Millennium Post

Commexes’ total FY15 turnover dips 41% till February 15

The turnover of the commodity exchanges fell by 41.42 per cent to Rs 53.92 lakh crore during the April-February 15 period of the current fiscal on sharp decline in the trading volumes of most commodities, according to the Forward Markets Commission (FMC).

Total business at the exchanges platform had stood at Rs 92.05 lakh crore in the same period of corresponding year, the regulator FMC said in its latest fortnightly report.

The trading volumes fell in most commodities including bullion, base metals, energy and agriculture.
According to the FMC data, the turnover from bullion declined by 52 per cent to Rs 19.15 lakh crore in the April-February 15 period of the 2014-15 fiscal from Rs 39.72 lakh crore in the year-ago period.

Similarly, the business from energy items like crude oil declined by 37 per cent to Rs 14 lakh crore from Rs 22.45 lakh crore.
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