Market regulator Securities and Exchange Board of India (SEBI) has prolonged the ban on derivatives trading in seven agriculture commodities over worries on triggering inflation.
Last December, SEBI had banned spinoff buying and selling in these commodities for one year expiring this month.
In a circular, the SEBI had directed inventory exchanges having commodity derivatives segment to suspend derivative contracts trading in paddy (non-basmati), wheat, chana, mustard seeds , soya bean, crude palm oil and moong. .
In continuation of the stated guidelines, the suspension of trading within the above contracts has been extended for one greater year till December 20, 2023.
In reaction, based totally on SEBI’s directives, MCX has extended suspenion of futures trading in crude palm oil until December 20, 2023. Members and their constituents are asked to pay attention to the above, it in addition stated.
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