Commexes turnover rises by 91% till Apr 15

The turnover of the commodity futures market rose by 91% to Rs 5,93,198 crore till April 15 of the current fiscal on the back of higher trade volumes in bullion and farm commodities, according to the Forward Markets Commission (FMC).

The turnover stood Rs 3,09,293 lakh crore in the same period corresponding year, FMC said in a statement.

Much of the business was generated from gold, silver, soya oil, gaur seed, crude oil and other metals, it noted.

According to the FMC data, the turnover from bullion more than doubled to Rs 3,29,216 crore in the first fortnight of April, as against Rs 1,20,900 crore in the year-ago period.

The turnover from metals like copper and lead increased by 27% to Rs 1,08,831 crore from Rs 85,862 crore, while the business from energy items jumped up by 46% to Rs 90,468 crore from Rs 62,009 crore in the review period.

The turnover from agricultural items increased by 60% to Rs 64,681 crore in the first fortnight of April as against Rs 40,520 crore in the same period an year ago, the data showed.

During April 1-15 period, leading commodity bourse MCX did a maximum business of Rs 5,18,986 crore, followed by ICEX at Rs 8,203 crore, NCDEX at Rs 56923 crore, NMCE at Rs 3,656 crore and ACE Derivatives and Commodity Exchange at Rs 3,396 crore.

Currently, there are five national level and 18 regional commodity exchanges in the country. The commodity futures market did a business of Rs 119.48 lakh crore in the 2010-11.