The Solvent Extractors Association of India (SEA) has requested the government to end the current ban on futures trading for key agricultural commodities, such as crude palm oil and soyabean.
The ban, which was initially implemented in December 2021 and has been extended multiple times, is currently scheduled to remain in effect until December 20, 2024.
SEA President Sanjeev Asthana has emphasized the negative financial impact on industry members, stating that the absence of futures trading has severely affected price risk management and market development.
The association has reached out to various high-ranking officials, including Home Minister Amit Shah and Finance Minister Nirmala Sitharaman, to stress the importance of reinstating this crucial risk mitigation tool to facilitate smoother operations within the sector.