Turnover on comexes surges 9.82%

New Delhi, Mar 28 | Updated: Mar 30 2008, 04:56am hrs
The turnover of commodity exchanges in the country has surged by 9.82% to Rs 38,53,524 crore till March 15 in the current financial year against Rs 35,08,856 crore in the corresponding period last year. During March 1-15 period, the total turnover of three national level commodity exchanges and 20 regional bourses rose by 41.49% to Rs 2,57,675 compared to the year-ago period, the commodity market regulator Forward Markets Commission said in a statement.

FMC said that it has given permission to NCDEX to launch the December contract of carbon credit futures. While it has also allowed future trading in gold coin (8 gram). According to the FMC data, the turnover of the country's largest commodity bourse MCX stood at Rs 19,31,97.17 crore, while the leading agri-commodity exchange NCDEX recorded a business of Rs 55,069.71 crore. Other national level exchange Ahmedabad-based NMCE registered a turnover of Rs 2,670.60 crore.

Among the regional bourses, the Indore-based National Board of Trade, which basically deal in soya oil showed an impressive turnover of Rs 4,090.76 crore in the first fortnight of March. Of the traded commodities at MCX, gold, silver and crude oil recorded the highest volume, according to FMC, which releases the trade data every fortnight. The near month contract (April 2008) in gold quoted at its highest at Rs 13,050 per 10 gm on March 15 and the total value of trade in all gold contracts was Rs 71,062.80 crore. PTI

At NCDEX, soy oil trading surpassed chana with a turnover of Rs 10,736.21 crore. Chana recorded a business of Rs 8,293.83 crore.