Comexes' turnover jumps 24 pc in 2008-09 | business | Hindustan Times
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Comexes' turnover jumps 24 pc in 2008-09

business Updated: Mar 29, 2009 10:49 IST

Trading volumes in the country's commodity futures market rose 24.35 per cent to Rs 49,07,310 crore during 2008-09 financial year till March 15 against Rs 38,53,524 crore in the corresponding period last year.

Turnover of three national level commodity exchanges and 19 regional bourses rose by two per cent to Rs 262,000 crore during the first fortnight of March, compared with Rs 257,000 crore in the same period a year-ago, data from regulator Forward Markets Commission (FMC) showed.

Gold, crude oil, silver and copper witnessed the maximum volumes in the energy and metals pack, while soyabean, turmeric, soya oil and guar seed were the highest traded agri-commodities during the period, data showed.

During March 1-15 period, total turnover in bullion trading jumped by 25.85 per cent to Rs 156,000 crore, while that in agri commodities fell 55.43 per cent to Rs 30,518 crore.

The turnover of the country's largest commodity exchange MCX stood at Rs 2,30,593 crore, while the leading agri-commodity bourse NCDEX recorded a business of Rs 19,815 crore. Other national level exchange Ahmedabad-based NMCE registered a turnover of Rs 8,128 crore.

Among the regional bourses, the Indore-based National Board of Trade, which basically deal in soya oil showed an impressive turnover of Rs 2,772 crore in the first fortnight of March.