Date:22/02/2006 URL: http://www.thehindubusinessline.com/2006/02/22/stories/2006022201921200.htm

Back Futures trading in 7 mm cardamom on NMCE soon

Our Bureau

Kochi , Feb 20

NATIONAL Multi-Commodity Exchange of India Ltd (NMCE) is introducing futures trading in cardamom 7 mm AGEB variety from the month-end, according to Mr Kailash Gupta, Managing Director.

The 7 mm contract will run concurrently with the 6 mm AGB variety on NMCE trading terminal.

Most of the AGEB variety was usually meant for export; therefore, the exchange had designed the contract by focusing on export parameters of cardamom bold, he told newspersons.

The exchange would like to follow Agmark special grade with 435 g/l lighter weight. Its trading unit will be one quintal and moisture content 11 per cent, he added.

The exchange also proposes to add two new Central Warehousing Corporation warehouses for the storage of cardamom in Idukki district in the State.