MARKET players are looking for loopholes in the new Forward Markets Commission (FMC) standards for sugar futures in order to maintain volatility in the market. Under the new standards, position limits for members have been revised to 100,000 tonnes or 20% of open market interest - whichever is higher - compared with 50,000 tonnes earlier. The limits for clients have been increased from 10,000 tonnes to 25,000 tonnes. Although some players see the new standards as necessary means to curb speculation, others feel that a market cannot work without it. According to trade estimates, 90% of sugar futures volumes are speculative... Read More