MCX launches futures contracts in six agri-items

Leading commodity bourse MCX today launched futures trading contracts in six agricultural commodities, which will expire between September and December.

Leading commodity bourse MCX today launched futures trading contracts in six agricultural commodities, which will expire between September and December.

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The futures contracts in wheat, maize, soyabean, guar seed, turmeric and chana dal are available for trading from today, the company circular said.

The turmeric contract will mature in September, soyabean and maize (feed) in October, guar seed and chana dal in November and wheat contract will expire in December, it said.

The company also said the futures contract in non-agri item -- mild steel ingot/billet will expire in October.

In the morning trade session, there was not much participation in these contracts. MCX had made a business of Rs 3,75,764 crore in the second fortnight of June, according to official data.