Commexes' Apr-Feb turnover up by over 50%

The turnover of 23 commodity exchanges surged by over 50 per cent to Rs 69,72,216 crore till February of the current fiscal due to a sharp rise in participation of agricultural and other commodities, the Forward Markets Commission (FMC) said.

The turnover of commodity bourses had stood at Rs 46,44,496 crore in the same period last year, it said.

The maximum of business has come from the futures trade in farm items such as guarseed, soyabean, soy oil and mustard seed as well as commodities such as energy and crude oil, the the data released by commodity markets regulator FMC showed.

Among 23 commodity bourses, the country's leading exchange Multi Commodity Exchange's turnover soared up by 42 per cent to Rs 57,67,386 crore during April-February of FY'10, against Rs 40,59,944 crore in the same period last year.

The business of the leading agri-commodity bourse National Commodity & Derivatives Exchange rose significantly by 69 per cent to Rs 8,33,444 crore from Rs 49,2761 crore, while that of NMCE's turnover scaled up by five folds to Rs 1,94,380 crore from Rs 39,625 crore in the review period, the data showed.

The new entrant ICEX made business of Rs 1,01,301 crore since the launch of the exchange on November 21, 2009. The turnover of regional exchange National Board of Trade rose sharply to over Rs 25,000 crore so far this fiscal.

Currently, there are four national and 19 regional exchanges in the country.