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TURMERIC CONTRACT
Asset Code TURMIC
Product Code TURMICF
Series Code TRMMMMYYYY
Trading System NMCEs Derivatives Trading andSettlement System
Trading Hours Monday to Friday :10:00 am to 5:00 pmSaturday :10:00 am to 2:00 pm
Unit of Trading 10 MT
Delivery Unit 10 MT
Quotation/Base Value Rs. Per 100 kg Ex CWC Erode inclusive of VAT
Tick Size 10 paise
Price Band
Dailyprice limit will be 2%. If the price touches 2%, trading will continue with 2%limit for the 15 minutes period from the time 2% limit was reached. Thereafter,price limit would be extended by another (+)/(-) 2%. No trade would bepermitted during the day beyond the price limit of (+)/(-) 4% from the previousdays closing price.
Quality Specification
1.Basis Variety Erode FarmerPolished Turmeric Finger Inferior quality Turmeric = 1.5 % Max. Length of thefinger -Broken/less than 15 mm= 3.00 % Max - Minimum 75 % Fingers =3 CM &above Damage due to moisture ( Lokhandi) or Over boiling (Kadh) =1.2 % max.Unboiled or Less boiled = 0.3 % max Foreign Matter (Bhusa, Chaff Dirt, earthclods & stone = 0.75% max Bulbs = 3 % max Moisture = 12 % max (acceptableup to 13 % on discounting 1:1 basis) Turmeric should be free from infestation,fungus & not be artificially colored with dyes & chemicals 2.Unpolished Turmeric Fingers Nizamabad Quality Damage due to Moisture (Lokhandi)or over boiling (Kadh) = 2% Max Unboiled or less boiled = 1% Max Bulbs = 5% MaxOther quality parameters shall remain unchanged as mentioned above for Erode Variety
No. of delivery Contracts in ayear Maximum 12 contracts in ayear
Delivery Centers
1. CWC warehouses at Erode(Basis),
2. CWC warehouses Nizamabad
Opening of Contracts Trading in any contract month will open on10th day of the month, if 10th happens to be a non trading day
Source :- www.nmce.com
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