• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Ahmedabad, Oct. 12

Even as the National Multi Commodity Exchange (NMCE) has modified contract specifications of cardamom with immediate effect, it has added Central Warehouse Corporation (CWC) warehouse at Vendenmendu in Kerala as an additional delivery centre for cardamom.

The proposed changes, approved by the Forward Markets Commission (FMC), include that in size, weight, colour and certain other parameters.

Meanwhile, Yes Bank Ltd has been added as another clearing bank of NMCE, as per the rules, regulations and the bye-laws of the exchange. Members can open their settlement and client accounts with Yes Bank, in addition to HDFC Bank, which is already on the NMCE Empanelment as a clearing bank, NMCE said in a release here today on Wednesday.

The exchange has introduced an additional tender-able variety of cardamom, which should remain on the sieve of 7 mm size with 18 per cent premium. This is in addition to cardamom, which should be retained by the 6 mm size in the sieve.

The cardamom should have a minimum volumetric weight of 400 grams/litre as against 415 gram/litre earlier. They could be of ‘fancy green’ and ‘fast green’, in addition to ‘deep green’ and ‘simply green’. They should not be discoloured capsules.

The newly-opened delivery centre at CWC warehouse at in Vendenmendu in Idukki district is at par with Cochin Basis Centre.

More Stories on : Commodity Exchanges | Spices & Condiments | Private Banks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
NMCE modifies cardamom contract norms

Copyright © 2007, 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