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The National Commodity and Derivatives Exchange (NCDEX) plans to re-launch rubber futures contract (Rubber RSS 4) on Monday.
Mr Vijay Kumar, Chief Business Officer, NCDEX, said the exchange is constantly striving to improve contract specifications to suit the needs of value chain participants, particularly hedgers.
The contract size will be one tonne and the price quotation will be in Rs /quintal. The tick size will be Rs 10.
Delivery centres
The basis centre will be Kochi with additional delivery centres as Kottayam, Kozhikode, Thrissur, Manjeri and Palakkad.
Trading in a contract shall be permitted right until the day of expiry (20th of every month, unless otherwise specified).
Any depositor of rubber will receive the warehouse certificate immediately after the deposit at an NCDEX-accredited warehouse.
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