Commexes turnover jumps 54% till Mar 15 this fiscal

The turnover of 21 commodity exchanges rose 54% to Rs 173.69 lakh crore till March 15 this fiscal on increased volumes in gold, silver and some agricultural commodities, according to the Forward Markets Commission (FMC).

The business at these exchanges stood at Rs 112.86 lakh crore in the same period last year.

Much of the business came from gold, silver, aluminium, soy oil and soyabean, the regulator FMC said in a statement.

According to the FMC data, the turnover from bullion rose by 91% to Rs 98.59 lakh crore till March 15 of 2011-12, from Rs 51.70 lakh crore in the year-ago period.

While the business from agricultural commodities increased by 49% to Rs 20.33 lakh crore from Rs 13.63 lakh crore, the turnover from energy commodities, like crude, rose by 24% to Rs 27.36 lakh crore from Rs 22 lakh crore in the review period.

Similarly, the turnover from metals like copper rose marginally by over seven% to Rs 27.40 lakh crore till March 15 of the current fiscal.

During March 1-15, the turnover stood maximum at MCX at Rs 6,15,865 crore followed by NCDEX (Rs 85,588 crore), NMCE (Rs 25,807 crore), ICEX (Rs Rs 8912 crore) and ACE Derivatives and Commodities (Rs 6,706 crore).

There are five national and 16 regional commodity exchanges in the country.