According to market participants, pepper output in 2020 is forecast to increase by 30% from last year to 61,000 – 62,000 tons due to favorable weather in Kerala state.
According to the page Cogencis, the new pepper crop in Kerala state has officially started after being delayed by two weeks. However, the quantity and quality of pepper are still very low, according to some traders.
The moisture of the first harvest is about 17-20%, higher than the normal level of about 13%.
According to experts' forecast, pepper prices may decrease in the period of February – March after the states of Kerala and Karnataka in the main season and output can reach the threshold of 200 – 300 tons / week.
“The actual fluctuations of pepper prices will be shown when the harvest is at its peak. In this year's crop, the price may drop below 300 rupees per kg, even reaching 275 rupees in the short term. However, prices will recover at 300 rupees / kg, ”said Gulshan John, executive director of Nedspice Processing.
According to market participants, pepper output in 2020 is forecast to increase by 30% from last year to 61,000 – 62,000 tons due to favorable weather in Kerala state.
However, yields in Karnataka state may be lower due to prolonged heavy rains, which affects the growth of trees.
Karnataka is the largest spice producer in India, accounting for about 55% of the country's share. The state of Kerala and the state of Tamil Nadu are 40% and 5%, respectively.
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