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Commodities Briefing - Categorized | Market Moves, Trading more

FMC suggests review of easy credit for trading in commodities

Posted on 25 October 2012

Commodities market regulator Forward Markets Commission (FMC) has suggested reviewing of easy credit by banks and other institutions for trading in commodities like guar, in a bid to curb speculation. In the final report on ‘Analysis of price movement and trading in guar complex” submitted to the Consumer Affairs Ministry, FMC has suggested various measures to check speculators participation in guar trading.
The regulator in May had come out with an intial report on guar futures trade during February-March 2012 and had highlighted irregularities in guar futures trade. It had also found involvement of some entities in the sharp rally during the period………………………………………..Full Article: Source


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