MUMBAI: Market regulator Sebi could direct agri bourse NCDEX to further raise trading margin on sugar to weed out speculative activity amid the recent hardening of prices, a person aware of the development told ET. The front month futures contract shot up 6.5% from a low to Rs 3,665 a quintal in eight sessions through September 14. "A ban on sugar futures is not on the cards for now," he added. He did not add the quantum of likely margin increment.Sebi and NCDEX officials were not immediately available for comment. "If margins are raised to, say, 75%, a participant could well buy the same from the spot market.

Source: Economic Times September 19, 2016 01:18 UTC