MCX agri and pepper trading restrictions

Sun, 21 Jun 2026 00:00:00 +0000

Agri and pepper trading restrictions in Indian commodity derivatives are set by the Securities and Exchange Board of India , and the headline restriction is the suspension of derivatives trading in seven agri commodities ordered on 19 December 2021. The restrictions sit mainly on the agri complex that trades through the National Commodity & Derivatives Exchange , not on the bullion, energy and base-metals contracts that dominate the Multi Commodity Exchange .

This distinction is the first thing to get right. MCX is overwhelmingly a non-agri exchange. Its volume sits in gold, silver, crude oil, natural gas and base metals. The agri derivatives that SEBI restricts, and the pepper contract that was withdrawn earlier, are concentrated on NCDEX. So when commentary refers to “MCX agri restrictions,” the substance is really the SEBI suspension that hit the agri complex across exchanges, with NCDEX as the most affected venue.

NCDEX agri contracts and Zerodha

Sun, 21 Jun 2026 00:00:00 +0000

The National Commodity & Derivatives Exchange (NCDEX) is India’s principal agri-commodity derivatives exchange, regulated by the Securities and Exchange Board of India after the September 2015 merger of the Forward Markets Commission into SEBI, and Zerodha does not offer access to it. Zerodha routes commodity futures and options only to the Multi Commodity Exchange and the National Stock Exchange commodity segment, so the NCDEX agri contracts, from guar seed to castor seed, sit entirely outside a Zerodha account.

SEBI Commodity Suspension on WebNotes

MCX agri and pepper trading restrictions

NCDEX agri contracts and Zerodha