Multi-Commodity Exchange of India (MCX) plans to launch a
freight futures contract for the Indian market, with settlement
based on data provided by London's Baltic Exchange.
The rising cost of freight is having an impact on the price of
commodities, adding up to 10% of the total trade cost according
to MCX. Freight futures specific to India's 11 major and 139
minor ports is aimed at hedging volatility in freight
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