Demand from the festival has begun to drive up Indian pepper prices

Published 2020년 7월 20일

Tridge summary

The article reports a surge in pepper prices in Kochi, India, due to increased demand for the spice during upcoming festivals and a rise in home shopping. Kishor Shamji suggests farmers strategy to prevent illegal imports and profit from the price hike. The article also highlights a 34% increase in India's spice exports in June 2020, driven by COVID-19, with a significant growth in revenue despite a slight decrease in volume. India's main spice exports include pepper, cardamom, ginger, and more, with Vietnam, China, and the United States as the primary buyers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to The Hindu BusinessLine, the price of pepper at Kochi increased by 1 rupee to 304 USD / kg on 17/7. Traders said that consumers are increasingly buying to meet the needs of festivals such as Onam, Raksha Bandhan and Vinayaka Chathurthy which are about to take place across the country. An increase in home shopping and home-shopping businesses is also boosting demand for pepper, in addition to using the spice as medicine. Kishor Shamji of Kishor Spices has urged farmers to act cleverly and take advantage of the new situation to prevent illegal imports from entering and keep this advantage by hoarding goods in anticipation of prices. keep rising. According to him, processors are having difficulty marketing the pepper husks and chopped pepper because of the demand from the market of small and medium masala producers (a spice powder) for Low quality seeds are high. These manufacturers are using de-oiled peppercorns and extracted pepper residues. This has resulted in high ...
Source: Vietnambiz

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