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Turmeric

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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