Commexes' biz falls to Rs 34.36 lakh cr till Jun 15 of FY'14

Trading volumes in farm items, gold, silver and other metals remained lower in the April - June period: FMC

The turnover of the commodity bourses declined marginally to Rs 34.36 lakh crore till June 15 of the current fiscal as volumes fell in agricultural commodities as well as in bullion, according to the Forward Markets Commission (FMC).

The exchanges had made a business of Rs 34.42 lakh crore in the same period last year.

Barring energy futures, trading volumes in farm items, gold, silver and other metals remained lower in the said period, commodity markets regulator FMC said in a statement.

According to the FMC, the turnover from energy items like crude oil increase by 33% to Rs 8,50,017 crore between April and June 15 of the current fiscal, as against Rs 6,39,455 crore in the same period corresponding year.

However, the business from agricultural commodities declined more than 25% to Rs 3,11,377 crore from Rs 4,16,393 crore, while the turnover from metals fell by over 6% to Rs 6,55,408 crore from Rs 6,98,206 crore in the review period.

Similarly, the turnover from bullion fell by 4% to Rs 16,19,612 crore between April and June 15th of 2013-14 fiscal from Rs 16,88,770 crore in the year-ago period.

During the first fortnight of June, leading commodity bourse MCX had achieved a maximum business of Rs 5,58,168 crore, followed by NCDEX at Rs 41,103 crore, NMCE at Rs 5,928 crore, ICEX at Rs 5,777 crore, Universal Commodity Exchange at Rs 5,419 crore and ACE at Rs 3,184 crore.

Currently, there are 22 commodity bourses in the country, of which six of them operate at national level. Total turnover of these bourses had dipped to Rs 170.46 lakh crore in the 2012-13 fiscal from Rs 181.26 lakh crore in the previous year.