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The Forward Markets Commission (FMC) has said that the turnover at the commodity futures market rose 52 per cent to Rs 105.92 lakh crore till February this fiscal, on the back of rise in participation in the futures trade of bullion and energy items.
The turnover stood at Rs 69.72 lakh crore at 23 commodity exchanges 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.
According to the FMC data, cumulative turnover from bullion trade was highest at Rs 48.2 lakh crore till February this fiscal against Rs 28.41 crore in the year-ago period.
Turnover from metals such as zinc rose 54 per cent to Rs 24.14 lakh crore from Rs 15.67 lakh crore and energy 42 per cent to Rs 20.70 lakh crore from Rs 14.56 lakh crore. Business from agri-commodities increased by 17 per cent to Rs 12.87 lakh crore from Rs 11.03 lakh crore, the FMC 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.
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