"Commodity can be defined as any kind of movable property other than actionable claims, money and securities”. Futures’ trading has been organized in such goods or commodities as were permitted by the Central Government. Presently, all the agricultural products ( Cereals including wheat, rice pulses, Spices, plantation crops, Cash crops, sugarcane ,Oilseed crops and even Potato), mineral and fossil origin are allowed for futures trading under the auspices of the commodity exchanges recognized under the FCRA.