New Launch29 Jul 2025, 07:52 am
MCX Launches Cardamom Futures for Improved Price Discovery and Risk Management
AI Summary
The Multi Commodity Exchange of India Ltd (MCX) has announced the launch of Cardamom Futures Contracts, aiming to improve price discovery, ensure better price risk management, and strengthen the spice trading ecosystem. The contracts will represent 100 kilograms of cardamom, with quotes in 2 per kilogram, based on ex-Vandanmedu (Idukki district, Kerala) pricing. The contracts will follow a Daily Price Limit (DPL) structure and will offer growers, traders, and exporters a reliable platform for hedging price risk, enhancing income certainty, and driving transparent price discovery.
Key Highlights
- MCX announces launch of Cardamom Futures Contracts
- Aimed at improving price discovery and ensuring better price risk management
- Contracts will represent 100 kilograms of cardamom with quotes in 2 per kilogram
- Daily Price Limit (DPL) structure with an initial limit at 4%
- Expected to significantly benefit stakeholders by fostering formalized trade practices and improving liquidity