New guar seed, turmeric contracts to be launched

July 9th, 2008 - 7:45 pm ICT by IANS  


Ahmedabad, July 9 (IANS) The National Multi-Commodity Exchange (NMCE) will launch a new series for futures contract in guar seed and turmeric Thursday. The new series in guar seed and turmeric - called November 2008 contracts - will expire November 20, while the delivery period for both commodities will begin November 17.

The basis delivery centre for guar seed is at Deesa (Gujarat) and that for turmeric is at Central Warehousing Corporation (CWC) warehouse at Erode (Tamil Nadu) and additional delivery centre at Nizamabad (Andhra Pradesh).

At present, NMCE runs futures contracts in 94 series in 25 commodities including pepper, castor, mustard and rape seeds, jute sacking, copra and non-ferrous base metals.

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