More ticker boards on farm goods’ trade planned in Kerala

November 8th, 2011 - 9:06 pm ICT by IANS  

Thiruvananthapuram, Nov 8 (IANS) The Forward Markets Commission (FMC) is planning to increase the number of ticker boards, which give real time access to prices of farm commodities, from the existing 18 in Kerala, a statement said Tuesday.

The FMC, a commodities market regulator, said that the increase would be done in consultation with the state government.

As part of introducing more reforms, the FMC and the National Multi-Commodity Exchange (NMCE), which is the lead exchange for Kerala, will consult the stakeholders, including producers and traders, here Wednesday.

Kerala has been leading in participation in the commodity futures market where farmers participate through co-operative societies.

The agri-commodities of Kerala which figure on the futures market include rubber, black pepper and cardamom.

In the last fiscal, more than 16,500 people from the state took part in rubber trade through the FMC.

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