Commexes turnover rises by 57% in Q1

Turnover of commodities exchanges rose by 57 per cent at Rs 24.55 lakh crore during the first quarter of the current fiscal compared to the same year-ago period on the back of higher value of trade in bullion, according to data released by market regulator the Forward Markets Commission (FMC).

Commodities exchanges had posted a turnover of Rs 15.64 lakh crore in the corresponding period last fiscal.

The country has 23 commodity exchanges, out of which four are national exchanges and rest are regional.

The turnover in bullion grew by 68.52 per cent at Rs 11.25 lakh crore during April-June 2010 period as against Rs 6.67 lakh crore in the same period last fiscal.

In the agri-commodities, the turnover increased by nearly 12 per cent at Rs 2.51 lakh crore in the first quarter of this fiscal as against Rs 2.24 lakh crore in the year-ago period.

Turnover of metals other than bullion jumped by more than twofold at Rs 6.44 crore in the April-June period as compared to Rs 3.04 lakh crore in the similar period a year ago.

The exchanges have clocked a turnover of Rs 4.33 lakh crore in energy trading during the first three months of the current fiscal, thus registering a growth of 18.6 per cent as against Rs 3.65 crore in the similar period a year ago.

During the fortnight period ended on June 30, 2010, commodity exchanges trunover grew by 56.4 per cent to Rs 4.32 lakh crore as compared to Rs 2.76 lakh crore in the corresponding period a year ago.