Interviews
Commodity exchange offers trading benefits to cotton farmers
19 Apr '07
1 min read
Multi Commodity Exchange of India (MCX), India's first multi-commodity, online exchange launched its operations in November 2003. It is now providing khowledge to small cotton farmers of Gujarat on trading benefits in futures and reducing business risk.
Dilip Rangachari and his 21 member task force is recommending literacy programmes among farmers. The panel is also advising the formation of cooperatives which may help farmers to participate in commodity trading.
In order to improve network, the exchange is planning to link all the agriculture produce market committees (APMCs) in Maharashtra digitally. If it proves successful, the exchange may adopt information system throughout country.
These centres will provide latest commodity prices even to small farmers which in turn may help them to take right decisions.
Dilip Rangachari and his 21 member task force is recommending literacy programmes among farmers. The panel is also advising the formation of cooperatives which may help farmers to participate in commodity trading.
In order to improve network, the exchange is planning to link all the agriculture produce market committees (APMCs) in Maharashtra digitally. If it proves successful, the exchange may adopt information system throughout country.
These centres will provide latest commodity prices even to small farmers which in turn may help them to take right decisions.
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