NMCE introduces futures contracts in six commodities

Ahmedabad, Apr 2 (UNI) The National Multi-Commodity Exchange (NMCE) today introduced futures contract in Coffee Arabica and Coffee Robusta, besides other commodities, after receiving approval of the Forward Markets Commission (FMC).

The two new contracts in both the varieties of coffee will expire on July 15 and September 15 respectively. The delivery centre will be the Central Warehousing Corporation (CWC) warehouse at Bangalore.

NMCE also introduced two new contracts for futures trading in Chana, which will expire on July 19 and August 20 respectively. The delivery centre for the commodity will be CWC warehouse in Delhi.

The other commodities, introduced from today, are sacking, soy oil, turmeric and kilo gold.

The maturity dates and delivery centres for these commodities will be -- sacking on July 15 at CWC warehouse in Kolkata, soy oil on July 19 at Indore, turmeric on July 19 at CWC warehouse in Erode in Tamil Nadu (basis centre) and Nizamabad (Andhra Pradesh).

The maturity date for kilo gold will be August 5 and its delivery centres will be at Ahmedabad (basis centre), Chennai, Hyderabad, Jaipur, Kolkata and New Delhi.

NMCE also provides e-platform for futures trading in rubber, pepper, guar seed, castor seed, rape/mustard seed, copra, cardamom, turmeric, non-ferrous metals (also called base metals), menthol crystal and raw jute.

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