NMCE to launch new contracts in 15 commodities from June 16

Ahmedabad, Jun 13 (UNI) The National Multi-Commodity Exchange (NMCE) is launching new series for futures contract in 15 commodities, and three 'spread series' in pepper from June 16.

The new series in six commodities -- cardamom, copra, cuminseed, guar gum, gold and silver -- will expire on September 15.

An NMCE release said here today that the new series in rape/mustard seed will expire on October 15 and that in kilo gold on December 5. The new series in pepper, castorseed (10 MT) and isabgol (psyllium seed) will expire on December 15.

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

The NMCE is also launching three new futures contracts in coconut oil from June 16, as announced earlier this week. They will expire on August 14, September 15 and October 15 respectively in 2008.

In addition to the existing 'edible grade' coconut oil, the Exchange has introduced 'premium grade' coconut oil' for futures trading, with certain modifications in contract specifications.

NMCE also provides trading platform for guar seed, turmeric and non-ferrous base metals, among other commodities.

Meanwhile, the DM Warehousing&Logistics Private Limited of Ahmedabad has been designated as an 'intermediary warehouse' at its Kadi centre for the delivery of commodities, as per the Rules, Bye Laws and Regulations of the Exchange, the release added.

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