The Indian Black Pepper market is likely to go bullish

It has been reported that the prices for Black Pepper in a few spot markets have gone weak for a few days. However, the overall strong sentiment for the commodity across India led to the market being stable.

Market Sentiment

• The Black Pepper market has been reported to have gone strong across most of the spot markets in the last three to four days.
• The market experts reported that the earlier fall in the commodity price was temporary, and the spice would regain its price soon.
• One of the primary reasons the prices are likely to go bullish for Black Pepper is the increasing demand because of the Makar Sankranti and Pongal.
• As a result, there is low selling of the crop at a reduced rate in the market.
• The spice prices have been supporting the buyers, making them active.

Prediction 

• The experts predict that the Black Pepper price will increase at least by 7 to 8 percent shortly.
• In the long term, the price of Black Pepper is expected to go up.
• The Indian Black Pepper market is likely to go bullish shortly because the arrival of the crop from other countries won’t start before March, mainly Vietnam. As a result, the countries looking to fulfill their demand will try to secure their supply from India.

Price Trend

Black Pepper 500GL

The price has remained the same for the variety since the beginning of the month.

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