Commexes turnover up by 58.12% till June 15 of FY12

The turnover of the commodity futures market has risen by 58.12% to Rs 31,99,842 crore as of June 15 of the current fiscal, buoyed by increased trade in bullion and farm commodities, the Forward Markets Commission (FMC) said.

The turnover stood Rs 20,23,697 crore in the same period of the corresponding year, the FMC said in a statement. Much of the business was generated from gold, silver, soya oil, gaur seed, crude oil and other metals, it noted. 

According to the FMC data, the turnover from bullion more than doubled to Rs 19,22,262 crore till June 15 of the current fiscal, as against Rs 9,12,556 crore in the year-ago period.

The turnover from agricultural items rose by 44% to Rs 3,09,031 crore from Rs 2,13,985 crore, while the business from energy items jumped by 27% to Rs 4,56,196 crore from Rs 3,59,397 crore in the review period.

However, the turnover from metals like copper declined by 4.72% to Rs 5,12,351 crore till June 15 of the 2011-12 fiscal from Rs 5,37,750 crore in the year-ago period.

During the June 1-15 period, leading commodity bourse MCX did the maximum business of Rs 5,15,217 crore, followed by NCDEX (Rs 65,870 crore), ICEX (Rs 9,117 crore), ACE Derivatives and Commodity Exchange (Rs 4,962 crore) and NMCE (Rs 4,452 crore).

Currently, there are five national level and 18 regional commodity exchanges in the country. The commodity futures market did business of Rs 119.48 lakh crore in 2010-11.