Date:03/03/2007 URL: http://www.thehindubusinessline.com/2007/03/03/stories/2007030303041200.htm

Back NECC seeks ban on maize futures

Our Bureau

Coimbatore, March 2

The all-India poultry growers body, National Egg Coordination Committee (NECC), has expressed disappointed over the Centre's inaction on the demand from the NECC for removing maize from the list of items permitted under forward trading.

In a statement released to the press here, the NECC national chairperson, Ms Anuradha Desai, said the Finance Minister, Mr P. Chidambaram, while presenting the Budget for 2007-08 had announced ban on forward trading in wheat and rice. All the reasons and issues considered by the Union Government for banning forward trading in wheat and rice equally applied to maize also as the forward trading of maize had led to unprecedented rise in price affecting poor poultry farmers across the country, she said.