FMC: Guar relaunch decision by month-end

The Commission,however,favoured a probe by the Competition Commission of India (CCI) over allegation of cartelisation in guar trade by a few firms.

The Forward Markets Commission (FMC) would decide on re-launching guar futures contract by the end of this month,more than a year after it was banned to curb price volatility and speculation.

The Commission,however,favoured a probe by the Competition Commission of India (CCI) over allegation of cartelisation in guar trade by a few firms.

FMC chairman Ramesh Abhishek said,We have asked MCX,NCDEX and ACE,which have applied for relaunch of guar contracts,to submit separate report on availability of guar stock in the market. The regulator would take the decision based on their reports.

The production of guar gum,extracted from guar seed,is expected to be 14 lakh tonne this year,slightly lower than 17 lakh tonne in 2011-12.

Hamas under pressure to respond to Gaza peace plan as Trump says will give ‘three or four days’

Trump gives Hamas 3-4 days to accept Gaza peace plan, with a warning

12 hr ago

US President Donald Trump has given a tight deadline to Hamas for accepting his Gaza peace plan, warning of a “sad end” if if they refuse to accept the conditions. Palestinian militant group Hamas is yet undecided on whether to accept the peace deal proposed by US President Donald Trump on Monday.

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