09 December 1998
India frees up pepper trade

INDIA has relaxed its rules for trading in pepper and will allow foreigners to give quotes in dollars.

The move is designed to boost low volumes at the countrys International Commodity Exchange for Pepper (ICEP).

The Indian Pepper & Spice Trade Association, which runs the ICEP, based in the south India city of Kochi, thinks about a dozen foreign trading houses will become members.