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No proposal to ban forward trading in essential commodities: India Govt

Posted on 02 March 2011

From Myiris.com: The Government said there is no proposal to ban forward trading in essential commodities. In a written reply in the Lok Sabha today, the Minister of state for Consumer Affairs, Food and Public Distribution K V Thomas said a report submitted by a committee constituted by the government had said that forward trading was not the reason for inflation in the prices of commodities in the country.

Thomas said report found that inflation was primarily due to structural constraint in augmenting supplies coupled with rising demand in a fast growing economy…………………………………….Full Article: Source

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