THE National Multi-Commodity Exchange (NMCE) has become the first commodity exchange in India to introduce futures contracts in menthol crystals. Having received approval from the Forward Markets Commission, the NMCE launched three futures contracts for menthol crystals to expire on October 15, November 15 and December 15, 2007, respectively. Menthol crystals are produced from mentha oil, which is widely used in confectionery and pharmaceutical formulations... Read More