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NEW DELHI: Buoyed by the bullion trade, the turnover of commodity exchanges in the country rose by 29 per cent to Rs 52,48,956 crore during 2008-09 fiscal against Rs 40,65,989 crore in the previous year.

The maximum business was seen in bullion with the turnover growing by 72.29 per cent at Rs 29,73,674 crore, while agricultural commodities witnessed a 33.36 per cent fall in turnover at Rs 6,27,303 crore in 2008-09, according to the latest data released by the commodity market regulator Forward Markets Commission (FMC).

The regulator attributed the fall in volumes in agri-futures to ban on few farm items like soya oil and the global economic downturn towards 2008-end. Meanwhile, business from energy and carbon credit trading rose by 17.82 per cent to Rs 16,47,978 crore during the review period, it said.

Interestingly, turnover of three national level commodity exchanges and 19 regional bourses soared by over 60 per cent at Rs 3,42,645 crore in the last fortnight of 2008-09 fiscal. - PTI

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