This Article is From Jun 14, 2015

Commodity Exchanges' Turnover Up 17% in April-May

New Delhi: Commodity exchanges' total turnover rose 16.63 per cent to Rs 11.11 lakh crore in the first two months of the current fiscal year on account of higher trade volumes in energy and agri-commodities, according to the Forward Markets Commission (FMC).

These exchanges had done business worth Rs 9.52 lakh crore in the April-May period of last fiscal year (2014-15), commodity market regulator FMC said in a report.

The maximum volumes were generated in energy items like crude oil, followed by agricultural and metals.

According to the FMC data, the turnover from energy items like crude oil rose 55 per cent to Rs 3.22 lakh crore till May of this fiscal year from Rs 2.07 lakh crore in the year-ago period.

Similarly, business from agricultural commodities increased 17.44 per cent to Rs 2.27 lakh crore from Rs 1.93 lakh crore while turnover from metals like zinc and copper rose 16.67 per cent to Rs 2.35 lakh crore from Rs 2.01 lakh crore.

However, the turnover from bullion declined 6.64 per cent to Rs 3.26 lakh crore in April-May of this fiscal year as against Rs 3.49 lakh crore in a year-ago period.

There are four national level bourses - MCX, NCDEX, NMCE and ACE, and six regional level players.