Explained | Why SEBI suspended futures trading in agri products
The Hindu
Objective is to rein in prices of essential commodities
Securities & Exchange Board of India (SEBI) on Monday issued directions to stock exchanges in the commodity derivatives segment for immediately suspending trading in derivative contracts in key farm commodities, namely paddy (non-basmati), wheat, chana, mustard seeds and its derivatives, soya bean and its derivatives, crude palm oil and moong for a year.
The derivative contracts in these commodities were already suspended, as per a SEBI statement on August 16 and October 8, respectively.
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