NCDEX Tips Trial

Forward Market Commission asked National Commodity & Derivatives Exchange (NCDEX) to restart the procurement of pepper. National Commodity & Derivatives Exchange Ltd (NCDEX) on Wednesday said it has asked its Kochi warehouse service provider not to accept fresh deposits of pepper following complaints of inferior quality being deposited by several physical players. Market sources estimated the quantity of such pepper deposited by the syndicate of several physical participants to the tune of 2,000-2,500 MTs aggregating around Rs 100 crore.