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Pepper futures

This article was originally published in Foodnews

THE Singapore Mercantile Exchange (SMX), which began trading less than a month ago, is to launch the world's first pepper futures contract. Black pepper will be the exchange's first agricultural derivatives product, said SMX, and its settlement will be based on physical delivery. The exchange, owned by India's Financial Technologies, aims to create Asian benchmarks by expanding its commodity and currency listings and focusing on contracts with physical delivery.

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