Commexes turnover rises 55% in first fortnight of 2010

Commexes turnover rises 55% in first fortnight of 2010

New Delhi: Commodity exchanges started the year 2010 on a good note with total turnover surging by 55.24% to Rs3,64,893 crore in the first fortnight of the current month.

The exchanges had registered a total turnover of Rs2,35,048 crore in the year-ago period.

MCX clocked the highest turnover of Rs2,86,953 crore (till 15 January) among 23 commodity exchanges, the data released by commodity market regulator Forward Markets Commission (FMC) showed.

While the turnover of leading agri-commodity bourse NCDEX stood at Rs46,648 crore, Ahmedabad-based NMCE made a business of Rs8,884 crore during the period. New entrant ICEX generated a turnover of Rs18,927 crore in the period.

Higher turnover came from bullion, energy and few farm commodities such as guarseed, soya oil and chana, FMC said.

The total business from agri-commodities more than doubled to Rs58,857 crore, while that from bullion rose by 16.31% to Rs1,55,959 crore till 15 January. Turnover from other commodities such as energy also more than doubled to Rs1,50,077 crore in the review period, it said.

Commodity exchanges had closed the year 2009 with record turnover of Rs70,90,442 crore, up by 40.85% from Rs50,33,872 crore in the previous year. Last year, the average turnover in a fortnight has stood at Rs2,95,435 crore.