The National Multi-commodity exchange (NMCE) on Tuesday introduced futures contract 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, an exchange release said.
NMCE also introduced two new contracts for futures trading in chana on Tuesday which will expire on July 19 and August 20, 2008 respectively. The delivery centre for the commodity will be CWC warehouse in Delhi. The other commodities introduced from Tuesday are sacking, soy oil, turmeric and kilo gold.
The maturity date for kilo gold will be August 5, 2008 and its delivery centres are Ahmedabad (basis centre), Chennai, Hyderabad, Jaipur, Kolkata and New Delhi. NMCE provides e-platform for futures trading also in rubber, pepper, guar seed, castor seed, rape/mustard seed, copra, cardamom, turmeric, non-ferrous metals (also called base metals), menthol crystal and raw jute.
The maturity dates and delivery centres for will be as follows: sacking on July 15 at CWC in Kolkata, soy oil on July 19 at Indore, turmeric on July 19 at CWC warehouse at Erode and Nizamabad.