Turnover of Indian commodity exchanges soar 40%

Turnover of Indian commodity exchanges soar 40%
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First Published: Mon, Aug 11 2008. 12 56 PM IST
Updated: Mon, Aug 11 2008. 12 56 PM IST
New Delhi: Commodity exchanges in the country posted a 40.23% jump in their turnover at Rs16,54,442 crore till July this fiscal, against Rs11,79,765 crore during the corresponding period last year.
During the 16-31 July period, the total turnover of the three national exchanges and 19 regional exchanges increased by 82.67% at Rs3,01,269 crore compared with the year-ago period, the commodity market regulator Forward Markets Commission stated in a release.
According to FMC data, the turnover of leading exchange MCX stood at Rs2,55,191 crore, while the leading agri-commodity bourse NCDEX recorded a business of Rs42,296 crore. Other national level exchanges, Ahmedabad-based NMCE registered a turnover of Rs1,114 crore.
Among the regional bourses, Indore-based National Board of Trade showed an impressive turnover of Rs630 crore in the second fortnight of July.
Of the traded commodities at the MCX, gold, crude oil and silver recorded the highest volume, according to FMC’s fortnightly trade data.
The near-month contract (August 2008) in gold quoted its highest at Rs 13,640 per 10 gm on July 16 and the total value of trade in all gold contracts stood at Rs 1,15,618 crore. Crude oil turnover on the MCX was at Rs 55,154 crore, while silver trading was at Rs 48,744 crore.
On the NCDEX, guar seed trading surpassed turmeric with a turnover of Rs 12,040 crore. Turmeric recorded a business of Rs 4,748 crore. PTI LUX RMI JAS YAS
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First Published: Mon, Aug 11 2008. 12 56 PM IST
More Topics: Commodity Exchange | MCX | NCDEX | NMCE | Bullion |