National Commodity and Derivatives Exchange Ltd (NCDEX) is all set to re-launch the Robusta Coffee contract on Monday in Bangalore.
The contracts would be launched on the futures trading platform. Coffee is the second largest traded commodity in the world.
The contract would be launched for Coffee Robusta Cherry AB, which is the largest exported grade from India. NCDEX has collaborated with the Coffee Board and has reworked the specification of the contract with the board.
Certain changes have been introduced from the previous contract, which was stopped in January 2007.
The exchange stopped futures trading in Robusta coffee in January 2007 because of lukewarm response from participants. The volume of Robusta coffee, that included the Cherry AB grade also, dipped to nine tonne in 2006 from 76 tonne in the previous year.
In the entire 2006, trade was noticed only in May and July in Robusta coffee with the volume at 7.5 tonne and 1.5 tonne respectively.The Robusta coffee production in 2006-07 season ending September is estimated at 1.9 lakh tonne out of a total of 2.7 lakh tonne likely to be produced during the year.