SUBSCRIBE

Breaking News on Food & Beverage Development - EuropeUS edition | Asian edition

News > Market Trends

Read more breaking news

 

 
News in brief

Guar gum futures will be relisted soon, says FMC

17-Oct-2012
Last updated on 17-Oct-2012 at 09:54 GMT

India’s commodity regulator the Forward Markets Commission has said it plans to reintroduce guar gum onto the futures market soon.

Following its Advisory Committee meeting on October 16 a recommendation to lift the ban on guar gum and guar seed trading on the futures market was made.

The FMC initially banned futures trading in guar gum and guar seed back in March to curb volatility and speculation.

At a press conference in Mumbai Ramesh Abhishek, chairman of the FMC, told the media that the regulator will consult with a few government agencies before making its final decision.

No time frame was given but it was acknowledged that a lift should happen soon as the arrivals season is approaching.

One hydrocolloid expert said that a lift would do little to change market conditions. (See HERE )

Live Supplier Webinars

Rethinking Fat Forum
William Reed Business Media

On demand Supplier Webinars

Your future starts at Cargill's T for Trends
Cargill Cocoa & Chocolate
Food testing — let automation take the strain
Qiagen
ETENIA™: Recognize True Milk Value
AVEBE
The FoodNavigator Salt Reduction Forum
William Reed Business Media
All supplier webinars