MUMBAI (Reuters) - The National Commodity and Derivatives Exchange Ltd (NCDEX) will relaunch futures trading in robusta coffee on September 10, a senior exchange official said on Tuesday.
The contracts for arabica coffee would also be relaunched soon but the date has not been decided yet, he added.
"We are coming up with a different grade of robusta. Earlier, it was robusta cherry clean bulk, now it will be Robusta cherry AB," said the exchange official, who did not want to be named.
Robusta cherry AB is the most exported grade from India. So, people were not getting enough reference from clean bulk contracts and hence it became illiquid over a period of time, he said.
Robusta, more tolerant to warm conditions than Arabica, constitutes about 65 percent of India's total coffee output of 295,000 tonnes.
Aucun commentaire:
Enregistrer un commentaire