The National Commodity & Derivatives Exchange Limited (NCDEX) on May 29, 2026, issued circular on Futures & Options Contracts Launch in June 2026 and Premium / Discount for grade / delivery location difference.
The circular, issued in reference to the SEBI Master Circular dated August 04, 2023 on the Commodity Derivatives Segment, specifies the applicable premium and discount structure for futures contracts being launched on June 01, 2026. These premiums and discounts relate to differences in commodity grades and delivery locations, and define what will be considered as “good delivery” under the contracts. The detailed rates are provided in Annexures covering grade differences, location differences, and a combination of both.
It is clarified that for variations in quality within permissible limits, the applicable premium or discount will continue to be governed by existing product-specific circulars or notes. Additionally, for any new contracts introduced in the future, the relevant premium and discount structure will be announced prior to their launch.
The circular also lists the futures contracts to be introduced on June 01, 2026, along with their associated premium/discount details across Annexures I to IV. Further, it notifies members about the introduction of options contracts on June 02, 2026, with the list of such contracts provided in Annexure V.
[Circular No. NCDEX/TRADING-024/2026]
