Call for transparency in rubber futures

Print this page Posted on : 09-25-2007 by recycleinme.com

Futures trading in rubber should be transparent and efficient and to ensure this, the day-today volatility in prices should be reduced from 2 per cent to one per cent and the transaction of the ready month should be restricted to delivery alone after the first of the same month, said Mr. George Valy, President of the Indian Rubber Dealers Federation. He requested the Central Government to take appropriate action in the matter.

By doing so, the rubber dealers and tyre company suppliers could escape from the loss incurred due to the variations in prices and interference from speculators could be avoided.

Registration should be made compulsory to those who engage in futures trading in rubber.

Mr Valy demanded the Forward Marketing Commission to implement the suggestions at the earliest to stabilize the rubber prices for the benefit of the rubber trading community.

He was addressing a meeting of rubber dealers held at Rubber Bhavan, Kottayam.

Source : Business Line