The trend of black pepper price increasing continues as the local demand has grown for all its varieties. Though India’s export demand is relatively weak due to the higher price it is quoting in the market compared to Brazil and Vietnam, the price is holding steady on spot trading.
According to traders, the supply of black pepper is tight because of limited stock. Moreover, there will likely be a supply crunch because the next harvesting season is in December – January. While this factor can lead to the price hike for black pepper, another factor can determine the trading price of the spice, i.e., the carry-over stock from the current harvesting season.
On August 17, the market closed at $5,25 per kg FOB for black pepper. It was a significant increase after it opened at $5,23 per kg FOB this month in the market.
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