The total turnover at commodity exchanges rose 16.63% to Rs 11.11 lakh crore in the first two months of the current fiscal year, as per data compiled by Forward Markets Commission (FMC). This was on account of higher trade volumes in energy and agri-commodities. There are four national level bourses - MCX, NCDEX, NMCE and ACE, and six regional level players. These exchanges had done business worth Rs 9.52 lakh crore in the April-May period of last fiscal year (2014-15). The maximum volumes were generated in energy items like crude oil, followed by agricultural and metals.
The turnover from energy items like crude oil rose 55% to Rs 3.22 lakh crore till May of this fiscal year from Rs 2.07 lakh crore in the year-ago period. Similarly, business from agricultural commodities increased 17.44% to Rs 2.27 lakh crore from Rs 1.93 lakh crore while turnover from metals like zinc and copper rose 16.67% to Rs 2.35 lakh crore from Rs 2.01 lakh crore.
However, the turnover from bullion declined 6.64% to Rs 3.26 lakh crore in April-May of this fiscal year as against Rs 3.49 lakh crore in a year-ago period.
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