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Sebi bars launch of new derivative contracts for wheat, other commodities – Business Standard

regulator on Monday directed stock exchanges not to launch new derivative contracts in wheat, crude palm oil, moong and few other 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 were suspended earlier this year, the release said.

In respect of running contracts, no new position will be allowed to be taken and only squaring up of position will be allowed.

The directions will be applicable for a period of one year, it added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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