Press Release regarding launch of Cardamom Futures
MCX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
MCX has launched Cardamom Futures Contracts effective July 29, 2025, expanding its agri-commodity offerings. The contracts are compulsory delivery-based, representing 100 kg of cardamom with prices quoted in ₹ per kg, based on ex-Vandanmedu (Kerala) pricing. Initial expiries are available for August, September, October, and November 2025, with trading open Monday to Friday from 9:00 AM to 5:00 PM. The contract carries a 4% initial daily price limit (extendable by 2% after a 15-minute pause) and requires a minimum 10% initial margin plus 1% extreme loss margin. The launch is aimed at helping small and medium farmers in South India, traders, and exporters manage price risk and improve price discovery, with support from the Spices Board under the Ministry of Commerce.
This product expansion adds a new revenue stream in the agri-commodity segment and could boost trading volumes and market share (currently ~98% in commodity futures). Positive for the stock as it diversifies MCX's product portfolio and strengthens its position in India's agri-derivatives market.