The Hindu Business Line : MCX inks pact with AFET

Multi Commodity Exchange of India Ltd (MCX) and Agricultural Futures Exchange of Thailand (AFET) have signed an MoU to explore areas of co-operation and business opportunity of mutual benefit. The exchanges will work with the goal of assisting and benefiting the underlying producers, end-users and investors by maximising the application of international best practices for price risk management and exchange operations. Mr Joseph Massey, Deputy Managing Director of MCX, said: "Through this association both the exchanges will be able to glean valuable insights into each other's working area and, more importantly, learn from the other's experience. This will go a long way into making our markets more robust and accessible." The AFET President, Ms Napaporn Kurupasutachai, said: "This is a great opportunity for AFET, which provides futures contracts in white rice, rubber and tapioca. We hope to learn a lot from MCX's experience."

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