Agriculture News : Prices Agriculture Commodities Gained Substantially in Volatile Trade

The turnover of MCX was up eight per cent at Rs. 2.63 lakh crore in the financial year ended March 2016, which was Rs. 2.44 lakh crore recorded in the same period last year.

Agriculture-focused commodity exchange NCDEX recorded 12 per cent increase in its turnover at Rs. 47,550 crore (Rs. 42,500 crore).

NMCE, which is dependent largely on three commodities – rubber, RM seed and guarseed – registered an 18 per cent drop in turnover at Rs. 1,363 crore (Rs. 1,672 crore) due to lack of liquidity.

Prices of few agriculture commodities such as turmeric, soyabean, chana, jeera and sugar gained substantially in volatile trade during the second half of the fiscal.

The volatility and price rise in castor seed was so high that the NCDEX had to suspend trading in the contract abruptly in January.

Source:http://www.thehindubusinessline.com