Millennium Post

Farming & bullion pull down commexes’ turnover slightly

The turnover of the commodity bourses declined marginally to Rs 34.36 lakh crore till 15 June of the current fiscal as volumes fell in agricultural commodities as well as in bullion, according to the Forward Markets Commission (FMC).

The exchanges had made a business of Rs 34.42 lakh crore in the same period last year. Barring energy futures, trading volumes in farm items, gold, silver and other metals remained lower in the said period, commodity markets regulator FMC said in a statement.

According to the FMC, the turnover from energy items like crude oil increase by 33 per cent to Rs 8,50,017 crore between April and 15 June of the current fiscal, as against Rs 6,39,455 crore in the same period corresponding year.  However, the business from agricultural commodities declined more than 25 per cent to Rs 3,11,377 crore from Rs 4,16,393 crore, while the turnover from metals fell by over six per cent to Rs 6,55,408 crore from Rs 6,98,206 crore in the review period.
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