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MCX levies 20% special margins on potato

Potato for March hit upper circuit limit of 4%

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Sharleen Dsouza Mumbai

Multi Commodity Exchange (MCX) has levied 20% special margins on long side in all contracts of Potato (Agra) which are traded currently as well as on contracts that will be launched later.

The March contract of potato hit the 4% upper circuit in the last two trading sessions as traders feared that due to extreme cold weather conditions in major crop growing areas the crop would get damaged.

After, the circular was issued by MCX, potato has already corrected and hit the 4% lower circuit in today's trade.

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First Published: Jan 15 2013 | 3:32 PM IST

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