MUMBAI (Commodity Online): Ace Derivatives and Commodity Exchange Limited has announced the launch of Delhi based Sugar Contracts from January 11, 2012.
Initially Ace Derivatives and Commodity Exchange will be launching 4 contracts- February, March, April and May 2012. The contracts are being launched with basis centre as Delhi with additional delivery centers of Muzaffarnagar, Bareilly, Sitapur, Kanpur, Gorakhpur and Kolkata. It is a compulsory delivery contract with the trading and delivery unit as 10 MT and tick size as Re.1.
Dilip Bhatia, CEO, Ace Derivatives and Commodity Exchange said “Delhi is a major consumption centre in North with Sugar arriving here from various states like UP, Maharashtra & Karnataka. The launch of this contract will offer immense value to northern India sugar players as it would offer a better price discovery relevant to their respective markets.”
Ace offers trading in 8 Agri commodities namely Castor, Chana, Mustard Seed, Guar Seed, Guar Gum, Refined Soy Oil, Soybean and Sugar.
