Jute body seeks ban on futures trade

In view of rising prices of raw jute, the Indian Jute Mills Association has urged the textiles ministry to exempt raw jute from speculative futures trading. In a letter to the rriinistry, Indian Jute Mills Association (IJ-MA) Chairman Sanjay Kajaria said that futures trading in raw jute till 2004-05 had not created any impediment since the volume of trade was negligible.

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