The Multi Commodity Exchange of India (MCX) on July 31, 2026, has revised the open position limits for agricultural commodity derivatives in accordance with SEBI's position limit framework and the Exchange's Rules, Bye-laws and Business Rules. The revised limits cover client-level, member-level, and exchange-wide position limits for Cotton, Cotton Oil, Cardamom, Kapas, and Mentha Oil, and will come into effect from September 1, 2026.
The circular prescribes numerical overall and near-month position limits for both clients and members. Overall member-level limits will be the prescribed numerical limit or 15% of the market-wide open position, whichever is higher, while near-month member limits will be one-fourth of the overall member-level limit. Similarly, the client near-month limit has been fixed at one-fourth of the client's overall position limit for the respective agricultural commodity.
The Exchange has also notified the exchange-wide position limits, fixed at 50% of the deliverable supply for each agricultural commodity. Members and their clients have been advised to ensure compliance with the revised position limits from the effective date.
[Circular No. MCX/S&I/442/2026]
