Business Daily from THE HINDU group of publications
Tuesday, Jun 17, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Tuesday, Jun 17, 2008 ePaper | Mobile/PDA Version | Audio |
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Agri-Biz & Commodities
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Commodity Exchanges NMCE settles June contracts Our Bureau Ahmedabad, June 16 National Multi-Commodity Exchange (NMCE) on Monday settled the June-2008 contracts in various commodities. Pepper settled at Rs14,464 (a quintal), which was marginally higher than Rs14,134 of May and Rs14,375 of April contract. The June-2008 contract in cumin seed settled at Rs10,758, up from Rs10,433, and castor seed settled at Rs2,680. However, June-2008 contract in isabgol seed (psyillium) settled at Rs4,577, down from the previous month’s Rs4,609, and guar gum at Rs4,451, also down from Rs4,596. Similarly, the June-2008 contract in sacking settled at Rs1,829 (100 bags), down from the previous month’s Rs2,013. Coconut oilAmong other commodities that matured at NMCE, coconut oil settled at Rs6,194, a little higher level than Rs6,092 from May but lower than Rs6,250 of April contract. Copra settled at Rs4,089 at slightly higher than Rs4,056 of May, but lower than Rs4,186 of April contract. The June-2008 contract in rape/mustard seed closed at Rs589 (20-kg) and cardamom at Rs628 (per kg). The settlement prices are arrived at by averaging out the spot prices of the particular commodity on three days preceding the expiry date. Different series are launched on different specified dates of the month and run for different periods. Some are traded in five series, others in less. The new series for futures contract launched included the same commodities which expired last weekend. More Stories on : Commodity Exchanges
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