The National Multi Commodity Exchange of India Ltd (NMCE) has announced modification in the castorseed contract, thereby making it deliverable as per the required market specifications. NMCE had constituted a Trade Advisory Committee (TAC) on castorseed for reviewing all the existing contract parameters of the contract and make them deliverable.
The changes in the specifications were necessary to achieve wider participation from all the stakeholders. Currently, three futures contracts for November, December and January 2017 are active. The February 2017 series will be offered as per the delivery specifications.