Commexes turnover seen at Rs 110L cr

Commodity bourses' turnover rose 53% to Rs 72 lakh crore in the first eight months to Nov.

Forward Markets Commission (FMC) said the turnover of the commodity exchange is expected to touch Rs 110 lakh crore in FY11.

“The turnover of commodity exchanges is expected to be around Rs 110 lakh crore during April 2010-March 2011 period,as compared to Rs 77.5 lakh crore registered in the previous year,” FMC Chairman B C Khatua said.

Indian commodity bourses’ turnover rose 53.4 per cent on year to Rs 72 lakh crore in the first eight months to November.

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Bullion trade rose by 79.78 per cent in value terms to Rs 32 lakh crore,and metals futures trade rose 66.56 per cent to Rs 17 lakh crore in the April-November period,while volumes in agri commodities rose by a little over 9 per cent.

“The growth in agri sector remained slow this year as compared to last year,when we saw significant growth,” Khatua said.

However,trading in gold and other bullion products,which were subdued last year,have become active due to high volatility.

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Forward Markets Commission

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