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Commodity derivatives turnover surges 72%

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Newswire18 Mumbai
Last Updated : Feb 26 2013 | 12:24 AM IST
Commodity derivatives turnover rose 72 per cent on year to over Rs 30 trillion during the first 10 months of 2006-07 (April-March), according to the data released by the Forward Markets Commission.
 
The turnover for January 16-31 was Rs 1.45 trillion, up 11.6 per cent from Rs 1.30 trillion for the same period a year ago. However, it was down 2 per cent from January 1-15 figure of over Rs 1.47 trillion, the data said.
 
MCX, the country's largest exchange in terms of turnover, has registered slightly higher turnover at Rs 1.06 trillion, compared with Rs 1.05 trillion a fortnight ago. Gold remained the top traded contract on MCX followed by silver and copper.
 
However, January 1-15 turnover of the second largest exchange, National Commodity and Derivatives Exchange, fell to Rs 332 billion from Rs 363 billion in earlier fortnight, FMC said.
 
Guar seed has been the top traded contract followed by pepper and refined soybean oil, the data said. NCDEX turnover was down owing to the delisting of tur and urad futures from January 24.
 
The third national exchange National Multi-Commodity Exchange registered a turnover of Rs 12 billion, down 20 per cent from Rs 15 billion a fortnight ago.

 
 

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First Published: Feb 09 2007 | 12:00 AM IST

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