Released on = April 25, 2006, 3:40 am

Press Release Author = For editorial queries only contact Melissa/Sonia of PRHUB
@22998141/ 3.

Industry = International Trade

Press Release Summary = 24x7 Learning, the largest provider of consulting and
implementation solutions in the Indian eLearning space announced the NMCE's
innovative financing scheme through Punjab National Bank and the buoyancy witnessed
in the international rubber prices have generally helped physical deliveries at NMCE
during the first fortnight of April 2006. More importantly led by rubber, many
commodities gained momentum in the NMCE and moved northwards during the first
fortnight of April 2006. However, cardamom bucked the trend and moved down sharply.


Press Release Body = Bangalore, April 25, 2006: NMCE's innovative financing scheme
through Punjab National Bank and the buoyancy witnessed in the international rubber
prices have generally helped physical deliveries at NMCE during the first fortnight
of April 2006. More importantly led by rubber, many commodities gained momentum in
the NMCE and moved northwards during the first fortnight of April 2006. However,
cardamom bucked the trend and moved down sharply.


NMCE's innovative scheme, wherein 90 % finance is offered by Punjab National Bank
against CWC warehouse receipts accompanied with forward sale contract of NMCE,
appears to be gradually finding greater acceptance by the farmers/growers and
traders. The recent trend depicts that farmers/ growers and traders in Kerala are
increasingly taking to physical deliveries through NMCE and reaping the advantage of
price discovery mechanism through futures trading. Up to March'06 1836 MT Rubber and
Pepper has been financed through PNB and the value is Rs. 14.60 crores.


Commenting on the buoyancy, Kailash Gupta, Managing Director, NMCE, said," The
encouraging response from the farmers, growers and traders to the warehouse receipt
based financing scheme, the first of its kind in India is quite heartwarming. We
hope to aggressively promote the scheme in the coming months and foresee volumes
further growing in the immediate future."


For April 2006 Series, rubber recorded physical delivery of 1300 MT as against trade
volumes of 71874 MT. With this a total quantity of 20791 MT Rubber has been
physically delivered at NMCE since initiation of futures trading. Through the
innovative scheme, 477 MT of Rubber was delivered in April 2006 series. Likewise, 59
MT Pepper was delivered in April 2006 series and with this 1148 MT Pepper has been
delivered till date taking advantage of the PNB's funding scheme.


Punjab National Bank and Central Warehousing Corporation are the promoters of NMCE
along with other institutions like National Agricultural Co-operative Marketing
Federation of India (NAFED), Gujarat Agro Industries Corporation (GAIC), National
Institute of Agricultural Marketing (NIAM), Gujarat State Agricultural Marketing
Board (GSAMB) and Neptune Overseas Ltd. (NOL). Therefore NMCE is a complete exchange
with the objective to take along all the diverse commodity relevant institutions in
different segments to assist the hedgers, growers, exporters and other market
participants. NMCE, in accordance with the rules of commodity futures, provides well
risk-managed platform and trading tools that carry minimum risk. Integrating various
stake holders and functionaries in the supply chain helps to consolidate the gain
share of growers down to the consumers.


Web Site = www.nmce.com, www.prhub.com

Contact Details = #298, Subasri, A T Halli
Shanthi Nagar, Bangalore 560027
080-22998141