Can Indian pepper prices increase following global trends?
Published Jun 24, 2020
Tridge summary
The increase in Chinese buying has pushed up global pepper prices, especially in Vietnam and Indonesia, while the exchange rate of the Indian currency has not increased significantly.
Original content
Indian farmers, who have not benefited from a global upward trend, are expecting domestic demand to improve as the blockade is gradually eased, according to The Hindu Business Line. According to the International Pepper Community, Vietnam's pepper price increased by 18.54% over the past month, from 2211 USD / ton in May to 2621 USD / ton in June. Similarly, Indonesian pepper price also increased by 14. , 12%, from 2088 USD / ton to 2383 USD / ton. However, Indian pepper price only increased slightly by 1.8%, from USD 4354 / ton to USD 4434 / ton. MC Kariappa, president of the Kodagu Horticulture Association, said: “The recent global upward trend has not really benefited Indian farmers. However, we expect pepper prices to improve in the next few weeks, as demand in North India may increase due to easing blockade. ” The price of pepper delivered at the door increased from 290-300 rupees (3.84 to 3.97 USD) in the previous two months to about 315-317 rupees / kg (4.17 to 4.20 USD / ...
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