The Hindu Business Line : NMCE launches futures in raw jute

"Trading in September contract resumed on June 7. However, it's a soft launch and volume of trades is low. Last week, average number of trades was around 50/100 per day. Number of units traded was around 100-150 per day," Mr Kailash Gupta, Managing Director of the Ahmedabad-based NMCE, told Business Line.

Unit of trading and units of delivery is same at 10 tonne. Price quotation is in rupees per 100 kg. Delivery centre is CWC warehouses in Kolkata. Number of delivery contracts will be 12-month contracts.

"Market last week was volatile. September contracts opened at Rs 1,065 per 100 kg on June 7 on a steady note. Last traded price at NMCE for September June contracts was Rs 1,100 per 100 kg on Monday.

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