17.03.2009 - FMC wants higher deliveries in futures
From Indiatimes.com: The commodity market regulator FMC is taking steps to increase delivery volumes in the futures market where a bulk of the trade is settled in cash. It has decided to allow delivery of bulk commodities like sugar which are traded on the commodity futures exchanges, from warehouses or factory premises of the mills. At present, deliveries take place through exchange accredited warehouses which involve a higher cost. According to Rajeev Agarwal, member, FMC, these premises may be declared as accredited warehouses by the exchanges only after they follow certain checks and balances..... Full Article: Source