AsianFin -- India is considering lifting its three-year ban on futures trading in seven agricultural commodities, including wheat and unprocessed rice, following studies that suggested the restrictions were ineffective, according to a source familiar with the matter.
A government panel has recommended ending the suspension, as the 2021 restrictions, aimed at controlling prices, were found to have disrupted market-price discovery. Additionally, local crop rates have stabilized after the latest harvests, the source noted, speaking anonymously due to the private nature of the discussions.
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