The National Commodity and Derivatives Exchange Limited (NCDEX) on July 31, 2026, issued circular on Futures & Options Contracts Launch in August 2026 and Premium / Discount for grade / delivery location difference.
The circular, issued with reference to the SEBI Master Circular dated August 03, 2026 on the Commodity Derivatives Segment, specifies the applicable premium and discount structure for futures contracts to be launched on August 03, 2026. These premiums/discounts relate to variations in commodity grades and differences in delivery locations, which will be considered for determining “good delivery” under the respective futures contracts.
The Exchange has provided detailed annexures listing the futures contracts to be launched, along with the corresponding premium/discount applicable for grade differences and location-based cost variations. It is clarified that quality variations within permissible limits will continue to be governed by existing product notes and circulars. For any future contracts introduced later, the applicable premium/discount will be communicated prior to their launch.
Additionally, the circular informs members about the introduction of options on futures contracts scheduled for launch on August 04, 2026, with details provided in a separate annexure. Overall, the circular ensures transparency and standardization in pricing adjustments for commodity derivatives contracts.
[Circular No. NCDEX/TRADING- 035/2026]
