Pepper prices cascaded due to lack of buying support in the counter since there were no fresh triggers on demand side from domestic as well as overseas market.

Indian parity price in the international market traded around $4400 per ton and the other major producing countries are offering within a range $3980-$4150.

Pepper harvest in Indonesia has almost completed and as per field survey conducted by IPC, pepper produce from Lampung during the current season is estimated around 22000 metric tons.

Vietnam exports to the US had increased 58 percent and to Germany 56 percent. International participants are closely watching the crop development in Brazil which is expected to arrive in September October period.

According to Agricultural Market Intelligence (AMIC) the uptrend in prices is expected to continue till the end of December. Current climate is favorable for an early crop in November.

Courtesy: Geojit Comtrade Limited

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