Multi Commodity Exchange of India (MCX) has launched Cardamom Futures contracts effective from July 29, 2025. This significant step is aimed at improving price discovery, ensuring better price risk management, and strengthening the spice trading ecosystem, especially for small and medium-scale farmers in South India and traders across India.
The Exchange will initially offer Cardamom futures contracts with expiry in August, September, October, and November 2025, with trading beginning on July 29, 2025. Trading will be open Monday to Friday, from 9:00 AM to 5:00 PM. This compulsory delivery futures contract will represent 100 kilograms of cardamom, with quotes in rupees per kilogram, based on ex-Vandanmedu (Idukki district, Kerala) pricing.
The contracts will follow a Daily Price Limit (DPL) structure, with an initial limit at 4% with a potential additional 2% band after a 15-minute pause if the initial limit is breached. Initial margin requirements will be a minimum of 10% or as per SPAN, with a mandatory 1% Extreme Loss Margin. With this launch, the company reiterates its commitment to bringing innovation, access, and efficiency to India’s vibrant agricultural commodities market. The Cardamom Futures contract is expected to significantly benefit stakeholders by fostering formalized trade practices and improving liquidity.
Multi Commodity Exchange of India (MCX) offers trading in commodity derivative contracts across varied segments including bullion, industrial metals, energy and agricultural commodities, as also on indices constituted from these contracts.
| Company Name | CMP |
|---|---|
| Motilal Oswal Fin | 882.70 |
| Angel One | 326.10 |
| IIFL Capital Service | 356.50 |
| Nuvama Wealth | 1631.25 |
| Share India Sec. | 147.20 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: