Forward Markets Commission said the turnover of the commodity futures market, Commexes, jumped up by 53.54 per cent to Rs. 112.86 lakh crore till March 15 of the current fiscal, largely on account of increased trade volume in bullion, metals and energy items.The turnover stood at Rs. 73.50 lakh crore in the year-ago period, the commodity markets regulator FMC said in a statement. The maximum turnover continued to come from futures trading in gold, silver, metals and crude oil, it said.
According to FMC data, the turnover from bullion rose by over 72 per cent to Rs. 51.70 lakh crore till March 15 of this fiscal as against Rs. 29.99 lakh crore in the year-ago period.
The business from metals such as copper increased by over 51 per cent to Rs. 25.50 lakh crore from Rs. 16.84 lakh crore, while turnover from energy items was up by 46 per cent to Rs. 22 lakh crore from Rs. 15.10 lakh crore in the review period, it said.
However, the turnover from futures trading in agricultural products increased by only 18.25 per cent to Rs. 13.63 lakh crore during April-March 15 of the 2010-11 fiscal, it added.
During the first fortnight of March, the country's leading commodity bourse MCX made a maximum business of Rs. 5,84,593 crore, followed by agri-commodity exchange NCDEX at Rs. 76,185 crore, NMCE at Rs. 16,552 crore, ICEX at Rs. 8,447 crore and ACE Derivatives and Commodity Exchange at Rs. 3,183 crore, respectively.
The country has five national and 18 regional level commodity bourses.
