The Multi Commodity Exchange of India (MCX) signed an MoU with the Agricultural Futures Exchange of Thailand (AFET) to explore areas of cooperation for mutual benefit. | |
| The MCX has expertise in futures trade in agriculture, precious metals, base metals and energy products, whereas the AFET offers commodity futures in white rice, rubber and tapioca. |
| |
| The exchanges will work together to explore areas of cooperation and business opportunities to assist and benefit the underlying producers, end-users and investors by maximising the application of international best practices for price risk management and exchange operations. |
| |
| "The AFET, an exclusive agricultural futures exchange in Thailand providing innovated price risk management for farmers and agriculture-related businesses would surely be a great experience to us. Through this association, both the exchanges will be able to glean valuable insights into each other's working area, and, more importantly, learn from the other's experience," said Joseph Massey, deputy managing director of the MCX. |
| |
| "There are a number of unexplored areas where the AFET can work with the MCX for the betterment of both the exchanges and farmers. Being among the top-three global commodity exchanges in bullion and the top-four in energy, we hope to learn a lot from the MCX's experience as well as to explore and develop business opportunities between the two countries for our mutual benefit," said AFET President Napaporn Kurupasutachai. |
| |
|
| |
