Global demand for pepper is tending to increase when Indonesia begins to harvest, followed by Brazil. Indonesia’s pepper output is expected to reach less than 20,000 tons.
Global demand for pepper increased as Indonesia entered the harvest (Image: Allas)
Indonesian exporters predict the country’s pepper harvest to be below 20,000 tonnes while consumer estimates worldwide are 50,000 tonnes, according to the site. Newswrap India.
In fact, the headquarters of the International Pepper Community is located in Jakarta, where accurate information on production, export and domestic consumption has not been released yet.
The traders said that after Indonesia, Brazil is the next country preparing to enter the harvest.
This leads consumers around the world to believe that pepper prices tend to be secure in the coming months as India’s harvest will also begin after that, followed by Vietnam.
Demand for pepper increased due to lower prices
According to Mr. Kishor Shamji, owner of Kishor Spices based in Kochi, consumption of pepper in India and other countries is increasing due to lower prices.
Total consumption demand in India is increasing rapidly because this country needs at least 5,000 tons of pepper per month to cover the demand for domestic consumption. On the world market, the US, China and India are the three most consuming countries.
Meanwhile, pepper prices at Kochi floor on September 8 increased by 1 rupees / kg. Shamji said the rising demand from consumers has encouraged processors to produce farm-grade pepper along with products imported from Sri Lanka.
He said that countries around the world that are taking over Indian spice companies tend to profit from buyers’ demand for meals with a given seasoning package in such a way. The usual approach is to buy and sell.
Processing companies can also benefit from the provision of raw ingredients to meet the production needs of the above spices.
According to VietnamBiz
