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This is also in line with the requirement of WTO to reduce the support to agriculture. . The share of non-agricultural commodities, like metals ? particularly bullion ? is also growing rapidly in the near future .However in the past, during the year 1960; the Indian Government imposed a ban on most of the commodities, except very minor commodities like pepper and turmeric. The apprehensions about the role of speculation, particularly in the conditions of scarcity, prompted the Government to continue the prohibition till 2003. Traditionally commodity markets in India are regional mandis or unorganized markets indulged in spot trading...
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