Commexes' turnover jumps by 53% in April
Buoyed by non-agricultural commodities, the turnover of 23 commodity exchanges in the country rose by 53 per cent to Rs 7,48,414 crore in April, the Forward Markets Commission (FMC) said.
The turnover of commodity bourses had stood at Rs 4,89,988 crore in the same month of the corresponding year, the commodity markets regulator said, adding that the maximum business had come from the futures trade in metals, bullion and energy.
In bullion, trading in gold and silver pushed up the turnover at exchanges by 35.5 per cent to Rs 2,93,102 crore in April, against Rs 2,16,286 crore in the year-ago period.
Higher participation in copper and zinc futures increased the total turnover of the metals segment to Rs 2,27,118 crore from Rs 86,173 crore in the review period. Business from the energy trade rose by 33 per cent to Rs 1,35,075 crore, the data showed.
However, the turnover from agricultural commodities like guarseed and soya oil went up slightly by 8.5 per cent to Rs 93,116 crore in April, against Rs 85,828 crore in the same period last year.
Energy, bullion and metals are traded largely at the country's top national commodity exchange MCX, while farm items are traded at NCDEX.
Commodity exchanges recorded nearly 50 per cent growth in their total turnover, at Rs 77.64 lakh crore in the 2009-10 fiscal.
Currently, there are four national and 19 regional exchanges in the country.