The Forward Markets Commission (FMC) has said turnover at the commodity futures market rose by 52% to Rs 105.92 lakh crore till February of this fiscal, on the back of of rise in participation in the futures trade of bullion and energy items.
The turnover at 23 commodity exchanges was Rs 69.72 lakh crore in the same period last year, FMC said in a statement.
The maximum turnover was seen in the futures trading of bullion, energy commodities like crude oil, metals like copper and also agricultural commodities, the commodity markets regulator said.
According to the FMC data, cumulative turnover from bullion trade was highest at Rs 48.20 lakh crore till February of this fiscal as against Rs 28.41 crore in the year-ago period.
The business from metals such as zinc rose by 54% to Rs 24.14 lakh crore from Rs 15.67 lakh crore, turnover from energy jumped by 42% to Rs 20.70 lakh crore from Rs 14.56 lakh crore, it said.
Business from agri commodities increased by 17% to Rs 12.87 lakh crore from Rs 11.03 lakh crore in the review period, it added.
MCX, NCDEX, ICEX, NMCE and ACE Derivatives and Commodity Exchange are the five leading national level commodity bourses in the country. There are also 18 regional level bourses in the country.
