A SHARP fall in output and the resultant high prices have hit Indian pepper exports. Exporters said India would struggle to reach the export target of 20,000 tonne for pepper set by the Spices Board in the current year. Pepper exports for the three months ended June 30 were around 3,000 tonnes…READ MORE
India exported 26,700 tonnes of pepper valued at Rs8.78bn ($157.43m) in 2011/12. Though Indian pepper price has now dropped to around $7,800 per tonne from a level of $8,300, it is still higher than the prices of other pepper producing countries…READ MORE
Indian pepper production for 2011/12 is expected to fall below the average for the past seven years, estimated at 43,000 tonnes to 50,000 tonnes owing to decrease in yield (non-yielding area). Indian pepper prices had witnessed long liquidation after touching an historic high of Rs43,485 ($824.28) per quintal in February. Prices had risen in February […]
GLOBAL black pepper prices showed significant downward corrections in the week to April 5, raising hopes that demand must pick up as a result. Pepper could be considered as reasonably priced at current levels. One potential positive was that Ramadan is quite early so Middle East buyers have been taking coverage to latch onto June […]
On the Indian pepper exchange on March 8, Malabar black pepper was traded at $9,200 a tonne, which corresponded to around €6.95 ($9.17) a kg. Since the end of January, Indian Malabar black pepper prices had gained by 30% on average while…READ MORE
Prices of Indian black pepper on the spot market had gained in line with the futures market, with the ungarbled variety quoted at Rs39,500 a quintal and the MG1 at Rs40,500. Local farmers are holding the pepper as they anticipate higher prices in the coming months. With a shelf life of seven to eight years, […]
INTERNATIONAL pepper prices have been holding mostly firm despite new crop harvesting being under way in India. India in recent years had moved progressively northwards, meaning that the crops from these origins was now tending to come in later than in the past. It’s not so much that the farmers are holding back the crop. […]
Indian exporters agreed, however, that this would be a tough year for them to compete on the pepper stage as the local crop looks set to be just 43,000 tonnes from 48,000 tonnes a year before. Except for situations where Indian pepper can be sold at a premium due to its specific profile, the emphasis […]
GLOBAL pepper prices have shown regular declines of late as demand remains stuck in the doldrums with no sign of picking up before the end of the year. Trade estimates have pegged India’s crop to reach 40,000 to 45,000 tonnes compared with around 50,000 to 55,000 tonnes in 2011…READ MORE
INTERNATIONAL black pepper prices have shown some temporary downward corrections of late as buyers hold off from large scale purchases but the underlying fundamentals of tight supply and high prices remain intact. A spate of speculative activity in India has helped bring prices down there…READ MORE