FMC mulls relisting of guar gum, seeds

Oct 17 2012, 09:32 IST
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SummaryThe Forward Markets Commission (FMC) is toying with the idea of relisting of guar gum and guar seeds in the futures market

The Forward Markets Commission (FMC) is toying with the idea of relisting of guar gum and guar seeds in the futures market.

“We have considered the view of the Advisory Committee to re-list guar gum and guar seeds. We are yet to seek view of some government agencies before announcing the final decision. It will be soon,” FMC Chairman Ramesh Abhishek said without giving any time frame.

The local commodity exchanges had stopped trading in guar in March futures amid a regulatory enquiry after prices had soared more than 10-fold.

The commission and the Advisory Committee which met here today for the first time have agreed to increase the participation of market makers and aggregators in the futures market to boost liquidity.

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