PROBIZ International - Vol-1 Probiz File final | Page 19

SEBI to introduce warehousing
norms for non-agric commodities
S
ecurities and
Exchange Board
of India has
advised warehousing
norms for agricultural
commodities and non-
agric commodities said
Mr P.K. Bindlish, CGM
& HOD-Commodity
Derivatives Market
Regulation Department
(CDMRD), SEBI said at
an ASSOCHAM event
held in New Delhi.
It has also taken
a number of steps in
this direction for more
awareness programmes
in commodity derivatives
and risk management.
SEBI has started
a training session
for commodity said
Mr. Bindlish while
inaugurating an
ASSOCHAM 16th
Commodity Futures
Market Summit.
Increasing
institutional
participation in the
commodity derivatives
markets have already
been allowed. Creating
awareness amongst
the farmers and
FPOs will help the
other institutions like
NABARD.
The objectives of
commodity derivatives
and other derivatives,
i.e., hedging and
price discovery in
trade practices and
mechanisms, and with
a view to usher in the
next wave of reforms in
commodity derivatives
market, the government
of India merged the
erstwhile FMC with
SEBI in order to bring
convergence of the two
markets.
While inaugurating
Commodity Future
event, Mr C.R.
Chaudhary, Minister of
State for Consumer
Affairs, Food and Public
Distribution said,
National Agriculture
Markets will benefit
those interested in
commodity futures
trading and participants
should adhere to set
Minimum Support Price
on crops, the farmers
to get the fixed MSP
in Kharif crops. The
commodity future
trading can help to
double farmer’s income
by 2022.
Creating market
institution can provide
the post-trading
infrastructure and post-
delivery mechanism to
facilitate the integration
of spot and derivatives
said Mr Shashank
Saksena.
ASSOCHAM: Hike in MSP for farm-
ers’ crops makes good e