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Current
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Changes incorporated in the Existing Cotton Futures Contract
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Modifications
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Symbol
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COTTONBSE
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COTTON29
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Change in symbol
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Trading Unit
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20 bales
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25 bales
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Change in trading unit
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Additional delivery Centres
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1) Aurangabad (Maharashtra)
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1) Jalna (Maharashtra)
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Change in Additional delivery centres:
Added:
- Jalna (Maharashtra)
- Mundra (Gujarat)
- Warangal (Telangana
Removed:
- Aurangabad (Maharashtra)
- Jalgaon (Maharashtra)
- Hyderabad (Telangana)
- Khargaon (Madhya Pradesh)
- Hanumangarh (Rajasthan)
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2) Jalgaon (Maharashtra)
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2) Yavatmal (Maharashtra)
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3) Yavatmal (Maharashtra)
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3) Kadi (Gujarat)
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4) Kadi (Gujarat)
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4) Mundra (Gujarat)
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5) Hyderabad (Telangana).
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5) Warangal (Telangana)
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6) Khargaon (Madhya Pradesh)
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7) Hanumangarh (Rajasthan)
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Delivery unit
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20 bales (34 quintals* or 9.55 candy approx.) *+/- 7%
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25 bales (42.5 quintals* or 12 candy approx.) *+/- 7%
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Change in delivery unit in line with change in trading lot
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Quality Specifications on Physical Inspection and HVI Mode
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Goods should lie within the Tenderable Range according to defined quality specifications. Outlaying goods will not be accepted for delivery.
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Goods should lie within the Tenderable Range according to defined quality specifications. Outlaying goods will not be accepted for delivery.
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Ginning Pattern: Roller Ginned Cotton.
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Ginning Pattern: Roller Ginned Cotton. Saw Ginned Cotton will be accepted with discount.
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Additional condition on acceptance of Saw Ginned Cotton
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1)Basis Grade: Standardized grade as per HVI Middling 31- 3; grades between 11-1 to 31-3 are accepted with Nil premium. Above 31-3 to 41-4 are accepted with discount.
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1) Basis Grade: Standardized grade as per HVI Middling 31-3; grades between 11-1 and 42-3 are accepted with premium/ discount.
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Changes in premium/ discount for grades other than 31-3
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2)Staple 29 mm (-1mm) with discount. Below 28 mm reject and above 29 mm no premium
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2) Staple 2.5% span length - 29 mm (+2.5mm/-1mm) with premium/ discount. Below 28 mm reject and above 31.50 mm no additional premium.
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Change in staple
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3)Micronaire (MIC): 3.6 — 4.8 +/-0.1 with discount. Below 3.5 and above 4.9 reject.
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3) Micronaire (MIC): 3.6 – 4.8 +/-0.1 with discount. Below 3.5 and above 4.9 reject.
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4)Tensile Strength: 28 GPT Minimum, below 28mm rejected.
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4) Tensile Strength: 28 GPT Minimum, No premium or discount.
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Change in premium/ discount on Tensile strength
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5)Trash: 3.5% + 1.5% with no premium but discount. More than 5% reject.
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5) Trash: 3.5% +/-1.5% with premium and discount. More than 5% reject.
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Change in premium relating to Trash
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6)Moisture: Upto 9%. Acceptable up to 10 %(average) at discount.
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6) Moisture: Up to 8.5%. Acceptable up to 9.5% (average) at discount.
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Change in acceptance with moisture at a discount
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The premiums/discounts with respect to quality specifications (in respect to Grade, Staple, Micronaire, Trash and Moisture) will be announced by exchange before the launch of contract.
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