India, July 29 -- The Multi Commodity Exchange (MCX) has announced the launch of Cardamom Futures Contracts, effective July 29, 2025, marking a key development for India's spice trading ecosystem. This initiative aims to enhance price discovery, improve risk management, and empower small and medium-scale farmers, particularly in South India, along with traders nationwide.
Initially, MCX will offer Cardamom Futures with contract expiries in August, September, October, and November 2025. Trading will be conducted Monday through Friday, between 9:00 AM and 5:00 PM. Each compulsory delivery contract will represent 100 kilograms of cardamom, with pricing quoted in ? per kilogram, based on ex-Vandanmedu (Idukki district, Kerala) benchmarks.
The...