The Multi Commodity Exchange of India Ltd (MCX) has signed a memorandum of understanding (MoU) with the Indian Cotton Federation (ICF) to enable the latter’s members to effectively participate in the exchange’s knowledge-sharing initiatives to understand the benefits, techniques and strategies of risk management using cotton futures contracts.
The agreement will facilitate collaboration in fields like organising awareness events for cotton value chain participants, including farmers across the southern belt; installation of price ticker board at textile parks; and joint representation to ministries and regulators for further development of the sector, among other activities, according to a report in a top Indian business daily. (DS)
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