Black Pepper Price Trend Will Not Be Improving

Monsoon activity remains active in the major pepper-producing states. There are also reports of floods in some areas of Karnataka. In contrast to the earlier rainfall deficit, the monsoon rainfall has now become somewhat higher than the long period average.

The rainfall distribution remains abnormal as the capital Delhi, and northern states like Haryana and Punjab are still awaiting good rains. On the other hand, the new crop of Markara in Karnataka is also expected to be relatively weak. In Kerala, the arrival of the new crop of black pepper in the spot markets is negligible. However, there is negligible selling of farmers there, affecting the markets’ sentiments.

Business activity in pepper in Kerala and Karnataka remained sluggish to normal. There are reports of deals being made directly to the consuming spot markets from the rural areas of Kerala. The main reason is that the local buyers buy black pepper directly from the farmers.

In the Delhi market, the price is affected by the arrival of Brazilian goods. As a result, there is no prospect of a rise in pepper on the spot in the coming days.

Amid sluggish work, peppercorns have recently softened by $0,06  to $6,25 – $6,38 per kg in the wholesale grocery market. In Kochi, it is currently being bid at $6,00 – $6,25 per kg, with a recent slump of $0,13 per kg.

Also, contrary to the forecast, the production of black pepper in Kerala is expected to fall this time. But the sentiment for the spice is low, and the price is not likely to increase in the spot markets.

The Black Pepper 500 GL prices were Recorded at $7,25 per kg FOB

Related posts:

August Month Got Good Hopes For Indian Spices Market overview Black Pepper Market Price Fails To Improve In South India India : Black Pepper Prices Soared In Domestic Market India: Black Pepper Having A Bear Grip In The Market The stable Indian commodities of the week An outlook on the stable commodities turmeric, red chilli, black pepper, and chickpeas. This report will show what are the factors due to which these commodities still have stable prices. Worldwide crop forecast of black pepper Why Black Pepper Current Situation is Complex in Indonesia Black pepper India: Export rise in 2021?