MUMBAI (Commodity Online): Commodity futures trading is booming in India's commodity exchanges. While futures trading in agricultural commodities zoomed by 71% till October, the bullion business on the bourses have come down.

According to the apex commodities regulator, the Forward Markets Commission (FMC), the combined turnover of 22 commodity exchanges surged by 34 per cent to Rs 40,04,831 crore till October this financial year despite a fall in the bullion trade.

The turnover of the exchanges stood at Rs 29,86,762 crore in the corresponding period last year, it said in a release.

The turnover from agri-commodities rose by 71.14 per cent to Rs 6,31,008 crore, while from other commodities such as natural gas rose by over 85 per cent to Rs 1,870,216 crore between April and October this ye ar.

However, the business from bullion trade fell marginally by 6.73 per cent to Rs 15,03,607 crore in the review period.

During October 16-31, the total turnover of three national exchanges and 19 regional exchanges increased by 79.82 per cent to Rs 3,45,043 crore as compared to the year-ago period, a fortnightly report of the FMC said.

The turnover of the leading commodity exchange MCX stood at Rs 2,85,830 crore, while the agri-commodity bourse NCDEX recorded a business of Rs 45,713 crore during the period.

Other national level exchanges and the Ahmedabad-based NMCE registered a turnover of Rs 10,031 crore.

Among the regional bourses, Indore-based National Board of Trade showed an impressive turnover of Rs 2,278 crore in the second fortnight of October.

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