Futures trading in groundnut and cottonseed

By Our Special Correspondent

NEW DELHI, AUG. 14. The Rajkot Seed, Oil and Bullion Merchants Association, Rajkot, has been granted approval in principle for conducting futures trading in groundnut and cotton seed. This includes groundnut, its oil and oil cake , cottonseed, its oil and oilcake and RBD.

Inprinciple approval has been granted to the Commodity Exchange of India, Ahmedabad, for setting up a regional commodity exchange in Gujarat for conducting futures trading in castor seed, rapeseed/mustard seed, groundnut, sunflower, cottonseed, sesame seed, copra, coconut, safflower seed, their oils and cakes.

The India Pepper and Spice Trade Association, International Commodity Exchange Division, Kochi, was granted permission last month to commence futures trading in dollar denominated contracts after meeting the international standards and the basis fixed from the internationally traded varieties.

In response to the department's invitation for application from the associations interested in conducting future trading in sugar, 14 applications had been received.

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Section  : Business
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