New Delhi, Sept. 11 (PTI): The turnover of commodity exchanges in the country dropped by five per cent to Rs 14,83,273 crore till August 31 in the current fiscal against Rs 15,63,096 crore in the corresponding period last year.
According to data released by commodity market regulator Forward Markets Commission, futures trading in three national level commodity exchanges and 20 regional bourses stood at Rs 1,57,919.86 crore during the second fortnight of last month, down by 3.39 per cent, compared to the year-ago period.
During August 16-31 period, the turnover of leading bourse MCX stood at Rs 117,111.19 crore, while another agri- commodity bourse NCDEX recorded a business of Rs 35,173.45 crore. The other national level exchange, Ahmedabad-based NMCE, registered a turnover of Rs 675.65 crore.
The ban on futures trading of wheat and some pulses has hit hard on the trade of agri commodities.
Among regional bourses, Indore-based National Board of Trade, which mainly deals in soya oil, showed an impressive turnover of Rs 3,486.37 crore in the second fortnight of August.
Of the traded commodities at MCX, gold, copper and silver recorded the highest volume, according to FMC, which releases the trade data every fortnight.
The near month contract (August 2007) in gold quoted at its highest at Rs 8,950 per 10 gm on August 31 and the total value of trade in all gold contracts was Rs 8,786 crore. Copper turnover at MCX was Rs 24,499.68 crore, while silver trading was Rs 25,376 crore.
At NCDEX, guar seed trading surpassed the precious gold with a turnover of Rs 9,870.93 crore. Gold recorded a business of Rs 3,657.62 crore.
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