NEW DELHI (Commodity Online): Futures trading in agri commodities registered a significant growth of 48% in 2009 to Rs 1088 lakh crore as against the previous years, said India’s Economic Survey 2009-10.

Futures trading in agri commodities were stagnant about two years as the government imposed ban on some agri commodities from trading in futures.

In December 2008, the government lifted suspension on futures trading in chana, soya oil, rubber and potato, while the ban on wheat was lifted in May 2009. Turnover from agri-futures alone rose 48% to Rs 10.88 lakh crore in 2009 from Rs 5.22 lakh crore in the previous year, it said.



According to the survey, total value of trade in the commodities futures market rose to Rs 70.90 lakh crore in 2009 from Rs 50.34 lakh crore in 2008.

The Multi Commodity Exchange (MCX) recorded the highest turnover of Rs 59.56 lakh crore in 2009, followed by NCDEX at 8.05 lakh crore and NMCE at 1.95 lakh crore, it said.

Farm commodities, bullion and energy accounted for a large share of the items traded in the commodities futures market last year.

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