India Gets Rainfall Hedge as El Niño Threatens Monsoon
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Article Excerpt
Article content (Bloomberg) — India’s largest agricultural exchange has introduced its first weather derivatives, allowing investors to hedge against monsoon-related risks. Article content The futures contracts, which will start trading from May 29, will be anchored to rainfall levels measured at two weather stations run by the India Meteorological Department in Mumbai, The National Commodity & Derivatives Exchange Ltd. said on Tuesday. Article content Article content “India has lived with monsoon uncertainty for centuries,” NCDEX Managing Director and Chief Executive Officer Arun Raste said a…
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Jun 3, 2026