Global pepper market on September 26; Indonesian pepper prices are increasing steadily and exporters are limiting offers

Published Sep 26, 2024

Tridge summary

The article discusses the pepper market, focusing on the impact of Indonesia's new crop supply on prices. With an estimated production of 85,000 tons, up by 5% from the previous year, Indonesia has introduced a large supply into the market, leading to a steady increase in prices due to high demand, especially from the EU, which has seen a doubling of pepper imports in the first 7 months of 2024. Despite this, exporters are limiting their offers, indicating market stability amidst the increased supply.

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 trading enterprises and agents for specific advice. Highlights: - According to experts, Indonesia's new crop supply has entered the market, helping to increase supply. It is estimated that Indonesia's pepper output in 2024 can reach 85,000 tons, an increase of 5% over the previous year. This abundant supply creates significant downward pressure on the market. - Some of Indonesia's main pepper production areas have completed harvesting. Producers have sold a large amount of goods. Pepper prices in Indonesia are increasing steadily and most exporters are limiting their offers. - In the first 7 months of 2024, the EU increased pepper imports from all major extra-bloc sources, with growth rates ...

Source: Vinanet