Pepper prices are likely to decline further, as India’s stand in the global market weakens due to its highest price. Prices have dropped sharply since July 27 after hitting a 10-year high of Rs 220 a kg, and are currently hovering around Rs 198. According to experts, trends in the overseas and local markets indicate that prices may fall by another Rs 15 a kg in the next few weeks. Demand in
The pepper market is facing a serious supply crunch thereby pushing the prices of the commodity further. The world’s largest producer, Vietnam, has shipped majority of its crop and stockists in
World pepper production this year would be less than in 2009, leading to a rise in prices, according to the International Pepper Community (IPC), the inter-government organisation of countries
An estimated fall in production may lead to an appreciation in prices of black pepper by the second half of the current year. The latest estimates from the top producing states, Karnataka and
A sharp fall in stocks across all leading producing countries has strengthened the bull phase in the international pepper market. Reports emerging from major producing countries puts the total
Pepper futures market, which has witnessed high volatility during the week, closed marginally higher at the weekend. November contract moved up by Rs 155 a quintal to close at Rs 11,580.
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