Despite the government?s imposition of a ban on the trading of futures of eight commodities, the turnover of 22 commodity exchanges registered a rise of more than 33% till July 15. The turnover went up to Rs 13,53,173 crore against Rs 10,14,845 crore during the corresponding period in 2007-08. According to data released by commodity-market regulator, the Forward Market Commission (FMC), during July 1-15 the total turnover of all 3 national commodity exchanges and 19 regional exchanges in the country doubled to Rs 2,36,846 crore from Rs 1,17,028 crore recorded in the same period in the previous year.
Of this, 87.90% was contributed by the Multi-Commodity Exchange (MCX) alone, an FMC statement said. According to FMC data, the turnover of the MCX stood at Rs 2,09,076 crore, while leading agri -commodity bourse, NCDEX, recorded a business of Rs 26,983 crore. Among other national0level exchanges the Ahmedabad-based NMCE registered a turnover of Rs 1,036 crore. Among regional bourses, the Indore-based National Board of Trade showed an impressive turnover of Rs 498.45 crore in the first fortnight of July. At MCX, crude oil and silver recorded the highest volumes, the FMC release said.