The National Multi-Commodity Exchange (NMCE), Ahmedabad, has launched new series for futures contract in 11 commodities, and six ‘spread series’ in two commodities on Monday.
The new series for the June-2008 contracts in eight commodities – cardamom, coconut oil, copra, cumin seed, guar gum, isabgul seed, gold and silver – will expire on June 14, 2008. The news series in rape/mustard seed and rubber will expire on July 15 and that in pepper on September 15 this year.
The six new ‘spread series’ include three each in pepper and rubber, which will be available for futures trading, spread over from March 17 to April 15, May 15 and June 14, 2008 respectively, an exchange release said.
The delivery centres for different commodities are usually at the Central Warehousing Corporation (CWC) warehouses as follows: cardamom at CWC Cochin (basis centre) and Vendenmendu; coconut oil and gold at CWC Cochin; copra at CWC Calicut; cumin seed and isabgul seed at Unjha and that for guar gum is at CWC Bikaner. The delivery centre for rubber and pepper are Cochin/Ernakulam (basis centre), Kottayam and Calicut, whereas that for silver are Ahmedabad, Delhi, Chennai, Cochin, Mumbai, Indore and Kolkata.