Commexes turnover up at Rs 63 lakh crore

Turnover of the 21 commodity exchanges has risen only marginally to about Rs 63 lakh crore till August 15 of the current fiscal on account of sluggish trade in bullion, according to the Forward Markets Commission (FMC).

These bourses had done business worth Rs 62.06 lakh crore in the same period last year, FMC said in its latest report.

The overall turnover of the exchanges was not impressive as business from gold and silver futures remained down by over 20% at Rs 28.88 lakh crore during the April-August 15th period of the 2012-13 fiscal, from Rs 36.15 lakh crore in the same period last year.

Whereas the turnover from agriculture, energy and other metals showed some improvement.

As per the commodity markets regulator FMC, while the turnover from agricultural items rose by almost 30% to Rs 8.7 lakh crore, from Rs 6.78 lakh crore, the business from other metals like copper increased by 23% to Rs 11.60 lakh crore from Rs 9.43 lakh crore in the review period.

The turnover from energy items like crude oil rose by 40% to Rs 13.59 lakh crore till August 15 of the current fiscal from Rs 9.68 lakh crore in the same period last year.

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

In the 2011-12 fiscal, they had achieved turnover of Rs 173.69 lakh crore.