India's apex Forward Markets Commission says physical delivery is essential for the transparent functioning of the commodity exchanges.
Inaugurating a seminar on commodity trading awareness here, FMC chairman B C Khatua said that awareness is still lacking when it comes to commodities market and investors even today feel that trading in commodities is satta.
He said before entering the market or investing in commodities, people should have proper knowledge of this emerging market.
Moreover, Khatua said for transparent functioning of the commodity exchanges, 100% physical delivery is essential in future contracts. He added that the progress of commodity trade is not only beneficial for investors but also for the farmers.
The seminar was organized by Rajkot Seeds Oil & Bullion Merchants Association along with FMC.
Talking on the impact of commodity market