19 June 1998
Indian coffee futures exchange
to begin trading
INDIAS new domestic coffee futures exchange begins trading today, using the facilities of the local stock exchange in Bangalore.
It has been modelled on the International Paper Futures Exchange in Kochi, in Kerala, which has been operating since October.
The Coffee Board created the exchange to provide hedging facilities to exporters, which handle more than 70% of Indias coffee production.
- Financial Times 19/06/98 page 28