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  Undecorticated Cotton seed oilcake
Type of contract Futures Contract Specifications
Name of commodity Undecorticated Cotton seed oilcake
Ticker symbol COCUDCAKL
Trading system NCDEX Trading System
Basis Ex-Warehouse Akola exclusive of sales tax
Unit of trading 10 MT
Delivery unit 10 MT
Quotation/ Base value Rs. Per 50 Kg
Tick size 10 Paisa
Quality specification Pure unadulterated cotton seed oilcake in pellet form
  • Moisture Content: 10% (Max)
  • Oil Content: 6 % ( Min)
  • Fibre: 25 % ( Max)
  • Sand and Silica: 2.5 % (Max)
  • Protein:24% (Min)
  • Colour : Greenish yellow

Free from adulterants like Rice Bran cake, Rice Bran husk, Castor seed husk, safflower cake (Kardi cake)
Quantity variation +/- 2%
Delivery center Akola
Additional delivery center Kadi
Hours of Trading As per directions of the Forward Markets Commission from time to time, currently -

Mondays through Fridays :
Morning Session - 10:00 a. m. to 05:00 p.m.
Pre-open Session - 05:25 p.m. to 05:30 p.m. · Evening Session - 05:30 p.m. to 08:00 p.m.

Saturdays : 10.00 a.m. to 2.00 p.m.

On the expiry date, contracts expiring on that day will not be available for trading after 5.00 p.m.
Due date/Expiry date 20th day of the delivery month
If 20th happens to be a holiday, a Saturday or a Sunday then the due date shall be the immediately preceding trading day of the Exchange
Delivery specification Upon expiry of the contract, if any seller with open position desires to give delivery at a particular delivery centre, then the corresponding buyer with open position as matched by the process put in place by the Exchange shall be bound to settle by taking physical delivery.
Closing of contract All open positions will be settled as per general rules and product specific regulations
Opening of contracts The first set of contracts will be launched immediately upon approval of the Forward Markets Commission.

Subsequently, trading in any contract month will open on the 21st day of the month. If the 21st day happens to be a non-trading day, contracts would open on the next trading day.
No. of active contracts Minimum 2 contracts and maximum 12 contracts running concurrently.
Price band Limit of 5 percent
Position limits Member-wise: 50,000 MT
Client-wise: 10,000 MT
Quality Allowance(for Delivery) None
Special margins

Special Margins, by way of addition to the normal margins, would be levied on a large unidirectional movement of any Cotton seed Oilcake contract on either the buy or sale side whichever way the movement has happened based on the first day settlement price of that contract and valid for the life of that contract.

A 20 per cent rise or fall from the closing price of first day would attract a special margin of 4 per cent of the value of the contract by buyer or seller depending on whether price rises or falls.

 
 
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