Commodity exchange introduces futures contracts in coffeeApril 2nd, 2008 - 11:56 pm ICT by admin
Ahmedabad, April 2 (IANS) The National Multi-Commodity Exchange (NMCE) Wednesday introduced futures contract in Coffee Arabica, Coffee Robusta and other commodities, after receiving the approval of the Forward Markets Commission (FMC). The two new contracts in both varieties of coffee will expire on July 15 and Sep 15 respectively. The delivery centre will be the Central Warehousing Corporation (CWC) warehouse at Bangalore.
The NMCE also introduced two new contracts for futures trading in chana (gram), which will expire on July 19 and Aug 20 respectively. The delivery centre for the commodity will be the CWC warehouse in Delhi.
The other commodities introduced for trading are sacking, soy oil, turmeric and kilo gold.
The maturity dates and delivery centres for these commodities are: sacking on July 15 at the CWC warehouse in Kolkata, soy oil on July 19 at Indore, and turmeric on July 19 at the CWC warehouse at Erode in Tamil Nadu (basis centre) and Nizamabad (Andhra Pradesh).
The maturity date for kilo gold will be Aug 5 and its delivery centres will be Ahmedabad (basis centre), besides Chennai, Hyderabad, Jaipur, Kolkata and New Delhi.
The NMCE provides e-platform for futures trading also in rubber, pepper, guar seed, castor seed, rape/mustard seed, copra, cardamom, turmeric, non-ferrous metals, menthol crystal and raw jute.
Tags: arabica coffee, cardamom, castor seed, central warehousing corporation, coffee robusta, copra, delivery centre, delivery centres, forward markets, futures contract, futures contracts, guar seed, maturity date, maturity dates, multi commodity exchange, mustard seed, nmce, non ferrous metals, raw jute, varieties of coffee