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FMC hopes govt will lift ban on commodities futures

Posted on 29 August 2008

From Business-standard.com: Commodity markets regulator, the Forward Markets Commission (FMC), hopes the Central Government will lift the ban on futures trading on four commodities next month, a top official said. “I hope that trade in the recently-suspended agricultural commodities will be revived,” FMC Chairman, B C Khatua, said at a meeting in Bangalore on Thursday. In May, the government had suspended futures trading in soyoil, potato, rubber and chickpea for four months, to control the soaring inflation.

FMC had convened a meeting of representatives of trade and manufacturers associations, chambers of commerce and industry, marketing federations and co-operatives, in Bangalore on Thursday. Khatua, in his inaugural address, highlighted the growth of the commodities futures market in India and the various initiatives taken by the regulator for the development and regulation of the market…… Full Article: Source


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