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SEBI suspends futures trading in farm crops

Date: 22 December 2021 Tags: Miscellaneous
  • Market regulator SEBI has issued an order suspending futures trading in paddy, wheat, Bengal gram, mustard seeds and its derivatives, soyabean and its derivatives, crude palm oil and green gram for a year.
  • India is the world’s biggest importer of vegetable oils. Prices of these kitchen staples have been spiralling in recent months.
  • The government as well as the Reserve Bank of India (RBI) are struggling to hold prices of food items to curb inflation and measures are believed to be steps in this direction.