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Depositing cotton stocks with MCX: cotton ginners soon to win awards in India

13/10/2022
Categories: Raw materials

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The MCX New Product Committee held its meeting on Monday, October 10, 2022. On occasion, he accepted CAI's proposal to grant a bonus, which had not been planned until now.

Due to increased delivery, fees, and handling costs, among others, the store found it necessary to provide bonuses and help improve cash& acute;. This is to encourage engineers to deposit their stocks in MCX godowns and to allow genuine traders to participate in the exchange platform. According to the president of CAI, Atul Ganatra, “It was necessary to increase the liquidity of cotton contracts on the MCX platform.

Because of higher storage expenses and costs in godowns, engineers refrained from depositing inventory in MCX godowns. This caused a lack of liquidity on the stock exchange. “To this end, he proposed that Indian ginners receive Rs. 650 per candy (356 kg) as a bonus for depositing cotton bales at the MCX descent.

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