Commexes turnover jumps 62% in fortnight to July 31

Driven by increased trade in bullion and metals, the turnover of commodity exchanges in the country surged by 63 per cent to Rs 5,01,046 crore during the fortnight ended July 31, 2010, according to the Forward Markets Commission (FMC) data.

The total turnover of the bourses was Rs 3,07,829 crore in the same period last year, commodity market regulator FMC said in a statement.

The cumulative value of trade in the first four months of this fiscal grew by 59 per cent at Rs 33,72,249 crore compared to Rs 21,23,637 crore in the corresponding period last fiscal.

Currently, there are four national and 19 regional exchanges. Bullion and metals are largely traded on the Multi Commodity Exchange of India (MCX) platform, while agricultural items on the National Commodity & Derivatives Exchange (NCDEX).

According to FMC data, the total trade in bullion in the fortnight ended July 31 increased by more than two fold to Rs 2,02,110 crore against Rs 90,283 crore in the corresponding period last fiscal.

The total volume of trade in metals other than bullions rose by 61 per cent to Rs 1,16,060 crore in the fortnight period ended on July 31 compared to Rs 72,097 crore in the corresponding period, an year ago.

During the fortnight period, the total value of trade in agri-commodities increased by 41.6 per cent to Rs 76,496 crore against Rs 54,019 crore in the similar period last fiscal.