More Stories

Informist, Monday, Mar. 24, 2025

MUMBAI – The Securities and Exchange Board of India has extended the suspension of derivatives trade in wheat, chana, moong, paddy (non-basmati), mustard seeds and its derivatives, soya bean, and crude palm oil by another year, till Mar. 31, 2026, the regulator said in a release on Monday. 

Informist had on Saturday exclusively reported that the government would extend the ban by another year, quoting a senior government official. 

"Even though there had been discussions about opening futures trade for some commodities such as pulses, oilseeds, a final decision was based on the fact that the Indian market is not as mature yet. We have seen a turbulent year when it comes to agri commodities. At a time when inflation has finally eased, the government did not want to set anything in motion that disturbs it," the official explained. "Moreover, such trading will only give rise to both internal and external speculation. The role foreign traders can play in disrupting the market cannot be undermined," the official added.

In 2021, the government had imposed a ban on derivatives trading in the seven commodities for a year to check rising prices. The ban was extended consecutively each year till December 2024, and twice more till Mar. 31 this year.  End

Reported by Shreya Shetty

Edited by Avishek Dutta

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.