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).