| The sharp fall in commodity prices is taking its toll on the Multi Commodity Exchange of India Ltd’s volumes. In the just-concluded April-June quarter, the exchange has registered a mere 8.4% year-on-year (y-o-y) growth in volumes in value terms. In the preceding five quarters, the company on an average saw a 61.9% growth in volumes.
The deceleration in volume growth has coincided with the fall in commodity prices. As silver prices eased from Rs. 56,000 a kilogram (kg) in April this year to Rs. 52,000 by end June, volumes (kg) in the segment saw a 3.8% sequential drop in June quarter...............................................Full Article: Source
|