Commexes turnover drops by over 36 pc in Apr-Dec of FY'14

The turnover of the commodity bourses fell by 36.38 per cent to Rs 82.46 lakh crore till December of the ongoing fiscal, as against Rs 129.6 lakh crore in the year-ago period, according to regulator FMC.
The business turnover has showed a decline in most of the 17 commodity bourses in the country after the imposition of commodity transaction cost since July 2013 and due to the around Rs 5,500 crore payment crisis at spot exchange NSEL, analysts said.
According to latest data released by the Forward Markets Commission (FMC), the turnover from bullion fell by 39.45 per cent to Rs 36.34 lakh crore during April-December period of 2013-14 fiscal, from Rs 60 lakh crore in the year-ago period.

The business from energy items dropped by 30 per cent to Rs 19.85 lakh crore from Rs 28.56 lakh crore, while the turnover from metals declined by 39 per cent to Rs 14.72 lakh crore from Rs 24 lakh crore in the review period.
Similarly, the turnover from farm items came down by 33 per cent to Rs 11.54 lakh crore in April-December of this fiscal, from Rs 17.12 lakh crore in the year-ago period.
Large fall in business turnover have been seen at national level bourses -- MCX, NCDEX, NMCE, ICEX, UCX, ACE.