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The Forward Markets Commission has granted permission to India Pepper and Spice Trade Association for launching pepper futures from July.
“All the requirements/conditions of the food safety authorities will be taken care of. Similarly the trading rules and regulations as per the FMC order would be followed,” they said.
“Now it is for the members of the commodity-specific regional exchange to show their capabilities for conducting futures trading in pepper,” Kishor Shamji, former President, IPSTA, said. The permission is for six months.
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