Rice

Rice is the seed of the monocot plants Oryza sativa (Asian rice) or Oryza glaberrima (African rice). As a cereal grain, it is the most important staple food for a large part of the world's human population. It is the grain with the third-highest worldwide production, after maize (corn) and wheat.

SymbolRC
Contract size10, 50, 100 metric tons
Price QuotationKES,UES, EURO,USD per metric tons
Contract ListingsMarch, May, July, September, December
Min. price movement0.25USD/metric ton
SettlementCash settled
Daily price limit5 % of previous day close
First trading dayA new contract month shall be eligible to be listed for trading on the first business day of the calendar month that proceeds the contract month by 24 calendar months.
First notice dayTen business days prior to first business day of delivery month.
Last trading dayOne business day prior to last notice day.
Last notice dayTen business days prior to last business day of delivery month.
Position limitsPosition limit 15% of open market contracts.
Maintenance marginAll maintenance margin requirements and calculations will be based on the settlement price determined according to this rule

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