18.07.2012 - India: Five agri commodities under Forward Markets Commission lens
The Forward Markets Commission (FMC), the regulator for commodities futures, has initiated moves to check any price rise due to possible speculation in agricultural goods in the wake of deficient rains and is keeping an eye on price movement in five commodities soyabean, soya oil, rapeseed mustard (RM) seed, chana and potato. "We will step in as soon as we are required to take any action. We have initiated steps over the past few weeks that have ensured that speculative transactions do not take place," FMC chairman Ramesh Abhishek said...............................................Full Article: Source
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