The MCX is gearing up to launch futures in more perishable commodities after launching contract in potatoes recently, Joseph Massey, deputy MD, said on Friday. | |
| Perishable futures require altogether different logistics and the exchange is the process of putting the infrastructure in place, he said. |
| |
| "The response to the potato futures has been extremely overwhelming. On an average, Rs 25 crore a day is being realised since its launch," Massey said. |
| |
| Potato futures, which got listed on the MCX on March 9, recorded a turnover of Rs 63 lakh within the first two hours of the launch of trading. |
| |
| However, Massey did not detail the perishable commodities to be launched. |
| |
| The basic idea behind launching potato futures was to bring uniformity in prices, he said. |
| |
| Massey said silver futures, launched on the Dubai Gold Commodities Exchange on March 27, had recorded 1,000 lots on the day of the launch. |
| |
| DGCX is a Dubai-based exchange, which commenced trading on November 22, 2005. |
| |
| The bourse is a joint venture between the Dubai Multi Commodities Centre-government of Dubai, Financial Technologies Ltd, and MCX. |
| |
|
| |
