Pepper cultivation across the globe suffers from neglected farms, high labor costs, lower returns, curtained demand, and supply chain disruption during the post-Covid period.
The report, prepared by Jayanti Herbs and spices, said production in India will likely increase to 53,500 tonnes from 52,000 last season.
Untimely rains during the time when the spikes grow, high labor costs, as well as non-availability of workers, have affected pepper output in India. However, the country has high carryover stocks of 16,742 tonnes. Production in Vietnam is seen recovering to 2.25 mt from 2 mt despite exports dropping 8 percent in 2022. Shipments to China, in particular, declined by 30 percent.
Brazil is coming up with a bigger crop of 1.08 million tonnes and surprisingly, Vietnam is the major importer of spice from the Latin American nation. Its shipments to the US, however, have been hit by the presence of salmonella bacteria. China’s pepper imports are rebound that it offers hope, said experts at the panel discussion on the crop report.
White pepper prices may rule firm as its production is projected lower at 87,000 tonnes against 95,000 tonnes, while the carryover stocks is projected lower at 17,000 tonnes (26,400 tonnes).
The pepper black 550 g/l prices were recorded at $6,78 per kg FOB.
Import/Export Statistics
Please click to reach our marketplace