Commexes turnover falls by 14% in 1st fortnight of Aprilhttps://indianexpress.com/article/news-archive/web/commexes-turnover-falls-by-14-in-1st-fortnight-of-april/

Commexes turnover falls by 14% in 1st fortnight of April

Total turnover of commodity exchanges declined by nearly 14 per cent during the first fortnight of this month to Rs 5.13 lakh crore on account of thin trade in bullion and energy.

Total turnover of commodity exchanges declined by nearly 14 per cent during the first fortnight of this month to Rs 5.13 lakh crore on account of thin trade in bullion and energy.

“Total value of trading at the commodity exchanges during the fortnight,April 1,2012 to April 15,2012,was Rs 5,13,051.68 crore. The corresponding figures for the fortnight in the previous year was Rs 5,93,198.82 crore,” the Forward Markets Commission (FMC) said in a report.

In the last fiscal,the turnover of 21 commodity exchanges had jumped by about 52 per cent to Rs 181.26 lakh crore as against Rs 119.48 lakh crore in 2010-11.

According to the data,trade in bullion dropped by 27.3 per cent during the first fortnight of April to stood at Rs 2.39 lakh crore,against Rs 3.29 lakh crore the same period last year.

Advertising

Similarly,volume of trade in energy fell by 8.25 per cent to Rs 83,006 crore during the period under review,from Rs 90,468 crore in the year-ago period.

However,trade volume in farm commodities jumped by 20 per cent to Rs 77,667.25 during April 1-15,from Rs 64,681 crore in the year-ago period,even as the regulator imposed higher margins on many agri items.

Total value of trade in metals other than bullion during the fortnight stood at Rs 1.13 lakh crore as against 1.08 lakh crore in the year-ago period.