Pandey Calls for Commodity Market Standards Reflecting Indian Realities

SEBI Chairman Tuhin Kanta Pandey emphasized the need for localized standards in commodity markets, one that reflects domestic market fundamentals rather than relying on international indices. Speaking at the Global Commodity Conclave 2026, Pandey encouraged the development of Indian good delivery standards.

The ultimate measure of success for the derivative market lies in its ability to shield the broader economy against price volatility, according to Pandey. He noted that the next stage of India's commodity derivatives market should be defined by how effectively these markets help the real economy discover prices and manage risk.

Pandey outlined four major priorities for the commodity derivatives market: making participation easier and more efficient, broadening the participant base, strengthening ties with the physical market, and investing in market education. He mentioned plans to widen the scope for foreign portfolio investors across select segments through a calibrated framework.