Int'l Meet On Commodity Futures Confuses More Than Offer Answers.

(From Financial Express)

Confsion confounded! This observation of one of the key participants could be sufficient enough to sum up the collective impression of participants at the 2-day International Conference on Commodity Futures and Derivatives Trading: India's Opportunities in the Emerging Global Contest held here. "I am totally confused, the conference does not take us anywhere and I do not know whether or not to go for commodity futures or should I experiment with forwards contracts or use the pledge receipts instead of yet-to-evolve warehouse receipts trading." he said. If this is not enough, consider this observation of one of the leading consultants of financial solutions provider who preferred to stay away from participating in the conference, "It's the same old story being parroted year after year and things hardly move in the right direction despite deliberations on vital subjects such as these." The conference was jointly organised by the ministry of consumer affairs food and the public distribution and the Federation of Indian Chambers of Commerce and Industry (Ficci) in association with United Nations Conference on Trade and Development (UNCTAD). The 2-day conference, attended by regulators, ministry officials, cross section of the players from the commodity trading community across the country as also …