Commexes turnover up 7.5% to Rs 34,42,826 crore so far this fiscal

NEW DELHI: The turnover of the commodity exchanges rose 7.5 per cent to Rs 34,42,826 crore till June 15 this fiscal despite fall in trade volumes in gold and silver, according to the Forward Markets Commission ( FMC).

The exchanges had clocked a business of Rs 31,99,842 crore in the year-ago, the regulator FMC said in a statement.

Barring bullion, the maximum turnover has been generated from crude oil, metals like copper and farm commodities.

According to the FMC data, the turnover from bullion fell by 12.5 per cent to Rs 16,88,770 crore in the April-June 15 period of the 2012-13 fiscal from Rs 19,22,262 crore in the same period last financial year.

Nevertheless, the business from energy items rose by 40 per cent to Rs 6,39,455 from Rs 4,56,196 crore and the turnover from metals increased by 36.27 per cent to Rs 6,98,206 crore from Rs 5,12,351 crore in the reviewed period.

Similarly, the turnover from agricultural commodities increased by 35 per cent to Rs 4,16,393 crore till June 15 of the fiscal from Rs 3,09,031 crore in the year-ago.

FMC also mentioned that it reduced the margin amount that a trader has to deposit with the exchange before trading in commodities such as potato, barley, pepper and chana after volatility in prices of these items settled to a normal level.

There are 16 regional and five national level commodity bourses in the country. The total turnover of these bourses had touched Rs 181,26,103 crore in the 2011-12 fiscal.