The National Commodity & Derivatives Exchange Limited (NCDEX) on March 30, 2026, notified regarding the Futures & Options Contracts Launch in April 2026 and Premium/Discount for grade/delivery location difference.
The following has been stated:
• The circular, issued in reference to Securities and Exchange Board of India guidelines on commodity derivatives, notifies the premium/discount structure for grade and delivery location differences applicable to futures contracts being launched on April 1, 2026, along with options contracts on April 2, 2026. The Exchange has specified that premium/discount adjustments will determine “good delivery” standards for these contracts, while variations within acceptable quality limits will continue to be governed by existing product-specific circulars.
• A wide range of commodity futures contracts, including agricultural products (like bajra, barley, castor seed, jeera, maize), industrial commodities (steel), and oils (sunflower oil, castor oil), will be launched with defined expiry dates.
• The circular details grade-based premiums/discounts (e.g., steel billets at a premium, imported yellow peas at a discount) and location-based adjustments (e.g., price differences across delivery centers like Jaipur, Bikaner, Jodhpur, etc.), ensuring standardized pricing across regions and qualities.
• Additionally, options contracts on select futures (such as dhaniya, guar gum, guar seed, jeera, and turmeric) will be introduced from April 2, 2026, with specified expiry schedules aligned to their underlying futures.
[Notification no. - NCDEX/TRADING-010/2026]
