MCX Launches Cardamom Futures: A New Era for Spice Growers

The Multi Commodity Exchange (MCX) has taken a significant step forward by launching cardamom futures on Tuesday. This initiative aims to enhance price discovery and provide better price risk management for stakeholders in the cardamom industry.

The futures contracts, which are set to expire in August, September, October, and November 2025, will begin trading on July 29. Each contract will represent 100 kg of cardamom, with pricing quoted based on ex-Vandanmedu rates in Kerala's Idukki district, according to an official statement.

MCX Managing Director and CEO Praveena Rai stated that this move serves the needs of spice growers and the industry, aligning with the government's goal of fostering a digitally enabled, farmer-inclusive agri-economy. Meanwhile, Spices Board Chairperson Sangeetha Viswanathan highlighted that the contract would enhance price transparency and act as an efficient risk management tool for the entire cardamom value chain.

(With inputs from agencies.)