Palm oil, coal among contracts applied for by MCX

Executives at India's Multi Commodity Exchange (MCX) confirmed recently that the exchange had applied for regulatory approval for 20 commodity futures, including crude palm oil and coal contracts. However, the exchange also stressed that proceedings would not necessarily lead to all of the products being launched.

Speaking to FO Week during FOW's Indian Trade Mission in Mumbai, MCX joint managing director Lamon Rutten explained that the exchange has a constant slate of potential contracts. He said that even if all 20 on the current...