The role of commodity derivatives and risk management especially in Black Pepper

Abstract

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