ICAR- CIRCOT becomes Approved Assayer of MCXCCL for Quality Analysis of Cotton Bales

ICAR-Central Institute for Research on Cotton Technology, Mumbai has partnered with Multi Commodity Exchange Clearing Corporation Ltd to become an Approved Assayer for quality analysis and testing of cotton bales. -

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August 21, 2024
MCXCCL is a state-of-the-art, commodity derivatives exchange that facilitates online trading of commodities including Cotton bales and Kapas, thereby providing a platform for price discovery and risk management. As per the agreement, ICAR-CIRCOT will undertake a quality analysis of cotton bales stored in the MCXCCL-accredited warehouses across various locations in India.

A Nondisclosure Agreement in this regard was also signed between ICAR-CIRCOT and MCXCCL today by Dr. S.K. Shukla, Director, ICAR-CIRCOT, and Mr. Mr. Soundararajan V Chief Operating Officer of MCXCCL.

Mr. Arnav Datta, Head-Warehousing Operations, and senior officers of MCXCCL and HODs of QEID, MPD, and CBPD of ICAR-CIRCOT were present during the signing-in ceremony.

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