Live Spot Prices
Copper ( MCX ) 445.6 | Lead ( MCX ) 140.5 | Brass ( MCX ) 345 | Crude Oil ( MCX ) 3714 | Guar Seed ( NCDEX ) 4390 | Turmeric ( NCDEX ) 6150 | Castor Seed ( NCDEX ) 5368
 
ICEX to allow trading in Black Pepper, Cardamom
Commodity Online | December 07 2018
UPDATED 15:32:36 IST

Plunge in global Arabica prices cripple India’s exports 

India's Sugar output, exports may fall next year as drought cuts cane planting

Centre introduce export policy to boost export of agri products

Govt procures 33.14 lakh tonnes of Pulses so far in 2018-19

Retail inflation falloff to 17-month in Nov at 2.33%

Indian Commodity Exchange (ICEX), the Mumbai-based online commodity derivatives platform that took over the National Multi Commodity Exchange (NMCE) in August, will add black pepper and cardamom to its list of traded commodities.

The exchange, which has begun trading in diamond, steel and rubber, plans to expand into plantation commodities. We will launch black pepper contracts next month, followed by cardamom contracts, a top official of ICEX said in a statement.

Trading in black pepper futures on a national exchange was stopped some years ago after the seizure of mineral oil-contaminated pepper from warehouses.

At a meeting ICEX held with the black pepper traders, it was suggested that the trading lot and delivery unit of pepper contracts be changed from 100 kg to 1 tonne.

“ICEX will endeavour to make rubber and pepper prices, discovered by hundreds of small Indian traders sitting in Kottayam, Ernakulam, Pala, Kushalnagar and Hassan, become global price benchmarks and establish Indian prices internationally,” the official said.

NMCE used to conduct futures trading in rubber.

 

Commodity Arrivals Rate
Mustard Oil NR 9550.00
Coconut Oil 2 18000.00
Arecanut 3.5 2000.00
Sugar NR 3700.00

More

×