The price of black pepper in the domestic market in India is declining as demand is no longer high, especially in large consumer markets in the North, where it is thought that illegal imports have increased. Business Line.
The warehouse of Kishor Spices company in Kochi
Mr. Kishore Shamji, owner of Kishor Spices in Kochi, said that big pepper markets such as Patna, Ranchi, Lucknow, Varanasi, Indore, Delhi … were flooded with smuggled Vietnamese pepper, as well as seeds. Sri Lanka pepper crosses the border of Nepal, Myanmar and Bangladesh. He accused some traders in these areas of being chasing illegal imports to evade taxes.
Pepper prices have fallen by Rs 15 a kg between December 31 and January 10, and prices are now fluctuating at Rs 351 per kg for buckets and Rs 371 Rs for kg processed pepper. nearly 5,700 USD / ton). While import prices of Vietnamese black pepper were at US $ 2,800 / ton, Sri Lanka at US $ 3,800 / ton and Brazil at US $ 2,000 / ton.
The lower volume of deliveries tightens the supply in the market, even as the 2019 crop has been delayed for more than 60 days due to climate, floods, landslides and strong winds causing late ripening chains and seeds.
When natural disasters caused damage to growing pepper chains, an estimated 70,000 to 90,000 tons of bumper crops were misleading, forcing a reduction in crop estimates. This has made pepper harvest slower. Normally, until September and October is considered the time to harvest immature pepper for the dried green pepper industry as well as salt brine pepper in a very significant amount.
During this period, the industry often made futures contracts with buyers to meet the needs of Christmas and New Year.
However, the declining volume and the delayed harvest have prevented the futures contracts of the green pepper industry from being exported, Kishore Shamji added.
When the source of illegal import began to bother domestic growers, Mr. K.Shamji reiterated the grower's request to make every effort to prevent this threat, when India just started its annual pepper season. now on.
In some pepper areas south of the state of Kerala, old pepper and some ripe pepper have begun to appear, in the context of new pepper availability and reserves of old crops have decreased.
KK Vishwanath, Coordinator of the Black Pepper Farmers' Organization, said international prices were also declining due to oversupply.
The harvest in Kerala state has begun and is followed by 2-3 months of harvest in Karnataka state, promising a plentiful inventory. However, some smallholder farmers are still keeping the old crop in anticipation of an increase in prices.
Source English (Giacaphe.vn)
Source link
