Comexes turnover rises 30% in so far this fiscal

The turnover of the commodity exchanges in the country rose by 29.74 per cent to Rs 43,93,403 crore during the current fiscal till February 15, though trading in agri-commodities showed a drastic drop, according to the Forward Markets Commission (FMC).

Turnover in the corresponding period last year stood at Rs 33,86,361 crore, it said.

Futures trading in agricultural items showed a dent of about 32 per cent at Rs 5,29,666 crore, but the loss was offset by an impressive growth in bullion, the commodity market regulator FMC said in a statement.

Turnover from bullion trading grew by over 75 per cent at Rs 24,45,963 crore during the review period, it said.

Giving details of the fortnight performance of the commodity bourses, FMC said turnover of 22 exchanges during February 1-15, rose 3.50 per cent to Rs 2,33,143 crore.

A fortnight trend at MCX, the leading commodity exchange, showed maximum trade in gold, crude oil and silver, amounting to business of Rs 2,03,054 crore. While the turnover at agri-commodity bourse NCDEX was at Rs 22,974 crore and NMCE at Rs 3,818 crore, it said.

Among the regional bourses, the Indore-based National Board of Trade, which basically deal in soya oil generated a business of Rs 1,998 crore in the first fortnight of February.