Cotton: MCX, CITI sign MoU on cotton price risk management

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Kolkata: With a view to combining efforts towards growth and development of textile value chain participants in India and continuously pursuing the cause of creating awareness about cotton price risk management, Multi Commodity Exchange of India (MCX) and Confederation of Indian Textile Industry (CITI) has signed an MoU on Wednesday at the 9th Asian Textile Conference (ATEXCON).

The MOU established between MCX and CITI, the apex industry chamber representing all the sub sectors of the textile sector with over 4000 direct and indirect members, envisages co-operation on a host of objectives such as jointly organising awareness events for cotton value chain participants including farmers, price ticker board installation at textile parks and joint representation to ministries and…

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