Transparency In Rubber Futures Sought

Kottayam: Futures trading in rubber should be transparent and efficient and to ensure this, the day-today volatility in prices should be decreased from 2 per cent to one per cent and the transaction of the ready month should be restricted to delivery alone after the first of the same month, said Mr George Valy, President of the Indian Rubber Dealers Federation. He requested the Central Government to take suitable action in the matter. The rubber dealers and tyre company suppliers could escape from the loss incurred due to the variations in prices and interference from speculators could be avoided. He demanded the Forward Marketing Commission to implement the suggestions at the earliest to stabilise the rubber prices for the benefit of the rubber trading community.