NCDEX launches hybrid Chilli-Teja contract with direct delivery

National Commodity & Derivatives Exchange (NCDEX), the leading commodity exchange, is launching its Chilli-Teja contract, this contract with modified specifications of Chilli -Teja will be available for trading from Tuesday, April 15, 2014. The contract which has been designed for the benefit of the major consuming industries of chilli has an innovative direct delivery mechanism (sellers warehouse model). This will be of tremendous benefit to buyers who can now be rest assured of quality delivery of goods meeting contract specifications since it entails compulsory outbound quality check by exchange approved assayer at the time of settlement. Based on the feedback received from market participants and approval received from FMC, the exchange is launching the Chilli Teja contract with Khammam as the delivery centre and Guntur as the additional delivery center.