National Multi-Commodity Exchange of India Limited (NMCE) recorded a turnover of Rs. 47,372 crore in the fiscal ending March 31, 2004. Rubber, pepper, soyoil, rapeseed and cardamom were the major items traded. Average daily turnover was Rs 158 crore. | |
| The highest daily trade was Rs 366 crores on 25 November, 2003. Rubber futures, launched on 15 March, 2003, hit 3,61,774t worth Rs 2,070 crore in 2003-04. |
| |
| Monthly rubber futures trades rose from 3282t valued at Rs 17 crore in April 2003, to 45,518t valued at Rs 273 crore in March 2004. NMCE facilitated delivery of over 1706t of rubber in 2003-04. |
| |
| Pepper futures hit 1,81,146t valued at Rs 1,498 crore. Rapeseed volume was 1,53,518t worth Rs 316 crore and soyoil volume was 10,29,210t valued at Rs 4,709 crore. Cardamom futures, launched for the first time in the world on February 4, touched 10,138t valued at Rs 48 crore in just two months. NMCE futures trading cover 56 commodities in all. |
| |
| Kailash Gupta, managing director of NMCE, said it was yet to attain desirable volumes though the annual target had been surpassed. |
| |
| With the recent acquisition of 10 per cent equity in NMCE by Punjab National Bank, the bank's branch network will now be available to farmers, traders and investors, he added. |
| |
|
| |
