The Hindu Business Line : Nod for NMCE July, Sept coffee contracts

Ahmedabad, April 2 The National Multi-Commodity Exchange (NMCE) on Wednesday introduced futures contracts in coffee arabica and coffee robusta, besides other commodities, after receiving approval of the Forward Markets Commission (FMC).

The two new contracts in both the varieties of coffee will expire on July 15 and September 15, 2008 respectively.

The delivery centre will be the Central Warehousing Corporation (CWC) warehouse at Bangalore, NMCE said in a statement here.

NMCE also introduced two new contracts for futures trading in chana today, which will expire on July 19 and August 20, 2008 respectively. The delivery centre for the commodity will be CWC warehouse in Delhi.

Futures contract for the other commodities, introduced from today, are sacking, soya oil, turmeric and kg gold.

The maturity dates and delivery centres for these commodities will be as follows: sacking on July 15 at CWC warehouse in Kolkata, soya oil on July 19 at Indore, turmeric on July 19 at CWC warehouse at Erode in Tamil Nadu (basis centre) and Nizamabad (Andhra Pradesh). The maturity date for kilo gold will be August 5, 2008 and its delivery centres at Ahmedabad (basis centre), besides Chennai, Hyderabad, Jaipur, Kolkata and New Delhi.

NMCE provides e-platform for futures trading also in rubber, pepper, guarseed, castorseed, rape/mustard seed, copra, cardamom, turmeric, non-ferrous metals (also called base metals), menthol crystal and raw jute.

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