NCDEX announces launch of first exchange-traded rainfall derivatives contract
Published on: May 20, 2026, 7:35 p.m. | Source: Devdiscourse
National Commodity and Derivatives Exchange NCDEX on Wednesday said it will launch the countrys first exchange-traded weather derivatives contract on June 1, offering businesses and farmers a regulated tool to hedge against monsoon variability.The contract, called RAINMUMBAI, which has received approval from the Securities and Exchange Board of India SEBI, was developed with the Indian Institute of Technology Bombay IIT Bombay, using rainfall data from the India Meteorological Department IMD.India has lived with monsoon uncertainty for centuries.
