Ace Commodity Exchange re-launches Futures Trading in Guar seed and Guar gum

20 May 2013


 

Mumbai, May 20, 2012: Ace Derivatives and Commodity Exchange Limited (“Ace”), a Kotak Mahindra Group anchored commodity exchange in India, today announced that it will commence futures trading in Guar seed and Guar gum from May 20, 2013
 
The price quotation for Guar seed and Guar gum is in Rs. per 100 kgs and the trading unit for both the contracts is 1 Metric Tonne (MT). The tick size is Rs 10. Both the contracts are compulsory delivery contracts with staggered delivery mechanism. The basis centres for Guar seed and Gum is Jodhpur and additional delivery centres are in states of Rajasthan, Haryana and Gujarat which would be the key regions participating in Guar contracts. Apart from these centres the exchange would also focus on participants from Delhi, Mumbai and Kolkata region.
 
Mr. Dilip Bhatia, CEO, Ace Derivatives and Commodity Exchange Limited said “We are pleased to re-launch an industry relevant Guar seed and Guar gum contract which will provide an effective price discovery and risk management platform to all the stakeholders in the economy. The players including farmers, brokers, traders, processors and exporters will be able to efficiently hedge the price risk they carry in their day to day trade through their participation in this contract.
 
Ace currently offers trading in 9 agri commodities viz., Refined Soy Oil, Soybean, Soybean Meal, RBD Palmolein, Cotton, Mustard Seed, Castor, Chana and Sugar.
 
About Ace
Ace Derivatives and Commodity Exchange Limited is a screen based online derivatives exchange for commodities anchored by the Kotak Mahindra Group. Ace Commodity Exchange, earlier known as Ahmedabad Commodity Exchange Limited, has been in existence for more than 5 decades in Commodity Derivatives Business, bringing in the best and transparent Business Practices in the commodity space.
 
For Further Information
 

corpcomm@aceindia.com