Commexes' turnover jumps by 50% during Apr-Feb FY10

The total turnover of 23 commodity exchanges jumped by around 50 per cent to Rs 73,50,974 crore till February 15 in 2009-10, the Forward Markets Commission (FMC) said today. The total turnover of the commodity exchanges was Rs 49,07,310 crore in the same period last fiscal. The maximum turnover was seen in farm items such as guarseed, chana, soyabean and soy oil as well as commodities such as energy and crude oil, the data released by commodity markets regulator FMC showed. Among 23 commodity bourses, the turnover of leading bourse MCX jumped by 41.61 per cent to Rs 60,75,989 crore during the period this fiscal compared to Rs 42,90,537 crore in the same period last year. The business of leading agri-commodity bourse NCDEX increased sharply by 70 per cent to Rs 8,71,478 crore from Rs 5,12,576 crore, while that of NMCE scaled up by four-fold to Rs 2,06,886 crore from Rs 47,753 crore in the review period, the data showed. The new entrant ICEX made business of Rs 1,16,682 crore since the launch of the exchange on November 21, 2009. The turnover of regional exchange National Board of Trade rose sharply to over Rs 27,000 crore so far this fiscal. There are four national and 19 regional exchanges in the country.