CP UPDATE: COMMODITY EXCHANGES SLIPS BY 11%

The turnover of Commodity exchanges in India has declined by over 11% in the first fortnight of May due to range-bound movement of commodity prices in both agri and non-agri sectors. The levy of the commodity transaction tax (CTT) and traders’ growing interest in riskier assets like equity market have also added additional pressure.

As per report compiled by the Forward Markets Commission (FMC), which is the commodity derivatives markets regulator, showed that all national-level commodity futures exchanges had generated a turnover of Rs 6,17,813.80 crore between May 01 and May 15 this year compared to Rs 6,96,610.72 crore in the corresponding period last year.

 

 

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