The Robusta cherry AB Coffee futures contract will relaunch on Friday at the national commodity and derivatives market (NCDEX).
Initial trading would be restricted to monthly contracts with April, March, and February expiration dates. The contract would be a mandatory delivery contract that must be fulfilled in the Karnataka city of Kushalnagar.
The contract will feature a daily price cap of 6%, which means that whenever prices hit a maximum of 4% on either side, trading will be suspended for 15 minutes to allow for cooling off, following which 2 % movement can be permitted on the same side until the end of the season. The contract’s lot size has been set at one tonne.