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Apr 11, 2012, 06.29 PM IST | Source: Reuters

Indian commodity futures turnover up 51.7% in FY12

Futures turnover at commodity bourses in India, the world's biggest buyer of bullion and second largest wheat grower, jumped 51.7% to Rs 181,26,000 crore in the last fiscal year, spurred by gold and agricultural commodities.

Indian commodity futures turnover up 51.7% in FY12

Futures turnover at commodity bourses in India, the world's biggest buyer of bullion and second largest wheat grower, jumped 51.7% to Rs 181,26,000 crore in the last fiscal year, spurred by gold and agricultural commodities.

Volumes in agricultural commodities jumped 50.79%  to Rs 21,96,000 core  in the fiscal year that ended in March, while bullion futures volumes jumped 85.33% to Rs 101,81,999 crore, data from the regulator showed.

The commodity markets regulator has taken a series of steps from limiting position limits to imposition of margins to check excessive speculation in agricultural commodities, after banning trade in guar gum and seed in late March.

India, which allowed futures trading in commodities in 2003, has 21 commodity bourses, including six operating at the national level.

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