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Business News/ Money / 23 commexes turnover up by 57% till 15 May
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23 commexes turnover up by 57% till 15 May

23 commexes turnover up by 57% till 15 May

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New Delhi: The turnover of 23 commodity exchanges rose by 57% to Rs11,83,726 crore till 15 May 2010 as against Rs7,52,518 crore in the same period last year, commodity markets regulator Forward Markets Commission (FMC) has said.

Futures trading in metals, bullion, energy and agriculture items accounted for the maximum business between 1 April and 15 May, FMC said in a statement.

The turnover from metals, like copper and nickel, rose to Rs3,39,431 crore till 15 May of FY11 from Rs1,37,961 crore in the corresponding period last year, the FMC data showed.

The business from bullion increased by 54% to Rs5,00,280 crore from Rs3,24,741 crore, turnover from energy went up by 24% to Rs2,08,256 crore from Rs1,66,982 crore, while agriculture items contributed Rs1,35,755 crore in the review period, it said.

Among four national exchanges, MCX made an highest business of Rs9,67,971 crore followed by NCDEX at Rs1,08,171 crore, ICEX at Rs69,077 crore and NMCE at Rs34,161 crore between 1 April and 15 May, it noted.

Meanwhile, Indore-based National Board of Trade (NBOT) made a maximum turnover of Rs2,642 crore during the review period.

There are four national and 19 regional exchanges in the country.

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Published: 27 May 2010, 02:49 PM IST
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