According to Chairman of the Forwards Markets Commission (FMC) in India, B.C. Khatua, he expects the current suspension of trading of commodity futures on potatoes, rubber, chana and soyoil to end on November 30.
“We will be making a submission of our analysis on the suspension to the government in the coming weeks. Our preliminary study indicates that easing inflation especially in food commodities makes the situation favourable to restart futures in these commodities,” said Khatua.
The reason behind the suspension was the misguided idea that futures markets were being manipulated by traders, even though there isn't a shred of evidence it's true.
If India wants to emerge as a predictable, reliable commodities market, they can't suspend trading on existing commodities just because the price of food increases.
In a number of cases traders have been fined because of gains they made in their trading on Indian commodity exchanges.
Showing posts with label B.C. Khatua. Show all posts
Showing posts with label B.C. Khatua. Show all posts
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