It has been raining heavily in Karnataka for the past few days. Due to this, there has been a flood-like situation in many state districts. The Meteorological Department has also predicted more rain in the state. As a result, there is sluggish buying, but it is likely to change in the next few days.
Current Scenario
The black peppercorn price is currently stable at $6,95 per kg in spot markets after a recent slump of $0,13 per kg. The supply of black pepper in the surrounding growing areas, including Cochin, has significantly reduced. Kerala has received good rainfall for the past week. This is why the arrival of black pepper and its uptake remains negligible. In the international market, the price is higher due to the low supply of crops. Also, rigged goods are coming in less.
Indian farmers, on the other hand, have been receiving the lowest price for black pepper for the last five years, which has pushed them to lose interest in crop production.
As a result, the black pepper domestic spot price is expected to benefit and will likely stay at $6,83.
Future
There is unlikely to be an improvement in the price in the next couple of days. However, experts believe that the monsoon will be in full swing in the next few days. As a result, the heat will be lesser. It will eventually help the market to move up for the spice as the demand will grow amidst limited supply.
Price Trend
Black Pepper 500 GL
| Date | Price |
| May 26 | $7,69 per kg FOB |
| May 25 | $7,70 per kg FOB |
| May 19 – 24 | $7,75 per kg FOB |
| May 16 – 18 | $7,80 per kg FOB |
| May 10 – 12 | $7,85 per kg FOB |
| May 4 – 9 | $7,90 per kg FOB |
| May 2 – 3 | $7,95 per kg FOB |
Pepper black 550 g/l :