Forward Markets Commission may allow late trading in agri commodities

MUMBAI: Commodity markets regulator, Forward Markets Commission ( FMC), may allow late evening trading in agri commodities to increase market participation.

"We are discussing with exchanges and other trade participants as to how we can start late-evening trading in agriculture commodities as some spot markets remain open till 8 P.M.," FMC Chairman Ramesh Abhishek said.

At present, late evening trading is allowed in metals and energy products till 8 P.M., where prices follow global markets.

Commodity exchanges have been demanding longer trading hours in sugar and soybean as against the present 10 A.M. to 5 P.M. slot.