Securities and Exchange Board of India (SEBI) has extended the suspension of trading in specific commodity derivative contracts until January 31, 2025. This directive applies to stock exchanges operating in the commodity derivatives segment and covers contracts for paddy (non-basmati), wheat, chana, mustard seeds and its derivatives, soybean and its derivatives, crude palm oil, and moong. Initially, the suspension was announced on December 19, 2021, and was set to last until December 20, 2022. Subsequently, it was extended twice, first to December 20, 2023, and then to December 20, 2024. This latest extension continues the suspension for an additional period. The decision aligns with SEBI’s ongoing regulatory measures in the commodities market.
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Securities and Exchange Board of India
PR No.37/2024
SEBI issues directions to stock exchanges in Commodities Derivative Segment
1. On December 19, 2021, SEBI had directed Stock Exchanges having Commodity Derivatives Segment to suspend trading in derivative contracts in the commodities mentioned below, till December 20, 2022:
i. Paddy (non-basmati)
ii. Wheat
iii. Chana
iv. Mustard seeds and its derivatives (its complex)
v. Soya bean and its derivatives (its complex)
vi. Crude Palm Oil
vii. Moong
2. Thereafter, the suspension in trading in the above contracts was extended twice for one more year till December 20, 2023 and December 20, 2024 respectively.
3. In continuation of the said directions, the suspension in trading in the above contracts has been extended till January 31, 2025.
Mumbai
December 18, 2024
