World: Pepper market on December 3, climate change may delay next year's pepper harvest

Published 2024년 12월 3일

Tridge summary

Last week, the prices of black pepper and white pepper increased by 6% due to strong demand from the US, EU, Asia, and Middle East, causing the domestic pepper market to become vibrant. The delay in the coffee harvest has led to quiet transactions, and the 2024 inventory is forecasted to be at the lowest level in the past 6-8 years, leading to a scarce supply and pushing up prices daily. High pepper prices are encouraging farmers to invest in better garden care to boost output in the next crop, but climate change is causing a delay in the 2025 pepper harvest, putting pressure on pepper supply for the next three months. The harvest in India was unfavorable, but smooth harvests were reported in the western regions of Lampung, Bengkulu, and South Sumatra in Indonesia, and increased arrivals in Brazil have led to some selling pressure.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Daily price list of black pepper and white pepper Note: The above prices are for reference only, the actual price will vary depending on the locality, transportation method, payment method, transaction volume, etc. Readers please contact the nearest pepper businesses and agents for specific advice. Highlights: - Last week, domestic pepper prices increased by 6% due to strong demand from the US, EU, Asian and Middle Eastern markets, according to Ptexim. - The domestic pepper market became vibrant, as the coffee harvest was delayed, causing transactions to be quite quiet. The 2024 inventory is forecast to be at the lowest level in the past 6-8 years, making pepper supply on the market scarce, pushing up prices every day. - High pepper prices make farmers invest in better garden care, which can boost pepper output in the next crop. However, due to climate change, the 2025 pepper harvest is delayed, putting pressure on pepper supply for about the next 3 months. - The harvest in India ...

Source: Vinanet