MCX seeks SEBI approval to re-launch potato contracts

15 Jul 2020 Evaluate

Multi Commodity Exchange of India (MCX) is seeking approval from market regulator Securities and Exchange Board of India (SEBI) to re-launch potato futures contracts. The exchange has applied to the SEBI for permission to re-launch the potato contracts.

MCX had a successful potato futures contract, few years ago, but it lost liquidity over a period of time due to which Forward Markets Commission, then regulator of the commodity derivatives market asked exchange to stop trade in the contract in September 2014.

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.

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