Commodities

Commexes turnover up 64% in 2nd fortnight of Jan

PTI New Delhi | Updated on February 14, 2011

The turnover of commodity exchanges in the country rose by 64 per cent to Rs 5,63,264.81 crore in the second fortnight of January on the back of increased trade in energy, bullion and farm items, according to data compiled by the Forward Markets Commission (FMC).

The total value of trade on commodity exchanges stood at Rs 3,42,634.72 crore in the year-ago period, the FMC data shows.

During the April-January period this fiscal, the turnover of the commodity exchanges went up by 51 per cent to Rs 94,25,601 crore from Rs 62,33,824 crore in the corresponding period of the previous fiscal.

In the second fortnight of January, trade in the energy segment more than doubled vis-a-vis the year-ago period to Rs 1,02,714 crore, while bullion trade witnessed an increase of 79 per cent to Rs 2,63,085.4 crore.

The turnover in the agri-commodities segment also rose by 47 per cent to Rs 76,658.32 crore.

At present, there are five national commodity exchanges - MCX, NCDEX, ICEX, NMCE and ACE - and 16 regional exchanges operating in the country.

Published on February 14, 2011

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like