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How is uniformity ensured in delivered grades/varieties?

April 26, 2017delivered ensured grades uniformity

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How is uniformity ensured in delivered grades/varieties?

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The exchange will specify in its contract description, the particular grade/variety of a commodity that is being offered for trade. A range will be specified for all the properties and only those grades/ varieties, which fall within the range, will be accepted for delivery. In case the properties fall within the range, but differ from the benchmark specifications, the Exchange will specify a premium / rebate.