News
18.05.2009
India lifts wheat futures ban
India removed a two-year-old ban on trading in wheat futures on Friday, a move analysts said will help exporters if the futures contract falls to a level that makes Indian grain competitive in the international market. But bans on some other contracts, imposed in the last two years as some political parties blamed futures trade for rising prices, would remain for now, a director of the futures market regulator said on Friday.
Last year, the government imposed several curbs on physical and futures trade in commodities to keep a tight leash on price ahead of general elections that were completed this week. India will allow export of 2 million tonnes of wheat after elections.
Reuters
