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| Comexes' turnover jumps 31% till Oct 15 |
| Press Trust of India / New Delhi Oct 28, 2009, 12:40 IST |
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The combined turnover of 22 commodity exchanges surged by 31 per cent to Rs 36,59,787 crore till October this fiscal compared with Rs 27,94,879 crore in the corresponding period last year, the Forward Markets Commission (FMC) said.
The turnover of agricultural commodities rose 65 per cent to Rs 5,71,023 crore, while business from other commodities like energy increased 79 per cent to Rs 17,08,668 crore between April and October 15, 2009-10 fiscal, it said in its fortnightly report.
However, bullion turnover slipped by 7.70 per cent to 13,80,095 crore in the same period, it noted.
Most of the turnover came from guar seed, soy oil, soy bean, sacking, gold, silver and crude oil.
During October 1-15, the top three national level exchanges — MCX, NCDEX and NMCE together had a turnover of Rs 2,92,681 crore, said commodity markets regulator FMC, which releases the turnover data every fortnight.
The turnover of the country's largest commodity exchange MCX stood at Rs 2,52,514 crore, while the leading agri-commodity bourse NCDEX recorded a business of Rs 30,561 crore in the first fortnight of October. Ahmedabad-based NMCE, which also is a national level exchange, registered a turnover of Rs 9,604 crore.
Among regional bourses, Indore-based National Board of Trade, which deals in soya oil showed an impressive turnover of Rs 2,134 crore in the review period.
At present, there are 19 regional and three national level commodity exchanges in the country.
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