Tea Futures Trade
An organization called "The Multi Commodity Exchange" (MCX) plans to launch futures trading in tea with support from United Planters' Association of Southern India (UPASI). Tea futures trade will afford tea companies, exporters and traders some safeguards against unwieldy price fluctuations. India is among the world's largest tea producers accounting for upwards of 28 per cent of global production. While a number of attempts at both futures trading speculative buying and selling of a commodity based on future prices and electronic tea exchanges ("B-2-B" business-to-business) have been launched in recent years, success so far has been nominal.