MCX launches futures trading in almond

Multi Commodity Exchange (MCX), which is trying to step up volumes in agri-commodities, today launched futures trading in almond (non pariel) for September delivery.      

The September contract opened at Rs 318 per kg and made a high of Rs 330.75 per kg. At 1045 hrs, the contract was trading up by 3.62 per cent at Rs 329 per kg.     

According to the exchange circular, the trading unit of the contract will be 500 kg and the maximum order size will be 10,000 kg.      

A client and member can trade up to 120 tonnes and 360 tonnes respectively. A month before the expiry of the contract, client can maximum trade 40 tonnes and member 120 tonnes, it said, adding that the daily price fluctuation limit would be three per cent.      

MCX said futures contract for October, November and December delivery are also available for trading.      

MCX has over 25 farm commodities and volumes in most agri-futures contracts remain lower than its rival NCDEX.