 "Commexes' turnover rises 17% in April")
The turnover of commodity bourses rose 17 per cent to Rs 5.4 lakh-crore in April as compared to Rs 4.6 lakh-crore in the year-ago period, according to the Forward Markets Commission (FMC).
Barring bullion, trading volumes were high in metals, agriculture and energy items in the said period, FMC stated.
According to FMC data, the turnover from energy items such as crude oil increased 52 per cent to Rs 1.6 lakh-crore in April from Rs 1 lakh-crore a year ago.
However, the turnover from bullion declined about five per cent to Rs 1.6 lakh-crore in April of 2015-16 financial year, as against Rs 1.7 lakh-crore in the same month of previous year.
FMC also said that it was not considering renewal of recognition of regional bourse Surendranagar Cotton Oil and Oilseeds Association due to absence of receipt of any action plan for demutualisation and online trading and also on the grounds that there has been no progress on their plan for tie-up with National Commodity & Derivatives Exchange Limited . "Their proposal for renewal of recognition, which lapsed on March 31, 2014, is not being considered," FMC said.
Barring bullion, trading volumes were high in metals, agriculture and energy items in the said period, FMC stated.
According to FMC data, the turnover from energy items such as crude oil increased 52 per cent to Rs 1.6 lakh-crore in April from Rs 1 lakh-crore a year ago.
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Similarly, business from metals jumped about 20 per cent to Rs 1.15 lakh crore from Rs 95,195 crore, while that from agri-commodities rose 13 per cent to Rs 1 lakh-crore from Rs 96,167 crore in the period under review.
However, the turnover from bullion declined about five per cent to Rs 1.6 lakh-crore in April of 2015-16 financial year, as against Rs 1.7 lakh-crore in the same month of previous year.
FMC also said that it was not considering renewal of recognition of regional bourse Surendranagar Cotton Oil and Oilseeds Association due to absence of receipt of any action plan for demutualisation and online trading and also on the grounds that there has been no progress on their plan for tie-up with National Commodity & Derivatives Exchange Limited . "Their proposal for renewal of recognition, which lapsed on March 31, 2014, is not being considered," FMC said.