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Ahmedabad, July 6 The National Multi-Commodity Exchange (NMCE) has revised the initial margins in pepper (kali mirch) and cumin (jeera) futures contract, which shall be 12.5 per cent for the sellers and 18.5 per cent for the buyers, from Friday. The revised margins would be collected on real-time basis and would be applicable with effect from commencement of trade today, according to a release here.

This is in pursuance of the latest circular of Forward Markets Commission (FMC), superseding its earlier directive issued in April last. India contributes about 70 per cent of global production of cumin seed and 20 per cent of pepper.

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NMCE revises margin in pepper, cumin

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