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Coriander News - Availability of higher imported pepper put cap on domestic pepper prices
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Availability of higher imported pepper put cap on domestic pepper prices

In India, pepper growers are concerned about the increasing share of Sri Lankan pepper in the market. As per trade sources, the reason is that the Revenue Administration at the Port of Tuticorin has released a stockpile of about 500 tons of Sri Lankan black pepper. This is the backlog of goods in the period from April to May.  This likely to impact  on Indian domestic prices to tend to go down.
 
As per trade information, Sri Lankan pepper production will increase by 25% in 2021 to 25,000 tons. Meanwhile, Sri Lanka's domestic pepper consumption is reported at only 12,000 tons. Therefore, the possibility of a large amount of Sri Lankan pepper imported into India is very high and put cap on prices. 
 
Currently, black pepper prices are moving at Rs.41,600/-qtl. Rs.600/-qtl down from first day of September.