Indian commodities exchange delayed

02 September 1997

Indian commodities exchange delayed

THE opening of Indias first international commodities exchange has been
postponed until October. It was to have opened in April. It has meant a further
delay to the start of international business on the pepper exchange at
Cochin.

There is a global shortfall in the pepper crop and prices are rising. The
exchange would have benefited the producers. All leading producing countries
will participate in Cochin futures trading. The annual volume is expected to
be around $200 million (£124m).