Pepper futures back but cheap imports worry traders

Contract futures trading in black pepper was suspended on complaints of mineral oil contamination

Black pepper is back on the derivatives-trading platform after nearly four and a half years with the National Commodity & Derivatives Exchange (NCDEX) relaunching the commodity.

The Multi Commodity Exchange of India (MCX) also launched trading in Malabar Garbled Black Pepper futures contracts on Monday.
 

A big trader said it would take some time for traders to adopt and accept the new development after the past unpleasant experience of delivery and payment. “Generally it was felt that it was not investor-friendly,” said a trader.

He said exchanges had not only addressed these challenges, a new delivery centre was added