International pepper buyers are in a waiting mode after recent spates of coverage and continued upturns in prices.
The IPC noted that price gains were particularly high in Malabar black pepper due to very tight stocks in India. The local price of Malabar black pepper in Kochi had risen to INR69,000/kg from INR60,000/kg the previous week. According to the IPC, the fob price of Malabar garbled was USD11,590/tonne on April 24...READ MORE