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The official said futures trading of commodities is a new concept in Pakistan and initially IRRI-6 has been chosen for futures trade. Highlighting the importance of futures trading, he said that with the help of commodities futures trading the government would be able to make better policies, as it would have an idea about the future trend of commodities by looking at the futures trade at the exchange. Absence of a futures market results in greater volatility in the spot market and exposes market participants to greater risks. The current stakeholders in IRRI-6 spot market will also be the primary participants in the IRRI-6 futures market. read more

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