(July 29) – Although the market has just re-started a few sessions, the futures pepper trading on NCDEX was evaluated well due to the participation of many investors.
Read more: >> Pepper is officially allowed on the VNX commodity trading floor
>> Open term pepper trading floor in Ho Chi Minh City
According to the announcement of the National Commodity Exchange (NCDEX), from July 24, 2017, pepper futures trading will be restarted after nearly 5 years of suspension. In the immediate future, the Exchange will trade 3 terms, September 2017 term, October 2017 term and November 2017 term.
Members and participants were informed of specific conditions and specifications so that pepper trading and trading was easy and convenient for the participants.
Accordingly, all members who have not finalized all amounts related to liabilities and delivery obligations under the November 2012 contract and the December 2012 term will be considered on a case-by-case basis in the spirit of protection. benefits of parties to the transaction.
It is known that due to various reasons, NCDEX halted trading of pepper at the end of 2012, although at that time India was the world's No. 1 producer and exporter of pepper. By the time Vietnam became a leading pepper producer and exporter, the Vietnam Pepper Association (VPA) did not hide its ambition to build an international pepper trading floor in Ho Chi Minh City. in cooperation with Mumbai. While SMX in Singapore also stopped trading pepper earlier because of inefficiency.
Hopefully, the restart of the futures pepper trading on NCDEX will attract financial investors in the high-value spice products and thereby help curb the decline of pepper prices in the national market. as in recent months.
Source English (giacaphe.vn)
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