The Indian government -appointed committee undergoing a study of markets in the wake of the ban on some agricultural contracts has stopped short of recommending that trading should recommence, despite producing conclusions generally favourable to commodity futures trading.
Indeed, in a personal statement outside the main report, Abhijit Sen, chairman of the eponymous committee, expressed his belief that “the suspension of futures trading in the four sensitive commodities should continue”. The comment relates to what Sen said is “some evidence, albeit inconclusive” that wheat futures trading can impede India’s publicly run procurement, storage and distribution...