NCDEX to launch new maize futures contracts on Friday
National Commodity and Derivatives Exchange (NCDEX) said it will launch four futures trading contracts in maize on Friday.
By PTI |
NEW DELHI: National Commodity and Derivatives Exchange ( NCDEX) said it will launch four futures trading contracts in maize on Friday.
The futures contracts will be allowed in maize-feed of industrial grade from May 21, the exchange circular said.
The contracts are scheduled to expire in June, July, August and September, it said.
According to the NCDEX, commodity brokers (members) can trade up to 30,000 tonne, while individual traders can trade up to 10,000 tonnes in one contract.
The exchange also said that it will not launch new contracts in yellow/red maize of edible grade after the existing contracts mature in September.
The futures contracts will be allowed in maize-feed of industrial grade from May 21, the exchange circular said.
The contracts are scheduled to expire in June, July, August and September, it said.
According to the NCDEX, commodity brokers (members) can trade up to 30,000 tonne, while individual traders can trade up to 10,000 tonnes in one contract.
The exchange also said that it will not launch new contracts in yellow/red maize of edible grade after the existing contracts mature in September.
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