NMCE launches new series in turmeric, soy oil, guar seed, chana

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Ahmedabad, Oct 9 (UNI) The National Multi-Commodity Exchange (NMCE) is introducing new series in turmeric, soy oil, guar seed and chana desi for futures contracts with effect from October 10.

The new series in turmeric, soy oil and guar seed will mature on February 20, 2008, while the delivery period will begin on February 18. The new series for chana desi will mature on April 19, 2008, while the delivery period will begin on April 17.

The basis delivery centre for turmeric is Central Warehousing Corporation (CWC) warehouse at Erode in Tamil Nadu, and the additional delivery centre is at CWC Nizamabad in Andhra Pradesh.

Looking to the market demand, NMCE has recently started Nizamabad as an additional delivery centre for the Nizamabad variety of turmeric at seven per cent discount. It has also effected certain changes in quality parameters in the Erode basis variety of turmeric started last June.

The delivery centre for soy oil is Indore. The delivery centres for guar seed are at Jodhpur (basis centre), Bikaner, Nokha, and Deesa with freight discount through CWC receipt. The delivery centre for chana desi is CWC warehouse in Delhi.

At present, NMCE runs futures contracts in about 180 series in 60 commodities, including pepper, cardamom, rubber, raw jute, menthol crystal, metals, oilseeds and their derivatives.

UNI

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