NCDEX Launches Futures Trading In Groundnut

National Commodity & Derivatives Exchange Limited (NCDEX), one of the
leading Commodity Future Exchange is launching trading in Groundnut (in
Shell) – Bikaner Futures contract on July 10, 2009. These contracts would be
available in addition to the Existing Groundnut (in shell) – Junagadh base
contract.

The new Groundnut (in Shell) – Bikaner will help the participants to hedge
their risk in an efficient way and also lead to a better price discovery in the
physical market.

The unit of trading for Groundnut (in Shell) – Bikaner is 10 Metric Tonnes
(MT). The unit of price quotation will be in Rupees per quintal, basis Ex –
Warehouse Bikaner, Exclusive of Sales tax / VAT. Deliveries will be offered
and accepted in lot of 10 MT or multiples thereof. The symbol for new
Groundnut in Shell – Bikaner contract will be GNSLBIKR.

Initially the contract expiring in the months of August 2009, November 2009 and December 2009 will be available for trading on July 10, 2009

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