The turnover of
commodity bourses has declined 4.5 per cent to Rs 94.72 lakh crore till October
15 this fiscal due to sluggish investor participation in gold and silver
futures, according to regulator FMC.
The exchanges had
clocked a turnover of Rs 99.18 lakh crore in the year-ago period.
Except for bullion,
there was substantial increase in the turnover of energy, metals and
agricultural commodities during the period under the review, the Forward
Markets Commission (FMC) said on its website.
The business from
energy items like crude oil rose by 42 per cent to Rs 20.79 lakh crore during
the April-October 15 period of the 2012-13 fiscal, against Rs 14.61 lakh crore
in the same period corresponding year.
While turnover from
metals like copper increased 23 per cent to Rs 17.29 lakh crore from Rs 14.10
lakh crore, the business from farm items rose by 28 per cent to Rs 12.88 lakh
crore from Rs 10.09 lakh crore in the period under the review, according to the
FMC data.
However, turnover
from bullion fell 28 per cent to Rs 43.75 lakh crore during the period, from Rs
60.36 lakh crore a year ago.
On falling business
volumes, FMC Chairman Ramesh Abhishek had recently said that the regulator was
"more concerned about quality of turnover not on quantity".
At present, the
country has five national and 16 regional level commodity exchanges in the
country. Recently, the FMC gave approval to the Universal Commodity Exchange to
operate as a national bourse.
