NMCE launches new series in Turmeric, Soy oil, Guar seed and Chana

Ahmedabad, Nov 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 November 10.

The new series in Turmeric, Soy oil and Guar seed will expire on March 20, 2008, while the delivery period will begin three days prior to that, on March 18. In case of Chana Desi, the new series will expire on May 20, 2008, while the delivery period will begin on May 17, an NMCE release said here today.

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.

The delivery centre for Soy oil is Indore in Madhya Pradesh.

The delivery centres for Guar seed are at Jodhpur (basis centre), Bikaner, Nokha in Rajasthan and Deesa in Gujarat with freight discount through CWC receipt. The delivery centre for Chana Desi is CWC warehouse in Delhi.

At present, NMCE runs futures contracts also in pepper, cardamom, rubber, raw jute, menthol crystal, metals, oilseeds and their derivatives.

UNI