Tridge summary
India is experiencing a decrease in pepper prices, with rates falling to 308 rupees per kg at Kochi. This has led to an increase in selling pressure, as people are offloading pepper to avoid further price drops. The decline in prices is due to decreased demand and the illegal import of pepper from Sri Lanka, despite a minimum import price of 500 rupees per kg. The industry is calling on the Indian government to curb these illegal imports to safeguard the domestic market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Decreasing pepper prices in India forced people to sell off to avoid the risk of further downward prices. Pepper prices at Kochi decreased by 1 rupee / kg on 8/7 to 308 rupees / kg. Currently, the selling pressure is increasing, especially traders in Wayanad and Coorg districts. At the same time, there are more sellers than buyers, says Kishore Shamji of Kishor Spices. According to Mr. Kishore Shamji, the demand for pepper is going down, causing the price of this commodity to plunge. The community of pepper farmers is facing low prices and massively imported pepper from Sri Lanka even when subject to a minimum import price of 500 rupees / kg. According to Mr. Kishore Shamji, the lack of strong measures from the authorities has made the illegal import of pepper from Sri Lanka increasing. Community of pepper growers also said that ...
Source: Vietnambiz
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