Almond futures launch on BSE for the first time in the world

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Mumbai, Ta. Monday, June 22, 2020

The country's leading exchange, the Bombay Stock Exchange (BSE), has recently launched monthly almond futures contracts in view of price risks and fluctuations, the first of its kind in the world with India.

The contract trading unit is 1,000 kg. The maximum order size is 30,000 kg, the delivery quantity is 1000 kg and the main delivery center is Navi Mumbai. Almond contracts will take reference rate from Navi Mumbai APMC. The standards of quality must comply with the standards of FSSAI.

This standard is incredibly convenient for contract manufacturers and large importers who can hedge their price risk. Although the market for almonds is small compared to other commodities, it has received a lot of inquiries from traders, importers and consumers from all over the world besides India, as this is the first type of contract in the world.

The wide spread of almond prices will be used as a reference price for financial transactions in the physical market. BSE is also partnering with various partners in the physical market to build the capacity of warehouses and other related structures, which are essential for grading, sotting and quality certification.


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