SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Commodity bourses turnover drops by 41% to 883,765 crore in July

12 Aug 2013 Evaluate

During the month of July, the turnover of commodity exchanges has dropped by 41% and stood at Rs 883,765 crore compared to business worth Rs 1,493,059 crore done in the same month last year, as per report compiled by the Forward Markets Commission (FMC). This decline was mainly on account of the imposition of commodity transaction tax (CTT) and a sharp dip in prices. Trade volumes have not only declined in bullion and base metals but also in processed food items like refined soya oil and guar.

As per the data compiled by regulator FMC, the turnover has fallen sharply on all five national bourses barring NMCE, where the business has risen by 72% to Rs 11,921 crore in July, as against Rs 6,940 crore in the same period previous year. On the other hand, the turnover at Multi Commodity Exchange (MCX) which has more than 80% market share in the commodity futures market, fell by 37.36% and stood at Rs 776,124 crore in July from Rs 1,239,043 crore in the year-ago period. The business at NCDEX, leading agri-commodity bourses, fell by 60.36% to Rs 84,209 crore from Rs 212,487 crore in the review period.

Further, the turnover at ACE Commodities and Derivatives, fall by whopping 88% to Rs 3,002 crore in July from Rs 24,951 crore in the same month previous year. Similarly, at ICEX, the turnover declined by 23% and stood at Rs 4,059 crore from Rs 5,260 crore in the review period. Besides, Universal Commodity Exchange, which commenced trading in April this year, reported the turnover of Rs 2,908 crore in July this year.

CTT of 0.01% has been made effective from July 1 on the futures trading of non-agri commodities and processed foods. The government has exempted 23 agricultural commodities from the new tax.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×