Isabgol, a global commodity produced in India and exported mainly to the US, China, and Europe, has debuted on the NCDEX platform. The commodity's price is affected by every international trade instance such as geopolitical tension, trade war, and forex price momentum. The pharmaceutical industry can benefit from commodity derivatives to manage pricing risks, as the price of Isabgol is vulnerable to climate and weather changes. Derivatives like futures contracts can be used to hedge prices.
