Pepper traders have welcomed commodity market regulator Forward Markets Commission (FMC)'s decision instructing commodity exchanges to bear the responsibility of delivering quality goods.
The traders were up in arms against National Commodity & Derivatives Exchange (NCDEX) over the Exchange's disowning responsibility for destroying adulterated (containing mineral oil) stocks in the Exchange accredited warehouses.
The traders' body had questioned NCDEX for disowning responsibility for the adulteration of 'Malabar Garbled 1 Black Pepper' with cancer causing mineral oils, which has been confirmed by the Food and Safety Standards Authority of India (FSSAI).
The traders were up in arms against National Commodity & Derivatives Exchange (NCDEX) over the Exchange's disowning responsibility for destroying adulterated (containing mineral oil) stocks in the Exchange accredited warehouses.
The traders' body had questioned NCDEX for disowning responsibility for the adulteration of 'Malabar Garbled 1 Black Pepper' with cancer causing mineral oils, which has been confirmed by the Food and Safety Standards Authority of India (FSSAI).
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