day out, without
which our idea would not have
taken the shape of this book. It is our
pleasure to acknowledge the work
of summer interns from SCMHRD,
Pune – Ms. Arshika Mishra, Mr.
Ankit Dua and Mr. L. Deepak – on
updating the data sets published in
the 2009 edition. And finally, this
message from the editorial desk will
not be complete without thanking
Ms. Carol Daver and Ms. Vidya
Shintre who helped gather financial
support for packaging this idea of
ours in a most presentable manner.
You may share your views,
thoughts, and suggestions with
us at ci@mcxindia.com, or at the
email addresses provided below;
this surely will help us enrich
‘Commodity Insights’ even further
in future attempts.
Hope, you find this edition worth
referring to, time and again.
V. Shunmugam
Chief Dr. V Sunmugam Economist
Multi Commodity Exchange of India
Kumar Dasgupta
Dr. V Sunmugam
Kumar Dasgupta
Partner
Kumar Dasgupta
Price Waterhouse
A PwC & MCX Joint Endeavour | 9