Скачать или смотреть SEBI bans derivative trading in slew of agriculture commodities

In a major blow, the capital and commodity market regulator SEBI has banned futures and options trading in host of agriculture commodities including chana, mustardseed, soya bean and its derivatives, crude palm oil, moong, paddy and wheat for a period of one year. The ban would come into effect from Monday, said SEBI. Following this, MCX has banned fresh position on crude palm oil and allowed only squaring-off in the December contracts. Only squaring up of existing positions will be allowed and no new Futures and Options contracts will be launched till further notice in any of these commodities, it added. The drastic move comes on the back of concern over rising inflation and would unsettle the entire commodity derivatives eco-system including that of broking firms which will be literally left only with only metal and energy contracts to trade and promote. Interestingly, SEBI decision comes days after it mooted consultation paper to allow foreign entities to trade in commodity derivatives and promote 'one exchange one commodity' concept.