India is likely to keep the export ban on rice and wheat, after extending a four-month ban on futures trading in soybean oil, rubber, potatoes and chickpeas to curb high prices, a report said.

Futures trading in the four commodities has been halted till November 30, Anupam Mishra, director at the Forward Markets Commission, the commodity market regulator, was quoted as saying in the Bloomberg report.

The ban on the futures trading was announced on May 7.

The world's second biggest producer of rice and wheat imposed an export ban on rice, corn, wheat and cooking oils to cool inflation.