In Kerala’s rural districts, the new harvest of black pepper has begun to arrive in limited amounts and considering the quality, its prices were fair. Because of this, pepper demand is anticipated to stay high in the following days.
Present Situation
The harvesting season of pepper has onset in Vietnam, Southern Brazil, and India, which might potentially put some pressure on pricing in the short to medium run in the charts.
Speculators attempted to manipulate the market over the previous weeks to drive up prices and sell off their stocks. The price surge was transient, though, as prices have since dropped to those of early November.
Future Assumption
Despite a strong harvest in Brazil and ordinary harvests in Vietnam and the majority of other producing nations, worldwide output continues to fall short of demand, which causes international stock levels to decline.
Recently, market prices have been supported by Chinese demand in advance of the lunar new year, but more pressure is anticipated when new crop materials enter the market. The precise repercussions of China’s latest easing of its zero-covid policy are still unknown.
The Pepper black 550 g/l prices were Recorded at $6,71 per kg FOB.