Commexes turnover up by 58 per cent till July 15 of FY'12

NEW DELHI: The turnover of the commodity futures market has risen by 58 per cent to Rs 45,34,237 crore as of July 15 of the current fiscal, buoyed by increased trade in bullion and farm commodities, the Forward Markets Commission (FMC) said.

The turnover stood at Rs 28,71,202 crore in the corresponding period of the previous year, the FMC said in a statement.

Much of the business was generated from gold, silver, soya oil, gaur seed, crude oil and other metals, it noted.

According to the FMC data, the turnover from bullion almost doubled to Rs 26,02,476 crore till July 15 of the current fiscal from Rs 13,17,449 crore in the corresponding year-ago period.

The turnover from agricultural items rose by 58.20 per cent to Rs 4,75,555 crore from Rs 3,00,603 crore, while business from energy items jumped by 36 per cent to Rs 7,09,622 crore from Rs 5,22,190 crore in the review period.

The turnover from metals like copper rose marginally by over 2 per cent to Rs 7,46,581 crore till July 15 of the 2011-12 fiscal from Rs 7,30,949 crore in the year-ago period.

During the July 1-15 period, leading commodity bourse MCX did the maximum business of Rs 6,01,437 crore, followed by NCDEX (Rs 82,043 crore), ICEX (Rs 8,297 crore), ACE Derivatives and Commodity Exchange (Rs 6,440 crore) and NMCE (Rs 4,665 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.