The jump seen in the price of banning new mustard futures
MUMBAI: The Mumbai Oilseeds market saw a sharp jump in the Mustard Rayada futures market today. There were indications that SEBI had banned the launch of new Mustard-Rayda futures. There was also talk of controlling the deal in existing futures. As a result, after the opening of the Mustard-Rayda seed futures price of Rs. SEBI has barred Commodity Exchange NCDEX from launching new mustard futures contracts till further orders. SEBI said in its order that it would not be allowed to take a new position in the mustard futures contract currently being traded at Comex. Traders are only allowed to exit from existing futures contracts. The order will come into effect on an immediate basis, SEBI said. "Sebi has taken this decision to curb further rise in mustard oil prices," said an official of the Leading Oilseeds Association. Most of the mustard in the country has been crushed and as a result prices are rising. According to government data, the average retail price of mustard o