(July 29) – Although it has only restarted for a few sessions, the pepper futures trading on NCDEX is highly appreciated because it attracts many investors.
Read more: >> Pepper is officially allowed on the VNX commodity exchange
>> Opening a pepper futures trading floor in Ho Chi Minh City
According to the announcement of the National Commodity Exchange (NCDEX), from July 24, 2017, it will restart the pepper futures trading after nearly 5 years of suspension. In the immediate future, the exchange will trade for 3 terms, the term of September 2017, the term of October 2017 and the term of November 2017.
Members and participants have been informed of the conditions and specific specifications so that the transaction and trading of pepper is easy and convenient for the participating parties.
Accordingly, all members who have not yet paid off debts and delivery obligations under the November 2012 and December 2012 term contracts will be considered on a case-by-case basis in the spirit of protection. interests of the parties to the transaction.
It is known that due to various reasons, NCDEX stopped trading pepper futures at the end of 2012, although at that time India was the world’s No. 1 producer and exporter of pepper. When Vietnam became the 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. with cooperation from Mumbai. While the SMX exchange in Singapore also stopped trading pepper earlier because it was not effective.
It is hoped that the resumption of pepper futures trading on the NCDEX will attract financial investors to the high-value spice commodity and thereby help prevent the decline of pepper prices in the international market. economic like the past few months.
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