Small BusinessCommexes turnover jumps 42% in April-Nov
Turnover of the 23 commodity exchanges in the country surged by 42.63 per cent to Rs 47,29,971 crore till November this fiscal on the back of significant improvement in agricultural and other commodities, the Forward Markets Commission (FMC) said today.
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The turnover of commodity exchanges has increased to Rs 47,29,971 crore during the April-November period from Rs 33,16,206 crore in the same period last year, commodity market regulator FMC said in a statement.
Over 90 per cent growth in agricultural and other commodities segment has pushed up the total turnover figures in the review period. Besides,the launch of the fourth bourse ICEX also contributed to better figures, it said.
During April-November period, business from agriculture was to the tune of Rs 7,66,133 crore, while from other commodities like energy was Rs 21,38,796 crore, the FMC said. Bullion turnover stood at Rs 1,825,041 crore in the review period, it added.
In the second fortnight of November, the turnover of the leading exchange MCX stood at Rs 3,33,879 crore, according to the FMC, which releases the trade data every fortnight. The total business at the leading agri-commodity exchange National Commodity & Derivatives Exchange (NCDEX) and National Multi-Commodity Exchange Of India (NMCE) was about Rs 58,122 crore and Rs 10,199 crore respectively.
The new exchange ICEX made a business of Rs 2,559 crore in just four days after it started trading operation on November 27, it said. Among the regional bourse, Indore-based National Board of Trade, which trades in soya oil, made an an impressive business of Rs 2,937 crore during November 16-30.
Of the traded commodities at the Multi-Commodity Exchange of India (MCX), gold, silver and crude oil recorded the highest volume, the regulator said. The near-month contract (December 2009) in gold quoted at its highest at Rs 18,047 per 10 gm on November 26 and the total value of trade in all gold contracts was Rs 1,17,377 crore.
Silver turnover at MCX was Rs 74,584 crore while crude oil trading was Rs 53,026 crore. At NCDEX, guarseed trading surpassed chana with a turnover of Rs 15,858 crore. Chana recorded a business of Rs 6,724 crore.
Currently, there are four national commodity exchanges and 19 regional exchanges.