*Sebi extends futures trading ban on seven agri-commodities till Jan 2025*
The Securities and Exchange Board of India (Sebi) has extended the suspension of trading in derivative contracts for seven agricultural commodities till January 31, 2025.
However, trade sources noted that, unlike in the past, this time the extension is for just over a month. This has sparked hope that futures trading in some agricultural commodities, particularly those belonging to the edible oil complex (such as crude palm oil and soybean derivatives), might resume in the near future.
According to a late-night notification, the suspension in futures trading for the seven commodities — namely paddy (non-basmati), wheat, chana, mustard seed and its derivatives, soybean and its derivatives, crude palm oil, and moong — was set to expire on December 20, 2024. However, just a day before the expiry, the suspension was extended.
https://mybs.in/2dbIPXj
Disclaimer: https://www.kotaksecurities.com/disclaimer/commodities/
The Securities and Exchange Board of India (Sebi) has extended the suspension of trading in derivative contracts for seven agricultural commodities till January 31, 2025.
However, trade sources noted that, unlike in the past, this time the extension is for just over a month. This has sparked hope that futures trading in some agricultural commodities, particularly those belonging to the edible oil complex (such as crude palm oil and soybean derivatives), might resume in the near future.
According to a late-night notification, the suspension in futures trading for the seven commodities — namely paddy (non-basmati), wheat, chana, mustard seed and its derivatives, soybean and its derivatives, crude palm oil, and moong — was set to expire on December 20, 2024. However, just a day before the expiry, the suspension was extended.
https://mybs.in/2dbIPXj
Disclaimer: https://www.kotaksecurities.com/disclaimer/commodities/