NMCE sets record 2,356 MT physical delivery in pepper

Ahmedabad, June 18 (UNI) The National Multi-Commodity Exchange (NMCE) has set a new record in physical delivery of 2,356 metric tonnes (MT) of pepper in the June-2007 series.

The ratio of physical delivery to the commodity's cumulative turnover of 1,72,750 MT in the June-2007 series, which was launched in December 16, 2006, stood at 1.36 per cent. This reflects the market's strong confidence on the exchange, starting from small planters, traders and investors to big hedgers.

Pepper's June-2007 series record in physical delivery was an improvement of the exchange's own record of 1,915 MT delivered in the March-2007 series.

Taking into consideration pepper's delivery figures year-on-year basis, June-2007 series' 2,356 MT was 658 per cent higher than 358 MT delivered in June 2006.

The cumulative physical delivery of pepper since the beginning of the futures trading in the commodity four years back at NMCE totalled 27,356 MT.

UNI