A temporary freeze on wheat and rice future trading to control rising prices of essential commodities has failed to serve the purpose, as trading has begun in other agricultural products such as zeera, red chilli and even black pepper whose market prices have registered a jump.
Though trading of wheat has decreased from around Rs 20 crore in January-February at Ludhiana Stock Exchange (LSE) securities to nearly Rs 2 crore in March-April 18, trading of zeera increased from Rs 23.08 crore in January-February to a whopping Rs 95.69 crore from March-April 18.
In addition, even trading in red chilli has registered a slight increase - from Rs 9.95 crore in January-February to Rs 10.41 crore from March to mid-April. The trade volumes are from LSE, region's only stock exchange.
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