The Indian government is currently considering lifting the suspension on futures trading for oil, oilseeds, and pulses in the agricultural commodities market.
The National Commodity & Derivatives Exchange (NCDEX) has been advocating for the resumption of futures trading, highlighting the negative impact of the ban on farmers and the agricultural value chain.
The NCDEX plans to present its case to the Securities and Exchange Board of India (SEBI) to revoke the suspension on the seven farm commodities.
Recent studies have shown that futures trading can enhance domestic price discovery and reduce dependence on international price signals.
The final decision on lifting the suspension will be made by the Inter-Ministerial Committee, chaired by Home Minister Amit Shah.
The outcome of these discussions will have significant implications for the agricultural sector in India.