Commodity futures turnover up 74%

India’s total commodity futures turnover on four national exchanges and 18 regional exchanges during April 16-30 was up 74 per cent year-on-year at Rs 4.39 lakh crore, said a Forward Markets Commission (FMC) official today.

In April, total commodity futures turnover rose 53 per cent to Rs 7.48 lakh crore.

The Multi Commodity Exchange (MCX), National Commodity and Derivatives Exchange, National Multi-Commodity Exchange of India and Indian Commodity Exchange are the four national commodity exchanges.

Exchange-wise turnover
Turnover on MCX, the country’s top exchange in terms of turnover, increased 74.5 per cent to Rs 3.56 lakh crore during April 16-30, while on NCDEX turnover rose 11.7 per cent to Rs 41,850 crore, the official said.

ICEX registered a turnover of Rs 27,682 crore, while NMCE registered the highest growth in percentage terms of 80.5 per cent and recorded a turnover of Rs 12,605 crore during April 16-30, he said. Among regional exchanges, Indore-based National Board of Trade’s turnover declined sharply to Rs 888 crore from Rs 3,048 crore, the official said.