Commodity futures clock lowest turnover in 3 years

The benchmark BSE Sensex posted strong returns of 28% in 2017 at its closing of 34,056 on December 29

The year 2017 was the worst in three years for commodity exchanges due to migration of participants to better performing asset classes like equities and reduced price volatility in global commodities.

After two calendar years of marginal growth, the daily average turnover (DAT) on commodity exchanges declined by 15 per cent, primarily driven by a similar fall in the DAT of market leader the Multi Commodity Exchange of India (MCX). Total DAT of commodity exchanges, including MCX, National Commodity & Derivatives Exchange (NCDEX) and National Multi Commodity Exchange (NMCE), reported a decline of 15 per cent from Rs 26,311 crore in