SEBI directs NCDEX to not to launch new mustard seed contracts till further orders

The Securities and Exchange Board of India (SEBI) on Friday issued directions with regard to trading in mustard seed contracts.

As per the information, SEBI has issued directions to National Commodity and Derivatives Exchange Limited (NCDEX) saying that no new mustard seed contract should be launched till further orders.

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SEBI has issued the following directions to NCDEX in respect of trading in Mustard Seed contracts:

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1. No new Mustard Seed contract shall be launched till further orders.

2. In respect of running contracts, no new position will be allowed to be taken. Only squaring up of position will be allowed.

3. These directions will be implemented with immediate effect.