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Moong futures take off on NCDEX

The National Commodity & Derivatives Exchange (NCDEX), the country’s largest agri commodity exchange, recently launched trading in moong futures contract. India is among the largest producers of this pulse and one of the world’s largest consumers.

Imports of moong and its production volumes — be they higher or lower — result in price volatility. To that extent, moong futures contracts can help market participants such as processors, traders, dealers, growers and even speculators to mitigate risk.

Contract specifications

On July 8, the first day of the trade, the contract registered a volume of ₹6.51 crore, with 1,105 metric ...

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