India's leading national commodity exchanges have asked the government to immediately lift the ban on futures trading on certain agricultural commodities.
The government had banned futures trading in commodities like urad, tur, wheat and rice in the wake of price rise in essential food items, leading to inflation.
A committee appointed by the government is these days studying the impact of futures trading on inflation. The committee headed by Abhijit Sen, member of the Planning Commission, is to submit its report to the government in two months.
Presentation their cases before the Sen committee, the commodity exchanges said that the ban on futures trading in certain agricultural commodities should go even before the panel's findings.
Laman Rutten,
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joint managing director of Multi Commodity Exchange said that the ban on trading in commodities like urad, tur, wheat and rice has caused concern in the international market.