Commodity exchanges have recorded nearly 50 per cent growth in their total turnover at Rs 77.64 lakh crore in 2009-10 fiscal on the back of a sharp rise in the futures trading of agri-items.
"The cumulative value of trades from April 1, 2009, up to March 31, 2010, for the financial year 2009-10 was Rs 77647.54 billion (Rs 77,64,754 crore). The corresponding figures for the previous year was Rs 52489.56 billion (Rs 52,48,956 crore)," according to the data released by commodity market regulator Forward Market Commission.
The turnover of agri-commodities grew by 94 per cent to Rs 12179.49 billion (Rs 12,17,949 crore) during last fiscal from Rs 6273.03 billion (Rs 6,27,303 crore), the data revealed. Lifting of ban on many farm items has helped in achieving higher turnover.
The Centre had lifted the ban on futures trading of wheat in May 2009. Ban on chana, soya oil, rubber, potato futures was lifted in December 2008. As per the FMC data, the cumulative value of trade in bullion rose by six per cent to Rs 31641.52 billion (Rs 31,64,152 crore) from Rs29736.74 billion (Rs 29,73,674 crore). At present, there are four national commodity exchanges and 18 regional exchanges in the country.
