The Securities and Exchange Board of India (SEBI) has banned exchanges from launching new futures contracts in paddy, wheat, chana, mustard seeds, soybean and its products, crude palm oil and moong for a year. SEBI said that no new contracts would be allowed on these commodities for one year, and no new positions would be permitted to be taken and only squaring off would be allowed.

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According to data sourced from the market, from October to the end of November, soybean rates in the Indore markets have increased to 76 per cent, Rs 6,200. The minimum support price of soybean for 2021-22 is Rs 3,950 a quintal. The latest data from the agriculture ministry showed that wheat and rabi crops had been implanted in around 27.77 million hectares till December 17, while chana has been sown in 9.79 million hectares. The maximum area increase is of mustard seed which is sown mustard crop in around 8.42 million hectares.