INDIA'S Spices Board has turned down a demand by spice traders in the Agricultural Produce Market Committee (APMC) for an immediate ban on futures trading of cumin seed, turmeric, chilli, cardamom, sesame seed and black pepper. Representatives of the APMC spice traders alleged that the purpose of futures trading was not being served as it was being controlled by a handful of traders who had a role in artificially hiking the prices of certain commodities... Read More