India considers lifting ban on trade in some crop futures

Quick Summary:

India is considering revoking a three-year ban on futures trading in seven farm commodities, including wheat and unprocessed rice, after studies found the steps were counterproductive, according to a person with knowledge of the matter.

Its current forecast is for between 53 million and 53.5 million metric tons.“Soy and corn are doing relatively well for now,” said Santiago Fernandez de Maussion, a farmer in Jesus Maria, Cordoba province.“I hope the drought doesn’t come up this way.

A final decision will be taken by a group of ministers in Prime Minister Narendra Modi’s administration, which will then ask the Securities and Exchange Board of India to lift the curbs or extend them beyond the existing January 31 deadline.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: BusinessMirror

Category: BusinessStartups

Markets: PhilippinesArgentinaIndia

Topics: Including Weather Person Markets Local Report Crop India Wheat Rice Niña

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-08 @ 14:29:06 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 805 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 24976617

View Article Analysis

About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 36 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 15 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

Publisher Details

Frequently Asked Questions