Commexes turnover up by 57%

The turnover of 23 commodity exchanges rose by 57 per cent to Rs 11837.26 billion (Rs 11,83,726 crore) till May 15 of the 2010-11 fiscal as against Rs 7525.18 billion (Rs 7,52,518 crore) in the same period last year, commodity markets regulator Forward Markets Commission has said.

Futures trading in metals, bullion, energy and agriculture items accounted for the maximum business between April 1 and May 15, FMC said in a statement. The turnover from metals, like copper and nickel, rose to Rs 3394.31 (Rs 3,39,431 crore) till May 15 of FY'11 from Rs 1379.61 billion (Rs 1,37,961 crore) in the corresponding period last year, the FMC data showed.

The business from bullion increased by 54 per cent to Rs 5002.8 billion (Rs 5,00,280 crore) from Rs 3247.41 (Rs 3,24,741 crore), turnover from energy went up by 24 per cent to Rs 2082.56 (Rs 2,08,256 crore) from Rs 1669.82 (Rs 1,66,982 crore), while agriculture items contributed Rs 1357.55 (Rs 1,35,755 crore) in the review period, it said.

Among four national exchanges, MCX made an highest business of Rs 9679.71 billion (Rs 9,67,971 crore) followed by NCDEX at Rs 1081.71 (Rs 1,08,171 crore), ICEX at Rs 690.77 billion (Rs 69,077 crore) and NMCE at Rs 341.61 billion (Rs 34,161 crore) between April 1 and May 15, it noted.

Meanwhile, Indore-based National Board of Trade made a maximum turnover of Rs 26.42 billion (Rs 2,642 crore) during the review period. There are four national and 19 regional exchanges in the country.