Sebi bans F&O trading in wheat, other commodities

The Securities and Exchange Board of India (Sebi) on Monday banned futures and options trading in several agricultural commodities including wheat, paddy(non-basmati), soya bean, moong and crude palm oil for a period of one year.

Earlier, in the month of August and October it had barred derivatives contract in chana and mustard seeds respectively.

“In respect of running contracts, no new position will be allowed to be taken. Only squaring up of position will be allowed,” Sebi said.


Following this direction,NCDEX and MCX banned fresh positions on commodities listed on their exchanges and allowed only squaring up of existing positions.