This actual unfolding of events vindicate the position that inflationary pressures stems from a number of factors, including supply side constraint, the global rise in prices of food and oil, the diversion of land for bio-fuel production, loose monetary policy in emerging economies, and the adoption of an expansionary fiscal policy. Hence the policy of across-the-board restriction of derivatives trading in agricultural commodities appears to be unjustifiable, inequitable, and counter-productive. | Indian commodity derivatives market and price inflation
