[sharetrading] sugar

 

The government will review a ban on sugar futures after assessing production and the monsoon, farm minister Sharad Pawar said on Wednesday.

"We have not applied our mind yet. We will review it after assessing production, monsoon and next season's planting (of sugar cane)," Pawar told reporters.

Last December, India's commodities market regulator Forward Market Commission extended the ban on launch of new sugar futures contracts until September this year.

Last month, the regulator said the ban would be reviewed only after watching the progress of the June-September monsoon rains, which are vital for the cane crop.

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