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What is the background of the Commodities exchanges in India ?

April 26, 2017background Commodities exchanges India

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What is the background of the Commodities exchanges in India ?

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India has a large number of commodity exchanges, the oldest of which dates from the 19th Century. Forward Market Commission regulates all these exchanges. After a 30 years ban, Government permitted future trades in 54 commodities. Commodities market regulator, Forward Market Commission allowed four exchanges to commence trading in all these items. Till now the state control over supply and, hence, price, has not allowed commodities trading to grow to its potential. Now the government is retreating and allows market players to takeover the commodities market.