Multi Commodity Exchange of India has launched a futures contract in castor seed after receiving approval from Securities and Exchange Board of India. With this launch, MCX has added another contract to its agri-commodities products suite, in the oil and oilseeds complex.
The exchange has currently launched February, March, April and May 2017 contracts in castor seed, with 10 MT (metric tonnes) as the trading unit and Deesa (Gujarat) as the basis centre.