Friday, August 29, 2008

FMC Optimistic On Commodities Futures Ban Lifting - August 29 , 2008

The Forward Markets Commission (FMC) is expecting the Central Government to do away with the ban on futures trading on four commodities next month. 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 August 28.

No comments: