Last Updated :
25 July 2008 at 22:05 IST
Coriander Futures at MCX from July 28
Commodity Online MUMBAI: In its bid to increase its presence in agri-commodities, the Multi Commodity Exchange (MCX) has decided to launch all set to launch
Coriander Futures from July 28.
According to the MCX, the whole machine-cleaned variety of Badami coriander will be delivered at ex-Kota mandi with base price quoted in rupees per quintal inclusive of all taxes and expenses but excluding value-added tax (VAT).
Initially, trading will be available for three months for delivery in September, October and November with a lot size of 10 tonnes and margins of 7 per cent.
Daily price variation and tick size is fixed at 6 per cent and Re 1 respectively. Open position limit for clients and members is fixed at 1,000 tonnes and 3,000 tonnes. It is 12-month compulsory delivery contract.
India is the largest producer of this four-month rabi crop. The sowing begins in October while harvesting begins early February.
Rajasthan, Madhya Pradesh, Andhra Pradesh and Bihar are the major producing states of coriander.
MCX SILVER MINI 999 30 June 2012
contract was trading at
Rs 55950 , up Rs. 309 . What's your view on it?
After reading this article, people also read:
