Tag: mcx

Cotton Association of India asks MCX to prevent speculation in Cotton Futures

FOR WEB & PRINT Cotton trade body Cotton Association of India (CAI) has raised concerns about alleged speculative trades taking place on the Multi-Commodity Exchange (MCX) platform. Citing a sharply lower open interest (OI) in MCX Cotton Futures for the May 2022 contract, CAI has flagged serious distortions in cotton prices causing speculative movements and…

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Sikkim: Trade on MCX sees huge dip as ED initiates probe

The speculative commodity trading volumes worth billions of dollars on the Multi Commodity Exchange (MCX) by Sikkim-based traders seem to have been wiped out on the back of a probe by the State government and Enforcement Directorate. Market share of Sikkim-based traders in overall turnover on MCX has declined to just 0.75 per cent in…

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