Latest news with #SPAN
Business Standard
a day ago
- Business
- Business Standard
MCX launches Cardamom Futures Contracts
With effect from 29 July 2025 Multi Commodity Exchange of India (MCX) announced the launch of Cardamom Futures Contracts effective 29 July 2025. This significant step is aimed at improving price discovery, ensuring better price risk management, and strengthening the spice trading ecosystem, especially for small and medium-scale farmers in South India and traders across India. The Exchange will initially offer Cardamom futures contracts with expiry in August, September, October, and November 2025, with trading beginning on July 29, 2025. Trading will be open Monday to Friday, from 9:00 AM to 5:00 PM. This compulsory delivery futures contract will represent 100 kilograms of cardamom, with quotes in ₹ per kilogram, based on ex-Vandanmedu (Idukki district, Kerala) pricing. The contracts will follow a Daily Price Limit (DPL) structure, with an initial limit at 4% with a potential additional 2% band after a 15-minute pause if the initial limit is breached. Initial margin requirements will be a minimum of 10% or as per SPAN, with a mandatory 1% Extreme Loss Margin.
Business Upturn
a day ago
- Business
- Business Upturn
MCX launches Cardamom Futures Contracts to strengthen spice market ecosystem
MCX has introduced Cardamom Futures Contracts, effective July 29, 2025, aiming to enhance pricing transparency and assist traders and farmers—particularly in South India—in better managing their risks. This move is expected to create a more streamlined and reliable trading environment for one of India's most traded spices. Initially, contracts will be available for expiry in August, September, October, and November 2025. Trading for these will run from Monday to Friday, between 9:00 AM and 5:00 PM. Each contract will represent 100 kilograms of cardamom and be quoted in rupees per kilogram, with the benchmark pricing based on the ex-Vandanmedu (in Kerala's Idukki district) rate. This is a compulsory delivery contract, which means physical delivery of cardamom is involved at the end of the contract period. To manage volatility, a daily price limit of 4% will be in place. If this limit is hit, trading will pause for 15 minutes, after which an additional 2% band may be allowed. Margins start at a minimum of 10% or as required by SPAN, along with a fixed 1% Extreme Loss Margin. With this launch, MCX is offering a structured platform that could help formalize spice trading further and give stakeholders—especially smaller farmers—better access to national markets. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
New Straits Times
5 days ago
- New Straits Times
Op Curi Air: Illegal water connection uncovered at Mantin farm
NILAI: The National Water Services Commission (SPAN) enforcement division raided a vegetable farm in Mantin late Tuesday night for allegedly stealing treated water. In a statement today, SPAN said the farm had made an illegal pipe connection to draw water for use on the premises and in its workers' quarters. "SPAN, together with Syarikat Air Negeri Sembilan Sdn Bhd (Sains), carried out Op Curi Air at a farm suspected of illegally tapping into the water supply network. "Checks revealed an unauthorised connection made without the operator's permission. "The illegal tapping was done directly from a pipe connected to a Sains meter," the statement read. Chlorine tests confirmed that the water was treated and supplied by the operator for use in farm operations and the workers' quarters. The case is being investigated under Section 89(9) of the Water Services Industry Act 2006 (Act 655), which carries a maximum fine of RM50,000, imprisonment of up to six months, or both, upon conviction. SPAN warned that unauthorised tapping of treated water is a serious offence and would result in legal action. "Further action, including cutting off the connection and a full investigation, will follow. "The public is urged to notify their local water operator if they detect any suspicious activity involving illegal water connections or the theft of treated water. "Reports or information on water pollution can be submitted via (SPAN's sisMAS system)," it added.
The Sun
5 days ago
- Science
- The Sun
SPAN launches REKA+ competition for youth water innovation
PUTRAJAYA: The National Water Services Commission (SPAN) has introduced the REKA+ competition to encourage creativity and innovation among Malaysian youth. Running from August 1 to November 30, the contest is part of the MADANI Smart Water campaign. Deputy Prime Minister Datuk Seri Fadillah Yusof launched the campaign on May 8, aiming to promote sustainable water solutions. The competition invites students from universities, polytechnics, and colleges nationwide to develop water-related innovations. SPAN stated, 'The competition period will cover registration, shortlisting, prototype or model development, and evaluation by a panel of professional judges.' Winners stand to win cash prizes totaling RM19,000, with RM5,000 for first place, RM4,000 for second, RM3,000 for third, and RM1,000 each for fourth to tenth place. 'REKA+ is designed to provide a platform for students to showcase their creativity and innovation, while encouraging a lasting behavioural shift towards valuing water services,' SPAN added. Registration forms and guidelines will be available on SPAN's official website and social media platforms starting July 29. - Bernama
The Star
17-07-2025
- Business
- The Star
Proposed water tariff hike for long-term support, says SAINS
SEREMBAN: The proposed water tariff adjustment in Negeri Sembilan is expected to boost the state's water supply system and asset capabilities and ensure long-term sustainability, says Syarikat Air Negeri Sembilan Sdn Bhd (SAINS). In a statement, SAINS said the new tariff structure will affect all customer categories, covering more than 490,000 accounts. However, domestic users consuming less than 20 cubic metres per month will continue to receive subsidised rates under the revised structure. "The proposed tariff review is currently under evaluation by the National Water Services Commission (SPAN) and will require federal government approval before implementation,' it said. SAINS called for public understanding and cooperation, stressing that the tariff adjustment is necessary to improve water service delivery and infrastructure across the state, as well as ensure a sufficient supply of treated water for the future. One of the main challenges, it said, is ageing infrastructure, particularly asbestos cement pipes prone to frequent bursts, which often disrupt supply. SAINS said the rising demand for water is driven by rapid development in Seremban and Port Dickson, population growth, and industrial projects under the Malaysian Vision Valley 2.0 initiative. Shifting climate conditions have also affected raw water quality, leading to higher treatment costs to meet national drinking water standards. To address these challenges, SAINS is undertaking continuous infrastructure development projects to ensure a sufficient water supply for current needs and future demand across various sectors and industries. "SAINS has allocated nearly RM1.3bil for projects under Operational Periods 5 and 6 (2021-2026) as outlined in its Business Plan. These include plant upgrades, construction of new treatment plants and pump houses, Non-Revenue Water reduction programmes and replacement of ageing pipelines statewide,' it said. SAINS stressed that sustainable funding is critical to delivering these planned infrastructure projects. Previously, SPAN confirmed it had received tariff review applications from water operators in 10 states under its jurisdiction. Detailed assessments are still underway. In addition to Negeri Sembilan, the states involved are Penang, Perlis, Kedah, Kelantan, Terengganu, Selangor, Melaka, Johor and Pahang. - Bernama
