NCDEX modifies Crude Palm Oil contract specification

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Hyderabad, Nov 5 (UNI) NCDEX has made modification in the Crude Palm Oil contract specification by adding Kakinada as an additional delivery centre in all running contracts for Crude Palm Oil.

Kakinada is one of the largest ports for Crude Palm Oil imports in India.

The Kakinada Centre has been kept at a discount of Rs 5/10 kg as compared to the Kandla Centre, a press release here today said.

The addition of Kakinada Centre will help increase participation of South-based importers, processors and traders.

The changes have been made in all the running contracts till January 2009 and also for all future contracts.

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