Guar gum trade: Notices to 35 entities

The Forward Markets Commission has issued showcause notices to five members active in futures trading in guar gum and seeds based on findings of an interim report.

FMC said in a note: “The Commission has issued showcause notices to five members, and notices for appearance and production of additional documents have been issued to 30 other entities, clients as well as non-clients.” FMC had laun-ched an investigation as prices of these two commodities had risen 150 per cent in just nine months.