NCDEX launched India's first exchange-traded weather derivative, "RAINMUMBAI," based on Mumbai rainfall data from IMD.

India's National Commodity and Derivatives Exchange (NCDEX) will launch ‌the country's first exchange-traded weather derivatives contract on June 1, allowing ​participants to hedge financial exposure ...

The contract is designed to convert monsoon variability from an unpredictable challenge into a measurable, manageable and ...

The National Commodity and Derivatives Exchange (NCDEX) has announced the launch of India's first official weather derivative ...

NCDEX will launch RAINMUMBAI on May 29, a SEBI-approved weather derivatives futures using IMD rainfall data to help farmers ...

The allure of weather derivatives—financial instruments that allow businesses to hedge against the whims of Mother Nature—is undeniable. They are tradable instruments that usually employ observed ...

Fluctuating temperatures can negatively impact firms, especially power utilities that can lose revenue if a particular season turns out to be warmer or cooler than anticipated. Renewable generation is ...

LONDON (Reuters) - Energy companies, hedge funds and commodity traders are stepping up their use of financial products that let them bet on the weather, as they seek to protect themselves against - or ...

The extreme weather of the past several weeks — from ice storms to blizzards to subzero temperatures — has undoubtedly had a harsh impact on the U.S. economy. From commodity producers to job creators, ...