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Cotton Dispatching Upgraded by ACE

Date : December 21, 2012
Number of Views : 3980

In order to improve the conditions Indian cotton exporters , Ace Derivatives and Commodity Exchange has proposed to let go off testing and assaying charges for Indian cotton manufacturers who drop their goods in the exchange-accredited warehouses and deliver the same on its platform.

Ace will further forego labour charges for loading and unloading of goods subject to maximum of Rs 4,000 for a lot of 100 bales and one month warehouse rent. According to the concerned authorities the concessions will be applicable for cotton goods dropped in the exchange accredited warehouses from December 21 and remain in force till further notification. The special concession scheme is to encourage hedger's participation and promote delivery in cotton contracts.

News Category: Cotton and Yarn
Agricultural Commodities

News Type : Market News
Regulatory News


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