Commexes' turnover rises 17% to Rs 5.43 lakh crore in April

The turnover of commodity bourses rose by 17 per cent to Rs 5.43 lakh crore in April of 2015-16 fiscal as compared to Rs 4.64 lakh crore in the year-ago period, according to the Forward Markets Commission (FMC).
Barring bullion, trading volumes were high in metals, agriculture and energy items in the said period, commodity markets regulator FMC said in a statement.
As per the FMC data, the turnover from energy items such as crude oil increased by 52 per cent to Rs 1.59 lakh crore in April this year from Rs 1.04 lakh crore a year ago.
Similarly, the business from metals jumped by over 20 per cent to Rs 1.15 lakh crore from Rs 95,195 crore, while that from agri-commodities rose by 13 per cent to Rs 1.08 lakh crore from Rs 96,167 crore in the period under review.

However, the turnover from bullion declined by about 5 per cent to Rs 1.60 lakh crore in April of 2015-16 fiscal, as against Rs 1.68 lakh crore in the same month of previous year.
FMC also said that it was not considering renewal of recognition of regional bourse Surendranagar Cotton Oil and Oilseeds Association Ltd due to absence of receipt of any action plan for demutualization and online trading and also on the grounds that there has been no progress on their plan for tie-up with NCDEX.
"Their proposal for renewal of recognition, which lapsed on March 31, 2014, is not being considered," FMC said.

At present, there are four national and six regional level commodity bourses functioning in the country.