Plea to lift wheat futures ban
R. SURYAMURTHY
Free flow
New Delhi, Feb. 4: The Forward Markets Commission (FMC) will approach the government to lift the ban on four agricultural commodities — rice, wheat, urad and tur.
It will also push for policy changes to enable investment by banks and mutual funds in the futures markets.
Commission chairman B.C. Khatua told The Telegraph, “From data available, one can say that futures contract prices are correct indicators of the actual price situation ahead. Prices do not go up or down because of the futures contract.”
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