Sebi temporarily forbids NCDEX from launching new mustard seed contracts

Sebi temporarily forbids NCDEX from launching new mustard seed contracts

Mumbai: The Securities and Exchange Board of India(Sebi) on Friday barred the National Commodity & Derivatives Exchange Limited (NCDEX) from launching any new mustard seed contract till further orders.

The regulator has asked the agricultural commodity exchange not to allow any new position in respect of the running contracts but only squaring up of position.

Sebi said these directions would come into effect immediately.

In August, the regulator had imposed a similar ban on the commodity exchange from launching new futures contracts in Chana.

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