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What should be selected for Commodity trade classification?
As per Regulatory requirement, any client opting to trade in Commodity Derivatives needs to select a classification based on the category they fall under:
Farmers/FPOs Choose this if you are a farmer, part of farmers’ cooperatives, or belong to Farmers Producers Organisations (FPOs).
Value chain participants (VCPs)Opt for this classification if you are a processor, commercial user like dal and flour miller, importer, exporter, physical market trader, stockist, Cash & Carry participant, producer, SME/MSME, or Wholesaler, but not a farmer or a member of an FPO.
Others If you intend to trade on MCX and don't fit into the above classifications, choose this option.
To know more, please connect with our support team by writing an email to help@tradejini.com.
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