What should be selected for Commodity trade classification?
Clients are required to select the classification based on the category they come under:
- Farmers/FPOs: If a client is a farmer, part of farmers’ cooperatives or belong to Farmers Producers Organisations (FPOs).
- Value chain participants (VCPs): If a client is a processor, commercial user as dal and flour miller, importer, exporter, physical market trader, stockist, Cash & Carry participant, produces, SME/MSME & Wholesaler etc., but not a farmer or a FPO.
- Others: If a client intends to trade on MCX and does not belong to any of the above classifications.