Informist, Friday, Jul. 25, 2025

--MCX to launch cardamom futures contracts Tuesday

MUMBAI – The Multi Commodity Exchange of India will launch cardamom futures contracts on Tuesday. The exchange will initially launch contracts for the months of August, September, and October simultaneously, it said in a circular.

The symbol of the cardamom futures contract is 'CARDAMOM'. The trading unit will be 100 kilograms and the maximum order size will be 50 times the trading unit. The tick size or the minimum price movement will be INR 1 per kg.

The initial margin will be minimum 10% or based on the standard portfolio analysis of risk. In case of additional volatility, "an additional margin (on both buy & sell side) and/or special margin (on either buy or sell side) at such percentage, as deemed fit, will be imposed in respect of all outstanding positions," according to the circular.

The maximum allowable open position for individual clients will be 100 tonnes, and that for a member will be 1,000 tonnes or 15% of the market wide open position, whichever is higher, it said. The delivery centre is at the exchange's warehouse at Vandanmedu in Kerala's Idukki district.

At 1210 IST, shares of MCX were down 2.1% at INR 8,067 on the National Stock Exchange. End

Reported by J. Navya Sruthi

Edited by Avishek Dutta

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