Hafed for Ahmedabad Commodity Exchange

The Haryana State Co-operative Supply and Marketing Federation Limited (Hafed) has signed an agreement with Kotak Mahindra Group for participation in its upcoming, National Multi Commodity Exchange called Ahmedabad Commodity Exchange. Hafed will have 15 per cent share for running this Future Exchange, which would immensely benefit the farming community.

This was disclosed in the two-day training programme on “Commodity Future Markets” inaugurated by Haryana Chief Secretary Urvashi Gulati.

The training programme has been organised by Forward Market Commission to impart training to the officials of Hafed, Haryana Warehousing and Haryana State Agricultural Marketing Development Board for becoming strategic partners in the upcoming commodity exchange being promoted by the Kotak Mahindra group.

Hafed Managing Director Anil Malik said Hafed had been associated with the Commodity Exchanges since 2004. It was the first apex cooperative institution in the country which not only traded wheat stock but also gave actual delivery from its godowns.