Assistance to be provided to commodity exchanges in developing their own strategy and development of an effective market monitoring and surveillance mechanism to mitigate risks of market manipulation would also be discussed at the workshop, to be inaugurated by food and consumer affairs minister Surjit Singh Barnala.

The workshop is part of the World Bank (WB) project for improvement in working of futures market, upgradation and modernisation of commodity exchange.

The workshop, organised by the department of consumer affairs, is also part of government efforts to strengthen institutional capabilities of the Forward Markets Commission (FMC), an official press release said here.

Besides, the workshop will create an awareness about function, utility, facilitiesand regulation of futures trading in commodities.

Officials from various ministries, United Nations Centre for Trade and Development (Unctad), World Bank, and domestic and foreign commodity exchanges are expected to take part in the workshop.

The release said about 200 delegates are expected to participate in the workshop.

In-depth discussions on managing commodity exchanges with emphasis on utility of multi-commodity exchanges, functions and utilities of clearing houses, warehouse receipt system, role of banks in commodity futures, role of brokers, contract design and role of futures in exports would also figure in the workshop.

Speakers from the United States, Australia, Malaysia and Unctad would be making presentations in addition to experts from the country.