India’s top futures regulator has expressed hope that the four more commodity futures may be unbanned, perhaps by the end of the year.
On November 30, a temporary ban expired on trading rubber, soy oil, potato and chickpea futures – but an earlier prohibition on derivatives on wheat, rice and two types of pulses has no fixed expiry.
It would therefore require explicit legislative approval to reintroduce the latter group of products on India’s commodity exchanges.