Centre Bans Futures Trading in 7 Commodities
On 20th December, 2021, the Centre suspended futures trading in seven agricultural commodities for a year to control inflation.
- Futures Trading in seven commodities including paddy (non-basmati), wheat, chana, mustard seeds and its derivatives, soya bean and its derivatives, crude palm oil and moong will remain suspended till further orders.
- No new contract will be introduced until further orders. In respect of running contracts, no new position will be allowed to be taken.
Reasons for Ban
Rising Food Inflation
- The ban comes against the backdrop of increasing inflation.
- India's retail inflation in the month of November rose to 4.91 per cent, ....
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