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Informist, Thursday, Dec. 19, 2024

MUMBAI – The National Commodity and Derivatives Exchange Ltd. will launch options contracts on turmeric, coriander, and jeera futures, according to a circular issued by the exchange Thursday. The contracts will be available for trading from Jan. 2, the exchange said in the circular.

Options on futures contracts of turmeric and coriander expiring in April, May, and June, and options on futures contracts of jeera expiring in March, April and May will be launched. The trading unit of options on turmeric is 5 tonnes and the maximum order size is 250 tonnes. The tick size of the contract will be INR 1 per 100 kg, NCDEX said.

The trading unit of options on jeera is 3 tonnes, the maximum order size is 150 tonnes, and the tick size is INR 2 per 100 kg. Similarly, the trading unit of options on coriander is 5 tonnes with a maximum order size of 500 tonnes. The tick size of the contract will be INR 1 per 100 kg, the exchange said.

The options type is European for all three commodities. On expiry, the outstanding open position will result in devolvement into the respective futures, the exchange said. The transaction charges applicable on options on the spices complex will be at a flat rate of INR 30 per INR 100,000 turnover of premium turnover value effective from Jan. 2, the release said.  End

Reported by Ashutosh Pati

Edited by Deepshikha Bhardwaj

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