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India to launch world’s first rainfall index on 29 May
Mint New Delhi
|May 21, 2026
Starting 29 May, India’s first exchange-traded rainfall derivatives contracts will be open for trading to retail and high-net-worth investors, power utilities, logistics firms and agri-processing businesses, among others.
A trader or merchant who expects monthly rainfall to exceed its LPA will take a 'long' position on the rainfall indices.
(PTI)
On Wednesday, the National Commodity and Derivatives Exchange Ltd (NCDEX), India's largest agri derivatives exchange, unveiled its rainfall index, RainMumbai. The futures index contracts will be available for trading from 29 May to 30 September, the period of the south-west monsoon. Futures contracts represent the expected spot price on a future date.
Esta historia es de la edición May 21, 2026 de Mint New Delhi.
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