Pepper prices seen easing on robust supply

By: | Published: January 7, 2015 12:39 AM

Pepper prices are seen easing with arrivals trickling down into the terminal market...

Pepper prices are seen easing with arrivals trickling down into the terminal market in both India and Vietnam, traders said. The market, which has been very firm and seen record levels during 2014, is estimated to ease in the current year with global supply estimated to be higher. India is the largest consumer of pepper in the world and the second largest producer after Vietnam.

“New pepper crop from central Kerala has started arriving in the market and it looks that the supply would be very good in the current year. Likewise one province in Vietnam has also started sending pepper into the market and Vietnam is offering delivery after January 15. Prices in Vietnam have declined to a six-week low,” Jojan Malayil, a leading exporter from Kochi, told FE. He feels that the market would ease further as supply improves. Domestic spot prices have declined to R690 per kg in the Kochi terminal market from last week’s R705 per kg.

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