Black Pepper is the base commodity, with immense potential for trading on Exchange. Hence the same was chosen by the Patrons of IPSTA making the Exchange,
the oldest commodity exchanges in our country and the first recognized Regional Commodity exchange for Black Pepper in the world with over 59 years of operation in its credit.
It’s proximity to the Kochi port made Mattancherry a terminal market for spice trade.
Increasing overseas demand for pepper from the US and Europe prompted these traders to form IPSTA. The Black Pepper Contract was started as a delivery based contract in order to enable the Exporters and Farmers, hedge during the commencement of season.