Commexes turnover up 57% till July of FY12

The turnover of the 23 commodity exchanges in the country has risen by 57.50% to Rs 53,11,356 crore as of July in the current fiscal on the back of increased trade in bullion and farm items, the Forward Markets Commission (FMC) said.

The turnover of the commodities exchanges stood at Rs 33,72,249 crore in the corresponding year-ago period, the FMC said in a statement.

Much of the business volume came from futures trading in gold, silver, guar seed, chana and soyoil, it said.

According to the FMC data, the turnover from bullion has more than doubled to Rs 30,57,508 crore till July of the current fiscal from Rs 15,19,559 crore in the corresponding year-ago period.

 

The turnover from agricultural items rose by 56.43% to Rs 5,89,893 crore from Rs 3,77,099 crore, while business from energy items jumped by 31.32% to Rs 8,25,432 crore in the review period from Rs 6,28,568 crore in April-July, FY11.

However, the turnover from metals like copper has declined marginally to Rs 8,38,520 crore as of July of the 2011-12 fiscal from Rs 8,47,009 crore in the corresponding year-ago period.

During July, leading commodity bourse MCX did the maximum business of Rs 12,45,256 crore, followed by NCDEX (Rs 1,92,791 crore), ICEX (Rs 15,998 crore), ACE Derivatives and Commodity Exchange (Rs 13,089 crore) and NMCE (Rs 10,288 crore).

Currently, there are five national level and 18 regional commodity exchanges in the country. The commodity futures market did business worth Rs 119.48 lakh crore in 2010-11.