Govt unlikely to ban any more commodities for future trading: Pawar

Written by:
Subscribe to Oneindia News

New Delhi, May 12 (UNI) The ban on futures trading does not make any major impact on prices of commodities and the government is unlikely to add any other commodity to the list, Minister of Agriculture Sharad Pawar said today.

''The decision to ban futures trading on four commodities was taken by the Forward Markets Commission (FMC) but, I have seen earlier, the step does not make any major difference. I hope the ban is not extended beyond four months, and no other commodity is added to the list,'' the Minister said.

The central government is under pressure to contain prices ahead of state polls this year and national elections due by next year.

Last week, FMC banned futures trading in soybean oil, potatoes, rubber and chana for four months.


Please Wait while comments are loading...