13.07.2015 - India: After 2 years, commodity futures market back in black
After a gap of two years, the commodity futures market turned positive in the first three months (April-June) of the current fiscal, spurred by news about a deficient monsoon. However, bullion and other metals saw a bad quarter due to global factors. According to data on various commodity exchanges prepared by the Forward Markets Commission (FMC), total commodity futures trading grew by 15.8 per cent during April-June. During the quarter, the maximum volumes were generated in energy items, such as crude oil, followed by agricultural and metal items. Food items such as chana, refined soya oil, jeera and rapeseed/mustard seed contributed a major share to the total value of trade in agricultural commodities, in non-food items, castorseed and guarseed contributed a big share in the commodity futures trading...............................................Full Article: Source
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