The Solvent Extractors Association of India (SEA) has urged the government to lift the ongoing ban on futures trading for key agricultural commodities, including crude palm oil and soyabean. This ban, initially imposed in December 2021 and extended until December 20, 2024, has significantly impacted the industry's ability to manage price risks and develop the market. SEA President Sanjeev Asthana emphasized that the continuation of this restriction has weakened a vital risk mitigation tool for the sector.
The government is considering lifting the suspension on futures trading for oil, oilseeds, and pulses, following pressure from the National Commodity & Derivatives Exchange (NCDEX). While discussions are ongoing, the ban on paddy and wheat futures is expected to remain. The NCDEX is advocating for the resumption of trading, citing the need for market maturity and reduced reliance on international price signals, as India imports a significant portion of its edible oil.
The government is considering lifting the suspension on futures trading for oil, oilseeds, and pulses, following pressure from the National Commodity & Derivatives Exchange (NCDEX). While discussions are ongoing, the ban on paddy and wheat futures is expected to remain. The NCDEX is advocating for the resumption of trading, citing the need for market maturity and reduced reliance on international price signals, as India imports a significant portion of its edible oil.
The Indian government is considering lifting the suspension on futures trading for oil, oilseeds, and pulses, following pressure from the National Commodity & Derivatives Exchange (NCDEX). While discussions are ongoing, the ban on paddy and wheat futures is expected to remain. The NCDEX is advocating for the resumption of trading, citing the need for market maturity and reduced reliance on international price signals, as India imports a significant portion of its edible oil.
Uncertainty surrounds the future of the Reserve Bank of India's governor, Shaktikanta Das, as his contract nears its end on December 10. With no announcement from the government regarding an extension or replacement, interest rate expectations are clouded by this ambiguity. The final decision rests with the Appointments Committee of the Cabinet, led by Prime Minister Narendra Modi and Home Affairs Minister Amit Shah.
India aims to quadruple its natural gas usage by 2030 to meet rising energy demands driven by population growth and economic expansion. With over 80% of its energy currently sourced from coal, oil, and biomass, the government is promoting compressed natural gas (CNG) vehicles and expanding piped natural gas connections for cooking. Despite global volatility in gas markets, India is prepared to increase LNG imports to enhance energy security and support domestic fertilizer production.
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