National Commodity Exchanges Reports 99% Turnover Growth

Mumbai: National commodity exchanges have recorded 99 per cent growth in their turnover at Rs 40.72 lakh crore for the financial year ended March 31compared with Rs 21.34 lakh crore during the same period of the previous year. MCX has kept its leadership over other national commodity exchanges by reporting 138 per cent increase in turnover at Rs 22.93 lakh crore (Rs 9.61 lakh crore). MCX daily average turnover in FY07 was Rs 9,463 lakh crore. NCDEX recorded 7 per cent growth at Rs 11.67 lakh crore (Rs 10.91 lakh crore), while that of NMCE was Rs 1.17 lakh crore. Regional commodity exchanges have logged in Rs 1.2 lakh crore in FY07.