Financial Daily from THE HINDU group of publications
Wednesday, Jan 19, 2005
Financial Daily from THE HINDU group of publications Wednesday, Jan 19, 2005 |
|
|
|
|
|
Agri-Biz & Commodities
-
Spices & Condiments MCX kicks off jeera futures Our Bureau
Mumbai , Jan. 18 THE Multi-Commodity Exchange (MCX) has launched futures trading in jeera (cumin seeds). With the launch of jeera futures, the total number of commodities traded on the MCX platform is now 42, an exchange release said. Indian origin jeera of FAQ variety as quoted ex-Unjha exclusive of all taxes is being offered for futures trading. Unjha is the leading centre in the country for jeera trade. Contract size has been kept at 2 tonnes, with quotation in per kg and tick size of 10 paise. Each contract would be of 3 months duration and expiring on 15th of every contract expiry month. Daily price limit has been fixed at 4 per cent with an initial margin of 5 per cent and also provision for special margin in case of excessive volatility. The maximum order size is 50 tonnes.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|