Pakistan Mercantile Exchange Limited (PMEX) is relentlessly striving to bring the agricultural commodities on its platform. In this regard, the Exchange launched Red Chilli deliverable contracts in October 2015. PMEX received an encouraging response from all the market participants for the efforts that resulted in better quality red chilli production, quick cash payout to the farmers and overall efficiency in the red chilli trade.
Capitalising on this success, PMEX in the upcoming trade season will offer another variety of red chilli commonly known as hybrid. The trade centers for hybrid are located across the country with major trade activity in Kunri, Sindh and Faisalabad, Punjab.
To encourage further trade and to create awareness among buyers, farmers and traders of red chilli, PMEX held awareness sessions in Kunri, Faisalabad and Karachi prior to the arrival of upcoming crop of 2016. All the three sessions were well received by the red chilli value chain participants who are looking forward for the upcoming trade season.-PR
Source: Business Recorder