MCX Cardamom Futures Return After 2021 Suspension
Why in the news
MCX brought back cardamom futures after a pause that started with SEBI’s 2021 order.
Key facts
- Symbol: CARDAMOM; tick size: ₹1 per kg.
- A demat account is mandatory.
Significance
- Steadier spot prices and transparent price discovery.
- Risk hedging for growers; exporters can source quality produce nationally.
Background
- The 2021 SEBI circular ended cardamom futures; these new contracts restore the facility.
- The move helps the entire value chain, from farmers to global buyers.
Exam angle
- Exchange: MCX.
- Regulator behind the 2021 halt: SEBI.
- Delivery point: Vandanmedu, Idukki.