Commodity exchanges' turnover up 7% in Apr-July

Buoyed by trade in energy and farm commodities

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 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.

image
Business Standard
177 22
Business Standard

Commodity exchanges' turnover up 7% in Apr-July

Buoyed by trade in energy and farm commodities

Press Trust of India  |  New Delhi 

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 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.

RECOMMENDED FOR YOU

Commodity exchanges' turnover up 7% in Apr-July

Buoyed by trade in energy and farm commodities

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

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 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.

image
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

Widgets Magazine

More News

STOCK WATCH

Company Price() Chg(%)
H P C L 930.90 9.81
Finolex Cables 334.05 9.43
B P C L 1010.85 9.12
Prestige Estates 184.75 8.84
Lycos Internet 18.95 7.67
> More on BSE Gainers
Company Price() Chg(%)
Finolex Cables 337.00 10.20
H P C L 931.65 9.65
B P C L 1012.00 9.19
Prestige Estates 184.20 8.29
Reliance Power 52.25 7.40
> More on NSE Gainers
Company Price() Chg(%)
Novartis India 724.80 -12.45
Vaibhav Global 267.80 -6.15
Fortis Health. 164.05 -5.56
R C F 43.05 -5.49
Essel Propack 184.25 -4.41
> More on BSE Gainers
Company Price() Chg(%)
R C F 43.05 -5.38
Fortis Health. 164.00 -5.28
VRL Logistics 276.80 -4.83
Vaibhav Global 267.70 -4.77
Ruchi Soya Inds. 22.20 -4.72
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard