Word: lampong
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Dates: during 1930-1939
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...fluctuations which characterize Mincing Lane pepper trading, margins are closely regulated on the New York Pepper Futures Market, daily fluctuations are limited to 1? per lb. per day and pepper stocks must be kept in licensed warehouses subject to inspection. The trading unit is 33,600 lb. of Lampong (Netherlands East Indies) black pepper, with Aleppy and Tellicherry (British India) as optional deliveries. Pepper prices are currently very low (6? per lb.) because last year's crop was the largest in history (87,000 tons were shipped) and there is now a glut of pepper on the market...
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