Ministry halts online exchange

A Forthcoming commodities exchange has been suspended following a letter from the Ministry of Commerce stating it is not allowed to operate. Myanmar firm MICEx had aimed to bring a commodities exchange online in the next few months, but is now left waiting while it discusses the situation with government authorities. While company officials admit […]

Myanmar opens online exchange; move set to benefit Indian importers

Mumbai, April 1: Myanmar, one of the largest exporters of pulses to India, has opened its first ever online commodity exchange Multi Commodity Exchange (MICEx). The exchange, which will be open 23×7, has partnered with SLCM Ltd, the wholly-owned subsidiary of Indian company Sohanlal Commodity Management, an accredited preferred warehouse service provider for tur, urad […]