Futures contracts in metals, menthol, jute from Monday

May 30th, 2008 - 11:55 pm ICT by admin  

Ahmedabad, May 30 (IANS) The National Multi-Commodity Exchange (NMCE) has launched new series for futures contract in non-ferrous metals, menthol crystal and raw jute. All the new contracts will be available for trading on NMCE e-platforms from Monday. The new contracts in the six non-ferrous metals - aluminium ingot, nickel prime, copper, zinc, lead and tin - will mature Aug 30, 2008. The new contracts in menthol crystal will expire Sep 30 and that in raw jute Oct 31.

The delivery centres for different commodities are at the specified warehouses of the Central Warehousing Corp (CWC). For the six base metals, it is at the CWC warehouse in Mumbai, for menthol crystal is CWC warehouse at Chandausi (Uttar Pradesh) and for raw jute it is CWC warehouse in Kolkata.

Besides these commodities, NMCE provides electronic platform for futures trading also in pepper, sacking, guar seed, castor seed, rape/mustard seed, copra, cardamom, turmeric, oilseeds and edible oils.

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