Limited buying and less demand in domestic markets have kept pepper prices lower. Prices have declined by $0,18 per kg in the past two weeks.
The Farmers informed that the price drop is due to a pause from buyers such as spice manufacturers on account of financial closing. Traders in the primary market are looking to sell the commodity to settle their financial commitments before March 31. This has led to higher availability of physical pepper in the spot market.
Besides, increased selling pressure from Karnataka growers and planters has helped traders in the State to offer lower prices. There was increased availability of Vietnam pepper in the consuming markets such as Delhi and Kanpur ICD. This has also impacted prices in the domestic market.
According to traders, the market will see an upward trend from April as buyers are expected to come forward to cover requirements that have been postponed.
Price Trend
Black Pepper 500 GL
| Date | Price |
| March 31 | $7,65 per kg FOB |
| March 29 | $7,70 per kg FOB |
| March 24 | $7,75 per kg FOB |
| March 21 | $7,50 per kg FOB |
| March 17 | $7,35 per kg FOB |
| March 10 | $7,01 per kg FOB |
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