 "Multi Commodity Exchange mcx")
The Multi Commodity Exchange (MCX) has received an approval from the Securities and Exchange Board of India to launch future trading in Arecanut, which is one of important cash crop in India. The exchange is planning to launch futures in August, in midst of the season.
The exchange official said that, the MCX will be going with a Red Rashi variety for Arecanut futures.
Arecanut is mainly divided into two varieties White and Red. Red variety is a boiled one which is used for manufacturing Gutka. The red variety has a mix is called Rashi and it contains all the
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