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SummaryTurnover of 21 commodity exchanges has risen only marginally to about R63 lakh crore till August 15 of the current fiscal on account of sluggish trade in bullion, according to the Forward Markets Commission.

Commexes turnover up at R63 lakh crore

Turnover of 21 commodity exchanges has risen only marginally to about R63 lakh crore till August 15 of the current fiscal on account of sluggish trade in bullion, according to the Forward Markets Commission (FMC). These bourses had done business worth R62.06 lakh crore in the same period last year, FMC said in its latest report. The overall turnover of the exchanges was not impressive as business from gold and silver futures remained down by over 20% at R28.88 lakh crore during the April-August 15th period of the 2012-13 fiscal, from R36.15 lakh crore in the same period last year. Whereas the turnover from agriculture, energy and other metals showed some improvement.

Coffee exports down 10%

India’s coffee exports fell by 10% to 1,49,426 tonne in the first 5 months of the current fiscal, the Coffee Board of India has said. The country had shipped 1,65,498 tonne of the brew in the April-August period of the 2011-12 fiscal. In terms of earnings, exports fell marginally to R2,258.73 crore in April-August this fiscal from R2,248.62 crore in the year-ago period. In US Dollars, earnings declined by 12% to $439.39 million from $501.41 million in the reviewed period. In the first 11 months of the current coffee year, the exports were down by 7% to 3,06,238 tonne, compared to 3,28,867 tonne in the October-August period of the 2010-11 coffee year (October-September).

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