NCDEX to launch India’s first exchange-traded weather derivatives on May 29

21st May, 2026

Narayani Srinivasan

The futures contracts, which will be based on Mumbai rainfall data from the India Meteorological Department (IMD), are designed to help market participants hedge against monsoon variability and rainfall-related financial risks.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP

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