Business

Cotton Ginners To Get Premium For Depositing Stocks With MCX

The bourse’s product committee agrees to provide premium, move to help improve liquidity In a bid to bring liquidity to the MCX cotton contracts, cotton trade body Cotton Association of India (CAI) has recommended a premium for cotton ginners to encourage them to deposit their stocks at MCX godowns so as to enable genuine traders to participate on the exchange platform. At its recent meeting, MCX’s new product committee accepted the CAI proposal and agreed to give a premium, which wasn’t provided till now. The trade felt it necessary because of the increased delivery expenses, charges, and handling costs among others.