I am answering w.r.t. MCX. I think they have applied for approval from regulators on Options trading, long back.
Ammendment has to be done to Forward Contract Regulation Act and the bill has to be approved in the parliament.
As far as i know, there is higher risk involved in commodities trading than Eq/ Index Trading. Also, commodity prices [especially non agri products] are heavily influenced by international price/ forex fluctuations. So, this may be the reason, it is taking longer time for approval from authorities.
Check out the BS link here.
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Commodity exchanges are waiting for approval from FMC to commence option trading