Despite the government?s suspension of futures trading in eight agricultural commodities, the turnover of the three national commodity exchanges and 19 regional bourses increased by more than 27%.
The cumulative turnover recorded Rs 1,91,663 crore during the first forthnight of June 2008 up from Rs 1,50,796 crore recorded same period last year.
According the data released by the market regulator Forward Markets Commission (FMC), the total volume of trade during the April 1 and June 14 also rose by more than 16% compared to last year. The cumulative volume, during the current fiscal, went up to Rs 8,93,438 lakh against Rs 7,6606 lakh recorded last year.
During the first forth-night period, the turnover of the Multi Commodity Exchange (MCX) recorded Rs 168,299 crore against a turnover of Rs 20,638 crore National Commodity & Derivatives Exchange (NCDEX). The other national level exchange Ahmedabad-based National Multi-Commodity Exchange of India (NMCE) registered a turnover of Rs 1,009 crore.
According to FMC, out of 22 traded commodities at MCX, gold, sliver and crude oil recorded the highest volume, the FMC said.
The August 2008 contract in gold quoted at its highest at Rs 12,628 per 10 gm on June 9 and the total value of trade in all gold contracts was Rs 58,364 crore. The silver turnover stood at Rs 30,705 crore and crude oil recorded Rs 58,197 crore during first fortnight of June, the FMC data said.
At NCDEX, out 27 commodities traded, R/M seed, turmeric and guar seed had the higher volumes of trade. While at NMCE, sacking, mustard and Isabgul seeds witnessed higher volumes.
During the period, the MCX was given permission in new contracts on maize, nickel and platinum, while NMCE was given new contact for coconut oil and Merrut Agro Commodities Exchange was given contact for jaggery (gur).