Multi Commodity Exchange of India Ltd. (MCX), India’s leading commodity exchange announced the launch of Cardamom futures. With this launch traders will be able to check prices at auction centres along with MCX prices and then decide where to sell.
Commenting on the launch, Mr. Jignesh Shah, Managing Director and CEO, MCX said, ‘”Cardamom is one of the most exotic and highly prized spices of India. Major reforms have taken place in the commodity markets over the past few years and this launch will provide a reliable, transparent and efficient price risk management tool for cardamom growers, traders and exporters.”
Read the rest of the story at the MCX Website …