THAI TRADERS PLAN MAIZE FUTURES MARKET
Thai traders plan to establish a company
to regulate maize forward trading, in what could be a first
step towards a commodities futures exchange, maize dealers
said.
    Traders and Internal Trade Department officials agreed last
week to commission a study on a structure to regulate maize
forward trading and to set up a company, Thailand Commodity
Exchange Co Ltd, with 30 businesses as shareholders who will
act as brokers in the futures market.
    Chanthong Pattamapong, a commodities trader asked to to
draw up the study, said if the maize futures market succeeds it
may be extended to other commodities, perhaps sugar and rubber.
 REUTER
