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Edible oil players demand resumption of futures trading
The Daily Guardian
|November 26, 2024
Since December 2021, the suspension of futures trading in seven agricultural commodities has been extended periodically, now until December 20, 2024.
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Edible oil industry body has once again requested the government to reconsider resuming futures trading in internationally traded commodities like crude palm oil and crude soybean oil.
In December 2021, the Securities and Exchange Board of India (SEBI) suspended futures and options trading in seven agricultural derivatives, including the two commodities mentioned above.
Notably, India is the world's second-largest consumer and number one vegetable oil importer, and it meets 55-60 per cent of its needs through imports.
Dit verhaal komt uit de November 26, 2024-editie van The Daily Guardian.
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