Commexes' turnover dips 2.75% in first fortnight of April

Maximum decline seen in bullion at 23%, but rise in energy items arrests sharp fall

The turnover of the commodity exchanges fell by 2.75 per cent to Rs 2,30,142 crore in the first fortnight of this month due to sluggish trading volumes in bullion, commodity markets regulator FMC said today.

The business of these exchanges stood at Rs 2,36,639 crore in the same period last year, it said in a statement.

Maximum decline in business was seen in bullion, followed by agricultural commodities and metals. But rise in turnover of energy items arrested sharp fall in the overall business.

According the Forward Markets Commission (FMC), the turnover from bullion items like gold declined by 23 per cent to Rs 68,002 crore during April 1-15 of this fiscal, as against Rs 87,997 crore in the year-ago.

The turnover from metals dropped marginally to Rs 47,183 crore from Rs 47,234 crore, while that of from agricultural commodities fell by 10 per cent to Rs 42,215 crore from Rs 46,760 crore in the review period.

However, the business from energy items such as crude oil increased by 33 per cent to Rs 72,741 crore in the first fortnight of April in the current fiscal, as against Rs 54,647 crore in the same period last year.

Among national level bourses, MCX made a business of Rs 1,9l,845 crore, NCDEX at Rs 36,523 crore, NMCE at Rs 1,207 crore and ACE Commodities at Rs 105.73 crore during the April 1-15 period of this year.

Apart from these four bourses, there are six regional exchanges in the country.