NCDEX gets Sebi's approval to launch 'whole moong' futures on July 8

India's largest agri centric commodity futures trading platform, the National Commodity & Derivatives Exchange (NCDEX) is planning to launch futures trading in 'whole raw moong' (not for direct consumption) on July 8.

Moong is one of the highest consuming and trading varieties in the Indian pulses basket.

The exchange has already received Sebi's approval for launch.

"Futures trading in moong is absolutely necessary for all stakeholders of pulses trade, which will provide them a very strong, well-regulated marketing channel. The launch of moong futures will not only help in providing advance price signals but will also help improving their price realisations. We are