Record delivery in NMCE Rubber
AHMEDABAD: The National Multi-Commodity Exchange (NMCE) has set a new record in physical delivery of 4583 Metric Tonnes (MT) of rubber in the May-2007 series, improving its own record of 4,193 MT physical delivery in the March-2007 series.
This takes the cumulative physical delivery of rubber since the beginning of the futures trading of the commodity at NMCE to 42,878 MT in less than four years, reflecting strong confidence of different segments of the market, starting from small planters to big hedgers on the exchange.
Among the other highly traded commodities at NMCE, the physical delivery of pepper in the May-2007 series stood at 1,771 MT and that of cardamom in the same series at 222 quintal.
As to the closing prices of these three hot commodities in the May-2007 series that expired yesterday, rubber settled at Rs.8,452 (per quintal), pepper (per quintal) at Rs.14,895 and cardamom at Rs.394.90 (per kg). The settlement prices are arrived at by averaging out the closing prices of the particular commodity on five days preceding the expiry date.
In case of rubber, the May-2007 series that settled at Rs.8,452 was lower than Rs.9,425 of April-2007 series and Rs 8,770 of March-2007 series.
In case of pepper, the May-2007 series that ended at Rs.14,895 was lower than Rs.15,253 of the April-2007 series but higher than Rs.11,523 of the March-2007 series.
Cardamom May-2007 series that settled at Rs.394, was lower than the April-2007 settlement price of Rs.404 and March-2007 settlement price of Rs.482.
However, among different commodities of the May-2007 series, pepper remained the volatile on NMCE trading platform. It recorded the day’s high of Rs.16,180 on April 12, 2007 and low of Rs.9,898 on December 9, 2006, during intraday trading. Pepper is concurrently traded on six series.
Rubber recorded the days’ high of Rs,11,690 on February 1, 2007 and low of Rs.8,107 on May 1. Cardamom recorded the day’s high of Rs.506.90 on February 24 and low of Rs.325.30 on May 10.
NCDEX SILVERJUL2012 03 July 2012
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