Commexes turnover rises 13.55% till Aug 15

Turnover of the commodity bourses rose by 13.55 percent to Rs 25.43 lakh crore till August 15 during the ongoing fiscal on sharp jump in trade volumes in crude oil and other energy segments, FMC said on Wednesday. The exchanges had clocked a business of Rs 22.40 lakh crore in the same period last year, commodity markets regulator Forward Markets Commission said in a statement. Much of the volumes were generated in energy items like crude oil, followed by metals and agricultural commodities.

However, there was a decline in trading volumes in gold and silver trade in the said period. As per the latest data released by FMC, the turnover from energy commodities increased sharply by 47 percent to Rs 7.14 lakh crore in the April-August 15 of this financial year, from Rs 4.87 lakh crore in the year-ago period. Similarly, the business from metals like copper increased by 14.59 percent to Rs 5.74 lakh crore from Rs 5.01 lakh crore, while the turnover from agri-items rose by 12 percent to Rs 5.10 lakh crore from Rs 4.55 lakh crore in the period under the review.

However, the turnover from bullion fell by 6.51 percent to Rs 7.44 lakh crore from 7.96 lakh crore in the said period. At present, three national level and six regional commodities exchanges are operating in the country.