NMCE to launch new futures contracts in 13 commodities

August 14th, 2008 - 7:16 pm ICT by IANS  


Ahmedabad, Aug 14(IANS) The National Multi-Commodity Exchange (NMCE) here is launching Saturday a new series of futures contracts in 13 commodities, besides three ’spread series’ in pepper. The new series in six of the 13 commodities - cardamom, copra, cumin seed, guar gum, gold and silver - will expire on November 15, 2008, an NMCE statement said here Thursday.

The new series in the other commodities - rape/mustard seed, coconut oil and sack - will expire on December 15, kilo gold on February 5, 2009, and that in pepper, castor seed (10 MT) and isabgol (psyllium seed) on February 14, 2009.

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

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

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