The group has had extensive consultations with a cross section of market participants including bankers associations, banks, brokers, exchanges, both Indian and international, and is in the process of finalizing its report.
This has led to a greater awareness of the need for sound structures and practices, revised codes of conduct and a sharpening of regulation. And, closer to home, there were unfavourable climatic conditions in large parts of Southern Africa together with policies in some of our neighbouring countries which disrupted food production.