Sat, Apr 19, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Futures and Options, Trends more

India: Commodity derivative volumes shrink for first time; gold leads fall

Posted on 11 March 2013

India’s Rs 170-lakh-crore commodity futures market might end FY13 with its worst ever performance. So far, the daily average volumes on five commodity bourses have fallen by about four per cent, while aggregate annual volume is lower by 5.8 per cent, compared with the 50 per cent growth in the past three years. Total average daily trades, too, are lower by seven per cent against last year’s 70 per cent growth.
Shreekant Javalgekar, managing director and chief executive officer of MCX, said: “International exchanges such as CME and LME have seen a sharp fall in volumes due to lower volatility across commodity baskets. MCX has seen a much lower fall due to our sustained awareness campaign among SMEs and farmers’ cooperatives, etc………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 34624 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
S M T W T F S
« Mar    
 12345
6789101112
13141516171819
20212223242526
27282930