| Log in

Indian commodity bourses see turnover sink 59% in Apr-Aug’14

By PTI
22 September, 2014

The turnover of the commodity bourses fell by about 59 per cent to 24.46 lakh crore during the April-August period of this fiscal on sharp decline in bullion and energy futures, according to the latest FMC data.

The exchanges had generated a business of Rs 58.98 lakh crore in the same period last year.

There has been decline in the trading volumes in almost all commodities in the bourses. Maximum fall in turnover has been witnessed in bullion, energy, base metals and farm items.

According to latest data released by regulator, Forward Markets Commission (FMC), the turnover from bullion declined by 67.55 per cent to Rs 8.65 lakh crore during April-August of the 2014-15 fiscal from Rs 26.66 lakh crore in the year-ago.

Similarly, the business from energy items like crude oil fell by over 64 per cent to Rs 5.37 lakh crore from Rs 14.97 lakh crore, while the turnover from base metals like copper dropped by 51 per cent to Rs 5.45 lakh crore from Rs 11.10 lakh crore in the review period.

The business from agricultural commodities also declined by over 20 per cent to Rs 4.98 lakh crore during the April-August period of this fiscal, as against Rs 6.23 lakh crore in the corresponding period last year.

Experts said the trading volumes have taken a hit since the imposition of the commodity trading tax and the Rs 5,600 crore scam at the National Spot Exchange Ltd (NSEL).

Currently, MCX, NCDEX, NMCE and ACE are operating at national level, while the rest five at regional level.


Leave Your Comment
Commexes' Q1 turnover dips 65%: FMC

Commexes’ Q1 turnover dips 65%: FMC

PTI 3 years ago
The turnover of commodity exchanges fell sharply by 65 per cent to Rs 14.55 lakh...
FMC comes out with measures to boost liquidity in commodity market

FMC comes out with measures to boost liquidity in commodity market

PTI 3 years ago
Amid sharp decline in turnover of the commodity exchanges, regulator FMC has...
Private placement of bonds up 67% in H1

Private placement of bonds up 67% in H1

PTI 2 years ago
Indian companies have garnered a staggering Rs 2.43 lakh crore through private...
No Comments

Indian commodity bourses see turnover sink 59% in Apr-Aug’14

Powered by WordPress.com VIP