The Singapore Mercantile Exchange will start trading black pepper futures contracts from Feb. 10 as it seeks to develop a platform for the commodity grown mostly in Asia, the bourse said in a statement today.
The contracts will be for pepper that weighs 550 grams per liter, the common grade in Asia, the exchange said. Vietnam dominates the world pepper market with an export share of 43 percent, while other major exporters include Indonesia, Malaysia and India, it said.
To contact the reporter on this story: Luzi Ann Javier in Singapore at firstname.lastname@example.org
To contact the editor responsible for this story: James Poole at email@example.com