Commodities

Commexes’ turnover jumps 17.55% to Rs 29 lakh cr in April-August

PTI New Delhi | Updated on January 22, 2018 Published on September 08, 2015

Turnover of the commodity exchanges rose 17.55 per cent to Rs 28.75 lakh crore in the April-August period of the current fiscal due to a sharp jump in trade volumes in crude oil and other metals.

The Forward Markets Commission (FMC) said today that the exchanges had generated a business of Rs 24.46 lakh crore in the same period last year.

Much of the turnover was from energy basket, especially crude oil, followed by metals and agri-commodities.

According to FMC, turnover from energy items rose almost 50 per cent to Rs 8.04 lakh crore in April-August of the 2015-16 fiscal from Rs 5.37 lakh crore a year-ago.

Similarly, the business from metals increased by 19 per cent to Rs 6.49 lakh crore from Rs 5.45 lakh crore, while the turnover from agri-commodities rose 12.73 per cent to Rs 5.61 lakh crore in the said period.

However, the turnover from bullion declined marginally to Rs 8.60 lakh crore till August from Rs 8.65 lakh crore a year-ago.

The government has notified the merger of FMC with the capital markets regulator SEBI from September 28. SEBI will oversee the functioning of commodity exchanges.

Currently, there are three national and six regional commodity exchanges operating in the country.

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Published on September 08, 2015
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