To consolidate its position in the non-agri segment, the Multi Commodities Exchange (MCX) has set its sights on improving its position in the agri commodities segment. The Exchange is planning to introduce a range of products which are not currently available for derivatives trading.
The MCX will involve even farmers, and will be launching futures in some commodities, while some will be launched for the first time, said the MD & CEO of MCX, Mrugank Paranjape. Robusta Coffee is one the products being included, whose exports are rising. A large number of people are interested in hedging the crop, and have been tracked down by MCX.
Futures in tea is also being explored by the MCX, but is facing an issue, as there are different types and grades of tea, and the standardising of contracts will not be easy.