Industry players welcome relaunch of NCDEX Black Pepper Futures, call for strict regulations
NCDEX is relaunching Black Pepper Futures trading in India after a decade-long hiatus, aiming to provide a reliable price discovery mechanism for growers and traders. While industry stakeholders welcome the move, some have raised concerns regarding contract sizes and the need for strict regulatory oversight to prevent speculation.
Industry stakeholders have largely welcomed the NCDEX Ltd’s decision to relaunch the Black Pepper Futures with which the SEBI-regulated stock exchange expects to revive “a pricing mechanism that had been absent from India’s commodity markets for over a decade.” Traders and growers have highlighted the price discovery angle of the mechanism even as raising the need for proper checks and balances.
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