At present the average daily turnover of 23 commodity exchanges put together barely crosses Rs 8,000-9,000 crore. Of this the share of fine cereal grains (wheat and rice) is insignificant, ranging below Rs 30 crore per day. The entry of Food Corporation of India (fci) can increase its volume 20 times as it purchases roughly 15-20 per cent of India's wheat and 12-15 per cent of its rice production. FCI's entry could make India into a grain trading hub.