India Mulls Lifting Trade Ban on Crop Futures

Reported 1 day ago

India is considering ending a three-year ban on futures trading in seven agricultural commodities, including wheat and unprocessed rice, due to findings suggesting that the restrictions disrupted market-price discovery. A government panel has recommended lifting the ban after local crop rates stabilized, with a final decision pending from Prime Minister Narendra Modi's cabinet. This potential revocation reflects efforts to ease pandemic-era trade restrictions in the agriculture sector aimed at ensuring food supply for millions of citizens.

Source: YAHOO

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