Press Release regarding launch of Cardamom Futures
MCX · price
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Awaiting price reaction for this filing.
MCX has launched Cardamom Futures contracts effective July 29, 2025, expanding its agri-commodity product portfolio. The compulsory delivery contract represents 100 kg of cardamom, priced in ₹ per kg based on ex-Vandanmedu (Idukki, Kerala) pricing. Trading will run Monday to Friday, 9:00 AM to 5:00 PM, with initial expiries covering August through November 2025. The contract features a 4% initial Daily Price Limit (with an additional 2% band after a 15-minute pause), minimum 10% initial margin or SPAN-based margin, and a mandatory 1% Extreme Loss Margin. The launch aims to improve price discovery, enable price risk hedging, and benefit small and medium-scale farmers in South India and traders nationwide.
Strengthens MCX's dominant ~98% market share in Indian commodity futures by adding a new agri segment, potentially boosting trading volumes and fee income. Near-term stock reaction may be modest as actual volumes and trader participation in cardamom futures will take time to build.