The commodity futures market regulator has taken some immediate steps to curb excessive
speculation in agri-commodities.
The Forward Markets Commission has
introduced a staggered delivery option where the seller can deliver certain commodities within 15 days from the fifth day of delivery month starting from June expiry.
However, buyers will be obliged to take delivery. If there are not enough standing buyers who have declared their intention to take delivery, then all buyers will have to take proportionate deliveries.
The staggered delivery option covers commodities such as oil seeds, chana, sugar, rubber, steel, gold (100g) and PVC.
