India’s Multi Commodity Exchange (MCX) has started offering futures trading in cotton, Financial Express reports. At present, contracts for October, December, 2011 and January, 2012, are being offered for trading.
The cotton futures contract’s trading unit is 25 bales. The contract is a compulsory delivery contract and physical delivery will be available in multiples of 100 bales.
Click here for the story from Financial Express.
Financial Express Multi Commodity Exchange India