MCX ties up with IIMA

This is a piece of new I read in ET today, I still wonder, are the commodities market so much booming? At least the retail investor is very very far away from it. Here is the news

THE booming commodities market has now caught the fancy of the premier B-school Indian Institute of Management, Ahmedabad. The institute plans to set up a commodities chair in association with the Multi Commodity Exchange of India (MCX). With this, the institute will now increasingly conduct focused research on different commodities, including the demand supply, production and trading patterns.
“We want to encourage good market research on commodities, so we have tied up with IIMA to set up a research chair at the institute,” said Joseph Massey, deputy managing director, MCX.
It is also talking to a few other IIMs for possible collaborations. The commodities market is already catching the fancy of the management schools. The IIMA, which recently held an agri festival ‘Amaethon’, also held commodity trading games as a part of the event this year. Many students from the PGP-ABM (post graduate programme in agri business management) are increasingly opting for careers in the commodities market.
Booming economy, good returns and fast expanding network of commodity exchanges have given momentum to commodities trading market.
The total commodity futures trading volumes in the last financial year have increased to Rs 37 lakh crore from previous year’s Rs 21.55 lakh crore.