Commodity futures turnover up 54%

India’s total commodity futures turnover from the four national and 17 regional exchanges has risen 53.77 per cent on year to Rs 51.73 lakh crore in April-September, according to an official of the Forward Markets Commission.

The momentum in turnover, coupled with likely launch of fifth national bourse by end of this month, indicates that the turnover for the current financial year is set to cross the Rs 100-lakh-crore mark, the official said.

Kotak Group-promoted ACE Derivatives and Commodity Exchange is likely to launch operations by October-end.

The turnover for the September 16-30 period rose 53.56 per cent on year to Rs 4.59 lakh crore, the official said.

MCX, National Commodity and Derivatives Exchange, National Multi Commodity Exchange of India, and Indian Commodity Exchange are the national exchanges.

Exchange-wise turnover
MCX, the country’s top exchange in terms of turnover, recorded a turnover of Rs 3.91 lakh crore during Septemnber 16-30, up 49 per cent on year, the official said.

MCX accounted for over 85 per cent of the total turnover during the period under review.

NCDEX posted a sharp 81 per cent year-on-year rise in turnover to Rs 44,737 crore in the fortnight under review, the official said and added that ICEX registered a turnover of Rs 13,752 crore in the same period. However, turnover of NMCE continued to plunge for the sixth straight fortnight to Rs 37,990 crore compared with Rs 87,800 crore a year ago, the official said.

Among regional exchanges, Indore-based National Board of Trade maintained its top position in terms of turnover.

However, NBOT’s turnover fell to Rs 19,310 crore in September 16-30, down from Rs 20,430 crore in the same fortnight a year ago.