Informist, Tuesday, Sep 17, 2024

By J. Navya Sruthi and Pallavi Singhal

MUMBAI – The Securities and Exchange Board of India is unlikely to allow foreign portfolio investors to trade in agricultural commodity derivatives anytime soon, according to National Commodities & Derivatives Exchange Managing Director and Chief Executive Officer Arun Raste.

The discussions that have been held between the NCDEX and the SEBI do not point towards the regulator allowing foreign portfolio investors to invest in agricultural commodities, Raste told Informist on the sidelines of Tefla's Wheat Summit today.

The SEBI in June 2022 permitted foreign portfolio investors to trade in cash-settled non-agricultural commodity derivative contracts, including gold, silver, crude oil, and copper.

"This is a larger government policy discussion which is beyond CDAC (Commodity Derivatives Advisory Committee). So at the moment I don't see it happening," Raste said. End

Edited by Saji George Titus

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