Commexes turnover dips by 4.5% in Apr-Oct
These exchanges had made a business of R106.36 lakh crore in the same period last year, the commodity markets regulator FMC said in a statement. Barring bullion, there was substantial jump in the turnover of energy, metals and farm items during the period under the review, the FMC said.
Business from energy items like crude oil rose by 42 per cent to R22.51 lakh crore during the April-October period of the 2012-13 fiscal, as against R15.84 lakh crore in the same period last year.
While the turnover from metals like copper increased by 21.25% to R18.73 lakh crore from R15.45 lakh crore, business from farm items rose by 27.51% to R13.81 lakh crore from R10.83 lakh crore in the period under the review, according to the FMC data.
However, the turnover from bullion fell by 27.63% to R46.48 lakh crore till October of the current fiscal from R64.23 lakh crore in the year-ago. The regulator said special margins to the tune of 20% have been removed effective from October 20 on turmeric traders keen to buy the commodity through November and December contracts on the NCME and NMCE platforms.
FMC also said the government's advisory panel, which met for the first time on October 16, has suggested relaunch of guar futures, which were banned since March
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