There has been a massive decline in turnover of commodity exchanges . During the first half of April, 5 national and 16 regional commodity exchanges of country had made a turnover of Rs 2.37 lakh crore . But in the same quarter last year nearly 8 million turnover had made. Thus ,year by year commodity market trading has been reduced by 70 percent.
On an annual basis in the first half of April, MCX turnover slipped by 72 percent while NCDEX turnover slipped by 45 percent.Despite of the trading in Agri, commodity exchanges doesn't geta relief . But due to closing in saturday's trading , the turnover has made an impact .And apart from this due to two additional holiday the trading business dropped.
On an annual basis in the first half of April, MCX turnover slipped by 72 percent while NCDEX turnover slipped by 45 percent.Despite of the trading in Agri, commodity exchanges doesn't geta relief . But due to closing in saturday's trading , the turnover has made an impact .And apart from this due to two additional holiday the trading business dropped.
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