The National Commodity & Derivatives Exchange Limited (NCDEX) on September 11, 2026, revised the position limits for agricultural commodities for clients and members in continuation of its earlier circulars on revision of position limits and review of position limits and penalty provisions. The revised limits for commodity derivatives are set out in the annexures to the circular and will be effective from the beginning of the day on September 15, 2026.
The revised limits cover 21 agricultural commodities, including Bajra, Barley, Castor Seed, Castor Oil, Cotton, Coriander, Groundnut, Guar Gum, Guar Seed, Isabgol, Jeera, Kapas, Maize, Pepper, Sesame Seed, Crude Sunflower Oil, Turmeric and Yellow Peas. The circular specifies separate overall and near-month limits for members and clients. For members, the overall limit is 10 times the numerical client-level limit or 15% of market-wide open interest, whichever is higher, with the near-month limit being one-fourth of the overall member limit. For clients, the near-month limit is one-fourth of the overall limit.
The circular further clarifies that Jeera limits are aggregate across all contracts, including JEERAMINI, traded on all exchanges. Position limits for options are separate from futures, with the numerical client and member limits for options being twice the corresponding futures limits. Members and clients are required to take note of the revised limits and ensure their positions remain within the applicable thresholds from the effective date.
[Circular No. NCDEX/TRADING-042/2026]
