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Black Pepper

Black Pepper is one of the most important spices grown and exported from India. Like other spices, it too has great domestic demand so quantity left for export is limited. It is mainly used as spice and its consumption is also known to have many health benefits. Though there are also white pepper and green pepper, black one is the most traded one, all being produced from the same fruit. Peppers are used in whole as well as grounded form all over the world.
In India, the harvesting period is Nov-March with South India growing almost all the pepper production. India, Vietnam, Brazil, Thailand, China, Madagascar, Sri Lanka, Indonesia are the major producers and exporters of pepper with Vietnam leading the both world production as well world exports chart. The harvesting season in Vietnam is March-May while in Indonesia it is July-Oct and Brazil August-Oct whereas in Malaysia it is May-Aug.
India's main export is of Malabar grade black pepper. The country itself is a very big consumer of spices so the quantity available for export is limited as compared to its competitors. U.S., Italy, Germany, Canada among other countries are big importers of Indian pepper due to its quality which is why it rules at the premium in International market. India also export pepper oil, pepper oleoresins, green pepper in brine, dehydrated green pepper etc.
The prices of pepper are highly volatile like other spices as India itself is a very big consumer of it so if any production fluctuation occurs it affects it hard. Also the world production and demand plays the major role in pepper prices. The stockists and speculators also play a major role in its prices. The availablity of pepper futures have given the exporters an opportunity to hedge their risks.

Black Pepper Prices

(Indicative Pepper MGI Commodity Prices in US$ PMT FOB port, India)


30th Sep - US$ 3100-3150
Though the prices in local market are on upswing due to festival season and limited supply, the depriciating rupee nullified the effect on export front. The Dec futures is at usd 130 more than the present market rate.

25th Sep - US$ 3100-3150
After continuously dipping sept futures made Indian pepper to touch usd 2800 level is now going up day by day in the local market. As assumed earlier that in case exporters buying from exchange if fails to get delivery from there as seller may defualt then they will have to buy from open market where stockists call the shots. Right now the scenario in Indian pepper market seems to be the same as sellers in spot market are relucant to sell at lower prices and holding back whatever the limited stock they have for ahead coming festive seasons in India when they hope to get much better realisation. Brazil is offering at 2650 level.

Black Pepper Prices Archives |Sep|Aug|July|June|Apr-May|

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