Weekly Market Reports of International Spice Commodities – Peppercorns
Pepper price is expected to trade higher due to strong demand amid tight supply in the market. The spot price stood steady at around Rs.33300 ($123.47 / €91.23 / £78.97) per 100kg in Kochi mandi. On an average, the price of Indian pepper increased by 1 percent to $6467 (€4778 or £4136) per tonne compared to previous week. Fresh crops which are expected to reach the market by December may weigh on the price trend. However, the exports are seen firm in domestic and international market. According to latest report from IPC, Brazil exported 4700 tonnes of pepper in October 2011, up 3 percent from September 2011. During January-October 2011, total export of pepper from Brazil was 25331 tonnes against 24185 tonnes last year, up 5 percent. Global Pepper Conference 2011, organized by International Pepper Community in cooperation with the Directorate General of International Trade Cooperation will be held in Indonesia from 22nd – 26th November 2011.