Mumbai, Jan 25 (PTI) Ace Commodity Exchange, a Kotak Group anchored commodity exchange, today said it will commence futures trading in soybean meal from January 27. "We are happy to launch a new product that is relevant to the market and is currently not available in any other exchange in India. With the launch of this contract, we will complete the soy complex basket adding value to the market participants," Ace Derivatives and Commodity Exchange CEO Dilip Bhatia said in a release here. Ace is immediately launching three contracts for the months of February, March and April 2012. The trading unit for the contract is one tonne, delivery unit is 10 tonne and the tick size is Re 1. Soybean meal is being launched with basis centre as Indore and the additional delivery center at Kandla. The exchange currently offers trading in eight agriculture commodities - castor, chana, mustard seed, guar seed, guar gum, refined soy oil, soybean and sugar. It had recently re-launched sugar with Delhi as basis centre. Ace is a screen-based online derivatives exchange for commodities.