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CITI and MCX signed a MoU at ATEXCON 2018

To help the textile industry to combat cotton price volatility and risk management through cotton contracts, a Memorandum of Understanding (MoU) was signed between Confederation of Indian Textile Industry (CITI) and Multi Commodity Exchange of India (MCX) on Cotton Price Risk Management. At an event attended by more than 400 delegates from India as well as from other nations such as Switzerland, Indonesia, Bangladesh, Sri Lanka and the Netherlands to…
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Apparel and Textile News

India To Launch Its Own Cotton Price Index

India, to curb speculations across various markets and bring about further transparency in the price discovery mechanism, is planning to launch a cotton price index of its own for which it will be taking into account benchmark rates from four different sources. A sub-committee of Cotton Advisory Board (CAB) has suggested that the index be made up of prices of cotton on the Multi-Commodity Exchange of India (MCX) and those…
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