India's largest commodity bourse, the Multi Commodity Exchange and the Agricultural Futures Exchange of Thailand have signed a memorandum of understanding to explore areas of cooperation that would be of mutual benefit to the exchanges.
MCX offers commodity futures contracts in agriculture, precious metals, base metals and energy commodities, whereas AFET offers commodity futures contracts in white rice, rubber and tapioca.
The exchanges will work together to explore areas of cooperation and business opportunities with the goal of assisting and benefiting the underlying producers, end-users and investors in their traded products by maximising the application of international best practices for price risk management and exchange operations.
Joseph Massey, deputy managing director of MCX, said: "We are indeed glad to have associated with AFET, an exclusive agricultural futures exchange in Thailand that provides innovated price risk management for farmers and agricultural