The futures trading turnover in agri commodities in India's leading commodity exchanges is coming down.
The turnover of National Commodity & Derivative Exchange Ltd for May came down to Rs 75,662.11 crore (Rs 756.62 billion) compared to the April turnover of Rs 93,361.42 crore (Rs 933.61 billion).
The turnover in agri-commodities in Multi Commodity Exchange declined of over 15 percent to Rs 7156.04 crore (Rs 71.56 billion) in May from Rs 8541.85 crore (Rs 85.41 billion) in April.
Officials in the commodity bourses sire many reasons for the dip in agri-commodities turnover.
First, majority of the agri-commodities traded lower in volumes during May as compared to the month before that. Volumes of all major agri-commodities, such as chana, guar, mentha, potato, turmeric, castor seed, chilli, jeera, maize, mustard seed and pepper, traded much lower in May than in April.
Also, the number of traded contracts was much less in May, falling by as much as 53 per cent in the case of chilli.
Officials said frequent changes in margins, ban on trading in some commodities, stock limit by state governments, delay in permitting options trade in commodities and many other regulations have made futures trading trading in agricultural commodities tough.
