The India Pepper And Spice Trade Association (IPSTA) is an Association of members registered under Section 25 of the Company's Act situated in Mattancherry, Kochi established in 1957. IPSTA has been functioning in futures trading in pepper without break since 1957. Futures trading is a price risk management instrument which offers many advantages to traders, stockists, farmers, exporters and end users by protecting them from adverse price fluctuations. Two main benefits of futures trading are Price Discovery and Hedging. Some of these benefits of futures trading are already reaching you indirectly via the healthy and fair prices issued in the newspapers, magazines, television, etc. every day, which are determined at IPSTA. However, there are certain benefits which can be taken advantage of by farmers directly becoming members of the Association and trading in the exchange. This helps them to avoid the risk in price fluctuation. It also helps in planning their requirements by knowing the exact time of expected delivery. In the light of the above, we invite you to become a part of this price discovery mechanism by becoming members in the exchange and availing of all advantages.