MCX Modifications
MCX amends specifications, launch dates of cotton futures contract
This story was originally published at 15:17 IST on 23 June 2025
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MUMBAI – The Multi Commodity Exchange of India has announced modifications in specifications and the launch calendar of its futures contracts in cotton. These changes will be effective from November and subsequent contracts, it said in a release dated Friday.
The exchange has changed the trading unit for the contract to 25 bales of cotton from the earlier 12 candies (of 356 kg each) or 25 bales (of 170 kg each). The delivery unit has simultaneously been changed to 100 bales from the earlier 12 candies or 25 bales. As earlier, 7% variation will be allowed in delivery unit.
The quotation or base value also stands modified to INR per bale from INR per candy. MCX has also changed the maximum order size to 1,200 bales from 576 candies.
As a follow-up, the exchange has also changed maximum allowable open position for individual clients and members.
The exchange has also changed the launch calendar for cotton contracts. While the July contract will expire on November, December and January, other contracts up to April will have six-monthly expiry. However, there will be no launch in October and November.
In the earlier arrangement, the May contract was launched with expiry in November and January while the September contract would have expiry in March. Similarly, the November contract was to expire in May, the January contract in July, and the March contract in September. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Abhijit Doshi
Edited by Avishek Dutta
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