| When Singapore Mercantile Exchange, the first pan-Asian commodity exchange, opened for business in February, it chose Ho Chi Minh City as the delivery benchmark for its pepper contract, constituting a fresh setback for India in its losing battle against Vietnam for supremacy as South-East Asia's commodity hub.
Prices set on the Mumbai-based National Commodity and Derivatives Exchange Ltd (NCDEX) have traditionally moved the global pepper market, but now this edge is in danger of being lost...............................................Full Article: Source
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