The turnover of the commodity futures market is estimated to have risen by 53 per cent to Rs 119 lakh crore in 2010-11 on the back of higher volumes in bullion and energy items, according to the regulator FMC.
The total business of the commodity futures market in 2009-10 was at Rs 77.64 lakh crore, it said.
"The combined turnover is estimated to have touched Rs 119 lakh crore in the 2010-11 financial year," Forward Markets Commission (FMC) Chairman B C Khatua told PTI.
The turnover in FY'11 till March 15 rose Rs 112.86 lakh crore, of which business from bullion was Rs 51.70 lakh crore, energy at Rs 25.50 lakh crore and farm items at Rs 13.63 lakh crore, the regulator said.
Khatua mentioned that much of business has come from gold, silver and other energy and metal commodities as trading volumes in these products were higher this year following volatility.
While the turnover from farm items has risen by 17-18 per cent from the previous year and there is still scope for improving participation in agricultural trade, he added.
According to FMC, the average monthly turnover has rose to Rs 10 lakh crore from Rs 7 lakh crore in the review period.
At present, there are five national commodity exchanges -- MCX, NCDEX, NMCE, ICEX and ACE Commodities and Derivative -- and 18 regional exchanges in the country. About 80 per cent of total turnover of commodity futures market comes from MCX.