Spices News

Rise in food inflation to 13.39% causes alarm for policy makers on the back of losses in kharif output while government is pinning hopes on increased rabi output. RBI's gold buying has spread positive sentiments and NMCE has now launched a futures aimed at gold retailers

Two commodity bourses are planning to start trading beyond mid-night hours subject to regulatory approval. They feel commodities of a global nature need such facilities for investors to gain from market developments. Turnover in comexes have surged 31% till October this fiscal.

Vietnam’s Pepper Association said the country has exported 10,901 tones of pepper in Sep, in which 8,905 tones was black pepper and 1,996 tones of white pepper, gaining $32.1 million.