The role of commodity derivatives and risk management especially in Black Pepper
Arun Chauhan and Dr. Anand Kumar
Risk management is the process of identified, analyze and acceptance or mitigation of uncertainty in investment decisions followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of uncertain events or to maximize the realization of specified opportunities. India is in good position to producer of Pepper accounting for about 50 percent of the world production. Black pepper is the most important spice of India and world because of its day to day uses. Black Pepper (Pipernigrum-linn), known as the "King of Spices" had remained the most precious and valuable form of spice among the world. It is also called as "Black Gold" due its durability and value in nature. Black Pepper is the 3rd most added ingredient in food among the all of the spices.