Commex turnover to touch Rs 110 lakh cr in FY 11: FMC

MUMBAI: The turnover of the commodity exchange is expected to touch Rs 110 lakh crore in FY 11, a top regulatory authority official said here.

"The turnover of commodity exchanges is expected to be around Rs 110 lakh crore during April 2010-March 2011 period as compared to Rs 77.5 lakh crore registered in the previous year," Forward Markets Commission ( FMC), Chairman B C Khatua told PTI here.

Indian commodity bourses' turnover rose 53.4 percent on year to Rs 72 lakh crore in the first eight months to November.

Bullion trade rose by 79.78 per cent in value terms to Rs 32 lakh crore, and metals futures trade rose 66.56 percent to Rs 17 lakh crore Apr-Nov, while volumes in agri commodities rose by a little over 9 per cent.

"The growth in agri sector remained slow this year as compared to last year, when we saw significant growth," Khatua said.

However, trading in gold and other bullion products, which were subdued last year, have become active due to high volatility.