Commodity Derivatives (Futures and Choices Buying and selling): The Securities and Change Board on India, the nation’s capital market regulator, on Monday prolonged restrictions on bourses offering commodity derivatives from providing contracts in 7 agricultural a commodities together with wheat, chickpeas and mustard seeds.
The seven commodities are: paddy (non-basmati), wheat, chana, mustard seeds, soya bean, crude palm oil and moong.
The most recent extension comes days forward of the top of restrictions, due on March 31.
Earlier, SEBI in December 2021 directed inventory exchanges with the commodity derivatives segments to droop buying and selling in by-product contracts within the 7 commodities, until December 20, 2022.
After that, the regulator prolonged the suspension until December 20, 2024, after which January 31, 2025, after which March 31, 2025.
“In continuation of the stated instructions, the suspension in buying and selling within the above contracts has been additional prolonged until March 31, 2026,” stated SEBI in a communication dated march 24.
