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Markets regulator the Securities and Exchange Board of India (Sebi) is all set to allow futures trading in degummed soya oil soon.
Commodity exchanges, primarily the National Commodity & Derivatives Exchange (NCDEX), had applied to Sebi seeking permission for launch of futures trading in degummed soya oil. According to exchange source, NCDEX has also applied to Sebi to allow futures in yellow peas, black pepper, RM seed cake or meal. The exchange is also planning for relaunch of chana futures, which were suspended last year on the wake of very high price rise, now that the prices have moderated.
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