Cardamom

Cardamom Meaning:
In commodity market terminology, Cardamom is a spice related to the ginger family native to the forests of south India. The plant is a perennial with capsules bearing small seeds that are used widely in Indian cooking for curries and cakes. The seeds are also used for teas and medicine.

Cardamom Example:
Cardamom futures are traded on two exchanges in India: the Multi-Commodity Exchange (MCX), and the National Multi-Commodity Exchange (NMCEX). Prices are quoted in Indian Rupees and contracts are for a 5-month term. Delivery is in lots of 100 kilograms of the Aleppey Green Extra Bold (AGEB) grade with 90% of the commodity consumed domestically in India.