NMCE launches new contracts in 12 commodities

Ahmedabad, July 15 (UNI) The National Multi-Commodity Exchange (NMCE) is launching new series for futures contract in 12 commodities, besides three spread series in pepper from July 16.

The new series in six commodities -- cardamom, copra, cumin seed, guar gum, gold and silver -- will expire on October 15, 2008, an NMCE release said here today.

The release said the new series in rape/mustard seed, coconut oil and sack will expire on November 15 and that in pepper, coffee Arabica and coffee Robusta on January 15, 2009.

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

NMCE provides electronic platform for futures trading also in isabgol seed, guar seed, turmeric, menthol crystal, raw jute and non-ferrous base metals, among other commodities, the release added.

UNI MP RN AG1752