The Indian government has permitted derivatives trading in 11 more commodities including skimmed milk powder, cement, apple, bamboo and timber based on a recommendation from the Securities and Exchange Board of India (SEBI), which supervises the trading, to the Finance Ministry.

In a notification issued on March 1, 2024, the Finance Ministry added these commodities under the Securities Contracts (Regulation) Act, 1956, taking the total number of commodities in which derivatives trading can be done to 104.

Other commodities in which derivatives trading has been allowed are weather, freight, white butter, cashew, metal alloys and manganese. All these changes are implemented with immediate effect.