BUSINESS

Record delivery of Coffee Robusta on MCX

MUMBAI: MCX Robusta coffee contract, which expired on March 30, witnessed a record physical delivery of 120 tonnes. The March 7 contract, launched on January 29, was the first Coffee Robusta contract to expire on MCX. Coffee Robusta contracts are traded on MCX platform up to 11:55 p.m. to coincide with international market timing as coffee is a global commodity with global reference pricing, says a release.