The National Multi-Commodity Exchange (NMCE) is launching a new series for futures contracts in 13 commodities, besides three ?spread series? in pepper, from Saturday. The new ?spread series? in pepper will be available for futures trading, spread over from August 16 through September 15, October 15 and November 15, 2008 respectively.
The new series in six commodities – cardamom, copra, cumin seed, guar gum, gold and silver – will expire on November 15. The new series in rape-mustard seed, coconut oil and sack will expire on December 15, kilo gold on February 5, and that in pepper, castor seed (10 metric tonne) and isabgul (psyllium seed) on February 14, 2009.
NMCE provides an electronic trading platform for futures trading also in guar seed, turmeric, menthol crystal, raw jute and non-ferrous base metals, among other commodities.