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ICAR- CIRCOT becomes Approved Assayer of Multi Commodity Exchange Clearing Corporation Ltd (MCXCCL) for Quality Analysis of Cotton Bales

MCX NDA signing ceremony

ICAR-CIRCOT has entered into agreement with MCXCCL and becomes Approved Assayer for quality analysis and testing of cotton bales. MCXCCL is a state-of-the-art, commodity derivatives exchange that facilitates online trading of commodities which include Cotton bales and Kapas, thereby providing a platform for price discovery and risk management. As per the agreement, ICAR-CIRCOT will undertake quality analysis of cotton bales stored in the MCXCCL accredited warehouses across various locations in India. A Nondisclosure Agreement in this regard was signed between ICAR-CIRCOT and MCXCCL on 18th April 2024 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 present during the signing in ceremony.

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