I was seeing a news article talking about launch of pepper contracts on MCX. I have friends from Coorg/Chickmangalore/Kerala who were interested to know more. Can someone share contract information and anything else that you may have?
Find below the contract specification. You can see all information on pepper here.
Trading and Delivery Unit 1 MT
Quotation Rs. Per 100 Kg (Quintal)
Tick size Rs 5 per Kg
Price Quote Malabar Garbled 1 (MG1) Ex- Kochi (Ernakulam), exclusive of
Sales Tax/GST
Daily Price Limits 4% (i.e. 3% + 1%)
Initial Margin Minimum 4% or based on SPAN whichever is higher
Extreme Loss Margin 1%
Max. Open Position (OI) For clients: 900 MT (for near month: 225 MT)
For a member collectively for all clients: 9000 MT or 15% of the
market wide OI whichever is higher (for near month: 2250 MT)
Delivery Logic Compulsory Delivery
Staggered Delivery period 10th of every month (Last 10 days of the contract)
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Hi @nithin may you please add pepper to the brokerage calculator. Brokerage calculator is easier to understand than the MCX website 
Meanwhile, can you answer for every 1 Rs. movement in price of Pepper, how much will be the move in position? E.g. CrudeoilM has a change of Rs. 10 in position for every 1 Rs. move in price.
We will get added. Pepper is a 1 MT (metric ton) contract or 1000 KG. Quotation/Base value is per 100 kg.
So every Rs change will mean P&L of Rs 10 on the pepper contract.