Indian Exchange Seeks to End Guar Futures Ban Before Sowing
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National Commodity and Derivatives Exchange Ltd., India’s largest bourse for farm goods, wants approval to restart guar contracts, three months after the market regulator banned trading to curb speculation.
The exchange, known as NCDEX, has asked the regulator for permission to relist guar gum and guar seed futures, Chief Executive Officer R. Ramaseshan said in an interview in Mumbai yesterday. In March, India suspended trading in guar gum, a thickening agent used in hydraulic fracturing by companies such as Halliburton Co. to extract gas trapped in shale, after prices rallied nine-fold to a record.