NMCE launches 3 futures contract in coconut oil
The National Multi-Commodity Exchange (NMCE) is launching three futures contracts in coconut oil from June 16.
By PTI |
NEW DELHI: The National Multi-Commodity Exchange (NMCE) is launching three futures contracts in coconut oil from June 16.
"NMCE has introduced premium grade coconut oil, in addition to the existing basic edible grade coconut oil with certain modifications in contract specifications," NMCE said in a statement.
The contracts would expire on August 14, September 15 and October 15 respectively this year, it added.
NMCE said, as per the modifications, the oleic acid content as free fatty acid (FFA) in the premium grade coconut oil should not exceed 1.0 per cent, if it exceeds 1.0 per cent, the buyer would have the option to reject.
These changes have been approved by the commodities market regulator Forward Markets Commission (FMC).
Meanwhile, NMCE launched a series for futures contract in guar seed (10 MT) and turmeric with effect from June 10, both expiring on October 20.
NMCE also provides trading platform for copra, pepper, isabgol (psyllium seed), rape or mustard seed, sacking, castor seed and non-ferrous base metals, among other commodities.
"NMCE has introduced premium grade coconut oil, in addition to the existing basic edible grade coconut oil with certain modifications in contract specifications," NMCE said in a statement.
The contracts would expire on August 14, September 15 and October 15 respectively this year, it added.
NMCE said, as per the modifications, the oleic acid content as free fatty acid (FFA) in the premium grade coconut oil should not exceed 1.0 per cent, if it exceeds 1.0 per cent, the buyer would have the option to reject.
These changes have been approved by the commodities market regulator Forward Markets Commission (FMC).
Meanwhile, NMCE launched a series for futures contract in guar seed (10 MT) and turmeric with effect from June 10, both expiring on October 20.
ADVERTISEMENT
NMCE also provides trading platform for copra, pepper, isabgol (psyllium seed), rape or mustard seed, sacking, castor seed and non-ferrous base metals, among other commodities.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
