Spurred by agri futures, the turnover of 22 commodity exchanges in the country surged by 45 per cent to Rs 4,89,988 crore in the first month of the current financial year against Rs 3,37,814 crore in the same month last year, the Forward Markets Commission (FMC) said on Wednesday.
Futures trading in agricultural commodities picked up in April 2009-10, with business volumes rising to Rs 85,828 crore from Rs 57,842 crore in a year-ago period, the commodity market regulator FMC said in a statement. While bullion trade grew by 27.35 per cent to Rs 2,16,286 crore from the previous year, it said.
Trade volume and investors’ participation in the futures trading in farm commodities had been impacted last year due to a ban on potato, chana, rubber and soyoil in 2008, which was lifted after six months.
During April 16-30, the turnover of the leading exchange MCX stood at Rs 2,03,866 crore while the leading agri-commodity bourse NCDEX recorded a business of Rs 37,474 crore, FMC, which releases data every fortnight, said.
Other national level exchange, Ahmedabad-based NMCE, registered a turnover of Rs 6,983 crore, it said.
Among the regional bourses, the Indore-based National Board of Trade, which basically deal in soyoil showed an impressive turnover of Rs 3,047 crore in the second fortnight of April.
Of the traded commodities at MCX, gold, crude oil and copper recorded the highest volume, the data showed. The near month contract (June 2009) in gold quoted at its highest at Rs 14,800 per 10 gram on April 27 and the total value of trade in all gold contracts was Rs 76,051 crore. Crude oil turnover at MCX was Rs 42,059 crore while copper trading was Rs 34,777 crore.
At NCDEX, soyoil, guarseed and rape-mustard seed had the highest volumes of trade. Soyoil trading surpassed the rape-mustard seed with a turnover of Rs 5,971 crore. Rape-mustard seed recorded a business of Rs 5,574 crore.
