Exporters limit Black Pepper price hike to win marketshare

Demand for black pepper (above 500 g/L grade) is expected to increase by the end of this year. While the prices of higher grade types are showing a gradual increase, Indonesian exporters are mostly holding the price stable to attract buyers' interests. Exporting prices for 550 g/L grade range between $ 4.500 - 4.900/MT. Heavy rainfalls, however, have become more persistent and are predicted to affect output, which will trigger price increase in the coming months. Competing mainly with Vietnam, Indonesian exporters are falling short of chances due to logistics challenges.