RBI Grade BNABARD ESISEBI
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Context:
The Multi-Commodity Exchange of India (MCX) has reintroduced cardamom futures contracts, initially launching for August, September, and October 2025. The relaunch comes after a regulatory pause initiated in 2021.
Key Highlights:
- Relaunch Date:
- Trading resumes from Tuesday, July 29, 2025.
- Reason for Previous Suspension:
- SEBI had discontinued cardamom futures in 2021 via regulatory circular.
- New Contracts Introduced:
- Futures contracts for August, September, and October 2025 will be available.
Cardamom Futures Contract Specifications
- Trading Symbol: CARDAMOM
- Trading Unit: 100 kg
- Tick Size (Minimum Price Movement): ₹1 per kg
- Delivery Location: Vandanmedu warehouse, Idukki district, Kerala
- Demat Account: Mandatory for participation
Significance of Relaunch
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- Market Stability: Promotes structured trading and reduces price volatility in the spot market
- Price Discovery: Transparent and regulated pricing mechanism
- Farmer Empowerment: Ensures better pricing and risk hedging for growers
- Export Facilitation: Enables exporters to source quality produce via a national platform
This initiative is expected to benefit the entire cardamom value chain, from farmers to global buyers, aligning with broader goals of agricultural market modernization.
