Business Standard

Commodity exchanges' turnover up 7% in Apr-July

Buoyed by trade in energy and farm commodities

Related News

Total of rose by 7% to Rs 56.64 lakh crore in April- July this year buoyed by trade in energy and farm commodities.

The exchanges had made a business of Rs 53.11 lakh crore in the same period last year, commodity markets regulator FMC said.

Barring gold and silver, the business from energy items like crude oil, natural gas, and farm commodities such as soyaoil, soyabean, mustard seed and chana, remained high in the April-July period of 2012-13 fiscal.

The sector regulator said it has taken a slew of measures in the last two weeks to keep a check on price rise in some farm commodities in the backdrop of weak monsoon.

FMC has hiked deposit (margin) money in soyabean, mustard, soyameal, turmeric and cottonseed oil cake futures to restrict speculators.

According to the FMC data, the turnover from energy items rose by 42% to Rs 11.75 lakh crore till July of the current fiscal from Rs 8.25 lakh crore in the year-ago period.

Similarly, the business from farm futures rose by 30% to Rs 7.69 lakh crore from Rs 5.89 lakh crore. The turnover from metal jumped by 26% to Rs 10.59 lakh crore from Rs 8.38 lakh crore in the review period.

However, the turnover from bullion fell by 13% to Rs 26.61 lakh crore in April-July this year, from Rs 30.57 crore in the year-ago period.

At present, there are five national level bourses -- MCX, NCDEX, NMCE, ICEX and ACE besides 16 regional commodity bourses in the country.

Read more on:   
|

Read More

Sebi imposes fine on three persons for lack of disclosure

Pursuant to this purchase, their total holding rose to 11.2% in the company, crossing a threshold limit of 10% to attract the provisions of Sebi's ...

Quick Links

 

Market News

In which sectors do FIIs have the most leg room to invest?

Oil & Gas tops the list

Oil prices up on Ukraine tensions, rosy US data

The United States warned it was considering new sanctions against Russia over the latest development

Markets closed on account of Ganesh Chaturthi

The government will release GDP data for the first quarter later today

Sensex rises 47% since 52-week low

Improvement in earnings, govt policies could provide more legs to the rally that started a year ago

Axis Bank, Maruti Suzuki, L&T scrips more than double in a year

While the benchmark index has moved up 48% between 29 August 2013 till date; Axis Bank, Maruti Suzuki and Larsen and Toubro (L&T) have ...

Back to Top