Multi Commodity Exchange of India (MCX) has inked a pact with Mahindra Agri Solutions, a wholly owned subsidiary of Mahindra & Mahindra (M&M) to provide agriculture related price information. The Memorandum of Understanding (MoU) will enhance the decision-making ability of the farmers further.
To start with, MCX will be providing price information, open interest information, spot price, future price and derived data (analytics) for all the agri commodities namely - CPO (crude palm oil), cotton, cardamom and mentha oil. This information will be available on its mobile application ‘MyAgriGuru’.
Multi Commodity Exchange of India (MCX), the leading commodity bourse, largely offers futures trading in non-agricultural commodities. The exchange contributes maximum business to the total turnover of the commodity futures market.
