Turnover slows down first time in five years: FMC

 Turnover in major exchanges slowed down for the first time in last five years.

The forward Markets Commission (FMC) data for the fiscal year ending 2012-13 showed that the turnover of commodity exchanges declined by 6 per cent  to Rs 170.46 lakh crore in the last fiscal.

The main reason behind slowdown was the lower participation of Gold and Silver trades.

The turnover of commodity bourses was Rs 181.26 lakh crore in 2011-12. Heavy volatility in Gold and Silver prices affected the volumes in these commodities.

Business of Crude oil grew by 32 per cent to Rs 37.68 lakh crore in 2012-13 compared to Rs 28.51 lakh crore in 2011-12.

Turnover of Copper was Rs 32.6 lakh crore in 2012-13, up 13 per cent from Rs 28.61 lakh crore in 2011-12.