New Delhi: On the back of an increase in the participation of agriculture and other commodities, the turnover of 23 commodity exchanges posted 50 per cent year-on-year growth in the April-February period of the current fiscal, to touch US$ 1.53 trillion, according to the commodity markets regulator, Forward Markets Commission (FMC).

Data released by the FMC showed that future trade in farm items including soy oil, mustard seed, guarseed, soyabean, as well as commodities such as energy and crude oil, accounted for a large part of the business.

The agri-commodity exchange, National Commodity & Derivatives Exchange, saw business increase by 69 per cent to touch US$ 183.43 billion, in the period under review. Since its launch in November 21, 2009, ICEX generated business worth US$ 22.29 billion. Meanwhile the turnover of the National Board of Trade has increased to over US$ 5.5 billion in the current fiscal.