There is not too much room for downward prices but prices may continue to fall step by step. India’s 2002/03 black pepper crop was expected to be 50,000 tonnes – 25,000 tonnes less than its domestic consumption…READ MORE
During January and February, India exported just 2,800 tonnes of pepper, compared with 4,750 tonnes in the same period last year, according to estimates by the International Pepper Community (IPC). In February, exports fell to 1,500 tonnes, a drop of 38% or 900 tonnes from a year ago…READ MORE
Due to the poor prices that black pepper is currently commanding on the international market, Indian spice are fearful that global prices will remain weaker than those on the domestic market and they are therefore expected to be very wary about exports in 2003. Indian black pepper shipments totalled only 1,550 tonnes in December and […]
Despite forecasts last year of a tight black pepper market during the first quarter of 2003, traders are now anticipating a glut and lower prices in most origins.The largest player in the field, India, have already begun their harvests, which are expected to total around 140,000 tonnes…READ MORE