Latest news with #ex-Vandanmedu
News18
2 days ago
- Business
- News18
MCX announces launch of cardamom futures
Agency: PTI Last Updated: New Delhi, Jul 29 (PTI) Multi Commodity Exchange (MCX) on Tuesday announced the launch of cardamom futures, aimed at improving price discovery and ensuring better price risk management. The exchange will initially offer cardamom futures contracts with expiry in August, September, October, and November 2025, with trading beginning on July 29. It is a compulsory delivery futures contract that will represent 100 kg of cardamom and prices to be quoted based on ex-Vandanmedu (Idukki district, Kerala) rates, an official statement said. 'We…extend our product portfolio to serve the needs of spice growers and industry and support the government's vision of a digitally enabled, farmer-inclusive agri-economy," MCX Managing Director and CEO Praveena Rai said. Cardamom is a premium commodity with global demand, and this contract will offer growers, traders, and exporters a reliable platform for hedging price risk, enhancing income certainty, and driving transparent price discovery, he said. Spices Board Chairperson Sangeetha Viswanathan said, 'The contract will promote greater price transparency and prove to be an efficient risk management tool for the entire cardamom value chain." MCX offers futures contracts in both agricultural and non-agricultural commodities. PTI LUX LUX SHW Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Standard
2 days ago
- Business
- Business Standard
MCX launches Cardamom Futures Contracts
With effect from 29 July 2025 Multi Commodity Exchange of India (MCX) announced the launch of Cardamom Futures Contracts effective 29 July 2025. This significant step is aimed at improving price discovery, ensuring better price risk management, and strengthening the spice trading ecosystem, especially for small and medium-scale farmers in South India and traders across India. The Exchange will initially offer Cardamom futures contracts with expiry in August, September, October, and November 2025, with trading beginning on July 29, 2025. Trading will be open Monday to Friday, from 9:00 AM to 5:00 PM. This compulsory delivery futures contract will represent 100 kilograms of cardamom, with quotes in ₹ per kilogram, based on ex-Vandanmedu (Idukki district, Kerala) pricing. The contracts will follow a Daily Price Limit (DPL) structure, with an initial limit at 4% with a potential additional 2% band after a 15-minute pause if the initial limit is breached. Initial margin requirements will be a minimum of 10% or as per SPAN, with a mandatory 1% Extreme Loss Margin.
Business Upturn
2 days ago
- Business
- Business Upturn
MCX launches Cardamom Futures Contracts to strengthen spice market ecosystem
MCX has introduced Cardamom Futures Contracts, effective July 29, 2025, aiming to enhance pricing transparency and assist traders and farmers—particularly in South India—in better managing their risks. This move is expected to create a more streamlined and reliable trading environment for one of India's most traded spices. Initially, contracts will be available for expiry in August, September, October, and November 2025. Trading for these will run from Monday to Friday, between 9:00 AM and 5:00 PM. Each contract will represent 100 kilograms of cardamom and be quoted in rupees per kilogram, with the benchmark pricing based on the ex-Vandanmedu (in Kerala's Idukki district) rate. This is a compulsory delivery contract, which means physical delivery of cardamom is involved at the end of the contract period. To manage volatility, a daily price limit of 4% will be in place. If this limit is hit, trading will pause for 15 minutes, after which an additional 2% band may be allowed. Margins start at a minimum of 10% or as required by SPAN, along with a fixed 1% Extreme Loss Margin. With this launch, MCX is offering a structured platform that could help formalize spice trading further and give stakeholders—especially smaller farmers—better access to national markets. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
