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Finance Minister Arun Jaitley today held an inter-ministerial consultation on imposing ban on sugar futures trading in an effort to curb speculation and check price rise of the sweetener during festival season.
Minister of State for Food CL Chaudhary, Secretaries from Food, Consumer Affairs, Agriculture and Finance Ministries were present in the meeting. The meeting comes in the backdrop of the Food and Consumer Affairs Ministry recommending the regulator SEBI to ban sugar futures trade to check prices.
Sugar prices in the retail markets have risen in last few weeks and are ruling at ₹42 per kg in the national capital.
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