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Sebi proposes one commodity, one exchange model to make India price-setter

The regulator said exchange can be master in one instead of jack of all

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Commodity markets | MCX | NCDEX

Rajesh Bhayani | Mumbai Last Updated at March 17, 2020 12:01 IST

Sebi proposes China-like model for growth of multi commodity markets

So far India is a major consumer and producer of wheat, rice, pulses, spices, cotton, tea, rubber, iron ore, steel, gold, silver and diamonds.

To deepen and grow commodity markets in India with an intention to make India a price-setter than a price-taker, the Securities and Exchange Board of India has proposed, ‘one commodity, one exchange’ plan even though currently multiple exchanges are allowed to launch contract on the same commodity to create competition and give choice to investors.

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