mandi bhav of india

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The government bans futures trading of 7 commodities

New Delhi. Markets regulator Sebi on Monday directed stock exchanges not to launch new derivative contracts in wheat, crude palm oil, moong and few other commodities till further orders.

The latest directive will come into force with immediate effect, according to a release.

Launch of new contracts for the paddy (non-basmati), wheat, soya bean and its derivatives (its complex), crude palm oil and moong have been barred till further orders by the regulator.

The list includes chana, and mustard seeds and its derivatives (its complex). The derivative contracts in these commodities were suspended earlier this year, the release said.PTI