(a) whether the Government has since lifted the ban on future trading in
rice and wheat;
(b) if so, the details thereof; and
(c) if not, the reasons therefor?
(a) whether the Government has since lifted the ban on future trading in
rice and wheat;
(b) if so, the details thereof; and
(c) if not, the reasons therefor?
THE MINISTER OF STATE IN THE MINISTRY OF AGRICULTURE AND THE
MINISTER OF STATE IN THE MINISTRY OF CONSUMER AFFAIRS,
FOOD AND PUBLIC DISTRIBUTION
(PROF. K. V. THOMAS)
(a) to (c): Forward Markets Commission (FMC) which is the regulator
for commodity futures trading suspended futures trading in Rice and Wheat on
27th February 2007. In view of good crops of wheat this year, the suspension
of future trading in Wheat was revoked on 14th May 2009. Futures trading in
rice remains suspended as it is considered sensitive.