Comexes' turnover up 17% in Apr-May

These exchanges did business worth Rs 9.52 lakh crore in April-May 2014-15

Total turnover of the commodity exchanges rose by 16.63% to Rs 11.11 lakh crore in the first two months of the current fiscal on account of higher trade volumes in energy and agri-commodities, according to the Forward Markets Commission (FMC).

These exchanges had done business worth Rs 9.52 lakh crore in the April-May period of last fiscal, 2014-15, the commodity markets regulator FMC said in its latest report.

Maximum volumes was generated in energy items like crude oil, followed by agricultural and metals.

As per the FMC data, the turnover from energy items like crude oil rose by 55% to Rs 3.22 lakh crore till May of this fiscal from Rs 2.07 lakh crore in the year-ago period.

Similarly, business from agricultural commodities increased by 17.44% to Rs 2.27 lakh crore from Rs 1.93 lakh crore, while the turnover from metals like zinc and copper rose by 16.67% to Rs 2.35 lakh crore from Rs 2.01 lakh crore in the said period.

However, the turnover from bullion declined by 6.64% to Rs 3.26 lakh crore in April-May of this fiscal as against Rs 3.49 lakh crore in a year-ago.

There are four national level bourses -- MCX, NCDEX, NMCE and ACE, and six regional level players.