Cartels will not be allowed to function in futures market: FMC
PTI: Kochi, Jan 21 2013, 19:21 IST
explain their conduct. We do not come under the influence of anyone and will do everything to protect the integrity of the exchange," he said.
The Commissioner of Food Safety had visited the warehouses, following allegations that mineral oil was mixed with pepper. Following advisory from the government, it was decided that delivery of this quantity of pepper will not be allowed.
As of date, the government advisory that pepper should be delivered after testing still stands, he said.
The state government has been asked to take up the issue on a priority basis and if it passes the test, it can be permitted to be dispatched to the market, he said.
On the loss suffered to the seller, which is a consortium of farmers, he said this would have to be taken up with FMC.
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