The directive was initially issued on December 19, 2021, and the suspension was to run until December 20, 2022. But then by December 20, 2023, again extended for an additional year by December 20, 2024. The suspension was again expanded until January 31, 2025, and then for two months by March 2025.
Now, the regulator has decided to extend the suspension for two more months, keeping in place of trading sanctions until March 31, 2026.
Sebi said in a statement that the suspension of trade in the above agreement has been extended by March 31, “Sebi said in a statement.
Suspension allows the existing condition to be square in these items, but no fresh futures trade is allowed for one year.
This step is to control excessive speculation and instability in these essential agricultural products, especially in commodity markets, which has a significant impact on food prices and inflation.
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