NMCE launches new contracts in 11 commodities

Ahmedabad, May 15: The National Multi-Commodity Exchange (NMCE) is launching new series for futures contract in 11 commodities, and three ''spread series'' in pepper from tomorrow.

The new series for the August 2008 contracts in six commodities -- cardamom, copra, cumin seed, guar gum, gold and silver, will expire on August 14, an NMCE release said here today.

The new series for September 2008 contract in rape, mustard seed and sack will expire on September 15. The November 2008 contract in coffee Arabica and Robusta, besides pepper, will expire on November 15.

The new ''spread series'' in pepper will be available for futures trading, spread over from May 16 to June 14, July 15 and August 14, 2008 respectively.

The delivery centres for different commodities are usually at the Central Warehousing Corporation (CWC) warehouses as follows: cardamom at Cochin (basis centre) and Vendenmendu; gold at Cochin; copra at Calicut; sack at Kolkata and guar gum at Bikaner.

The delivery centres for pepper are Cochin/Ernakulam (basis centre), Kottayam and Calicut, for silver Ahmedabad, Delhi, Chennai, Cochin, Mumbai, Indore and Kolkata and that for gold is at Cochin.

The delivery centre for coffee Arabica and Robusta is at CWC warehouse at Bangalore.

The delivery centre for cumin seed is at Unjha (Gujarat). The basis delivery centre for rape, mustard seed is at Patan. The other delivery centres are at Palanpur, Deesa, Dhanera, Sidhpur, Unjha, Mehsana, Kadi, Bhabhar, Harij, Talod, Himatnagar, Bhuj, Rajkot, Halwad, Jamnagar and Dhoraji.

UNI