The Hindu Business Line : NMCE to focus on coffee futures

The National Multi Commodity Exchange of India Ltd (NMCE) is going to focus more on coffee futures trading to increase the volume and participation. Mr Anil Mishra, CEO, NMCE, told newspersons here that the exchange plans to conduct a series of road shows in Kerala and Karnataka.

They are also planning to launch a new variety of Robusta Cherry EP futures contract at the exchange and is going to apply for permission to launch the new product before the Forward Markets Commission, he said. In addition to the existing CWC facilities, the exchange also plans to open delivery centres in Wayanad, Kushal Nagar, Hassan, Chikamagalore. The exchange is planning for a minimum lot of one tonne so that more participation can be ensured, he added. - Our Bureau

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