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| Comexes turnover jumps by 34.19% |
| Press Trust of India / New Delhi Aug 03, 2009, 15:28 IST |
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Buoyed by agri-futures, the turnover of 22 commodity exchanges has increased by 34.19 per cent to Rs 18,15,807 crore till July 15 in the current fiscal, compared with Rs 13,53,173 crore in the same period a year ago, commodity market regulator Forward Markets Commission (FMC) said.
The turnover from agricultural commodities rose to Rs 2,66,956 crore between April and July 15 from Rs 1,82,639 crore in the same period last year, FMC said.
"Uncertainty over rainfall has boosted volumes in agricultural commodities, while bullion trade was modest due to subdued price movement and demand," FMC Chairman B C Khatua said.
The turnover from bullion trade rose by 13.94 per cent to Rs 7,48,344 crore from Rs 6,56,804 crore during the review period, according to FMC data.
MCX, the country's leading commodity bourse, clocked a business of Rs 2,09,606 crore, largely from crude oil, gold and copper, till July 15 this fiscal, it said.
NCDEX, that largely deals in agri-items, generated a turnover of about Rs 31,174 crore, NMCE made a business of about Rs 7,647 crore during the review period, the data showed.
The turnover of NCDEX and NMCE was mostly from agricultural commodities like soya oil, chana and guarseed.
Among regional bourses, Indore-based National Board of Trade (NBoT) made an impressive turnover of Rs 2,236 crore from soya oil, it added.
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