21 July 1998
Indian pepper and spice
seeks foreign traders
THE India Pepper and Spice Trade Association has won Indian Government funding for its campaign to recruit foreign trading houses as members of the International Pepper and Futures-Exchange (IPFE).
India is the largest producer and exporter of pepper. Trade officials say that high prices following a setback in the Indian crop this year are keeping IPFE trading volumes low. Trading in just one currency – the rupees – is also holding back the exchange.
- Financial Times 21/07/98 page 30