Trading Monsoon Risk: NCDEX Debuts RAINMUMBAI & RAINCHNNAI, India's First Weather Derivatives
NCDEX has listed India's first exchange-traded weather derivatives: RAINMUMBAI tracking the Southwest Monsoon over Mumbai, and RAINCHNNAI tracking the Northeast Monsoon over Chennai. What they are, who trades them, how the Cumulative Deviation Rainfall methodology works, the trade-offs versus crop insurance, and a live look at VayuMet's own 14-day CDR forecast for both contracts.