SEBI bans futures trading in seven agri commodities

New Delhi, December 20

Markets watchdog SEBI has banned the launch of new derivative contracts of crude palm oil, moong, wheat and few other agricultural commodities with immediate effect amid rising inflation.

With respect to running contracts, no new position will be allowed to be taken. The directions will be applicable for one year, SEBI said on Monday.

Launch of new contracts of paddy, wheat, soyabean and its derivatives, crude palm oil and moong have been barred till further orders. The list includes chana, and mustard seeds and its derivatives. — PTI