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NCDEX announces settlement price of banned items
Wednesday, May 14, 2008 17:23 [IST]
New Delhi: Leading agriculture commodity bourse National Commodity and Derivative Exchange has announced the final settlement price of banned food items -- chana, potato, rubber and soya oil.

The settlement price of all futures contracts (chana, potato, rubber and soya oil) and whose outstanding positions are closed would be determined on the closing price on May 7.

Government had banned these commodities from futures trading on May 7 for four months in order to curb rising food prices and contain inflation.

Prices of May contract of chana has been fixed at Rs 2,524 per quintal, June contract at Rs 2,597 per quintal, July contract at 2,675 per quintal, August contract at Rs 2,743 per quintal and September contract at Rs 2,801 per quintal.

FSP of May contract of potato has been fixed at Rs 441.70 per quintal, June contract at Rs 443.10 per quintal, July contract at Rs 446.30 per quintal and August contract at Rs 449.80 per quintal.

The exchange said that the FSP of May delivery of rubber has been kept at Rs 12,055 per quintal, June at Rs 12,138 per quintal while July at Rs 12,214 per quintal.

As far as soya oil is concerned, settlement price of May contract would be Rs 583.60 per 10 kg, June contract at Rs 585.35 per 10 kg and July contract Rs 586.10 per 10 kg.
Source : PTI

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