Comexes turnover soars 40% in Apr-June

Propelled by agri-futures, the turnover of 22 commodity exchanges in the country surged by over 40 per cent to Rs 15,64,114 crore during the first three months of the current fiscal, the Forward Markets Commission (FMC) said.

The turnover stood at Rs 11,15,326 crore during the April-June period previous year, it said.

The business volumes in agricultural futures rose to Rs 2,24,744 crore from Rs 1,56,660 crore in the year-ago period, the commodity market regulator said in a statement.

The bullion trade grew by 25 per cent to Rs 6,67,932 crore over the previous year, the FMC said.

FMC, which releases data every fortnight, said during June 16-30, the turnover of the leading exchange MCX stood at Rs 2,41,063 crore, while the leading agri-commodity bourse NCDEX recorded a business of Rs 24,367 crore.

Other national level exchange Ahmedabad-based NMCE registered a turnover of Rs 7,589 crore.

Among the regional bourses, the Indore-based National Board of Trade, which basically deals in soya oil, showed an impressive turnover of Rs 2,446 crore in the second fortnight of June.