India bans rubber futures trading for at least 4 months

ERJ staff report (DS)

Mumbai, India -- India's Forward Markets Commission (FMC) has banned futures trading in rubber and three other commodities for at least four months. Shri Anupam Mishra, Director of the FMC's foreign markets Division told ERJ in a telephone conversation that the ban is in force, following an announcement on Wednesday, and will last for at least four months.

Asked if the FMC will reconsider the ban, he said, "in four months we will reconsider".

There was no further information available on the FMC's website, but Indian press has been full of speculation about the ban.

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