(April 24) – The import of pepper could significantly harm domestic pepper farmers, who are currently facing a heavy crop failure due to adverse weather last year.
Concerned that pepper was imported through perjury and not in line with the plan, while domestic demand was high and prices were high, domestic pepper growers and traders urged Prime Minister Nagendra Modi and Minister of Trade. Sirmaraman Nirmala set the minimum import price (minimum import price – MIP) of US $ 6,000 / ton for black pepper imported from Vietnam.
Mr. Kishor Shamji, President of Indian Pepper and Spices Trade Association (IPSTA) and also a veteran exporter of Business Line Knowing this organization has written to Modi and Sitharaman about this.
“Vietnam's pepper production in 2017 was estimated at 200,000 tons and exporters have started selling pepper at a lower price even though they have no competitors in the world market,” said Mr. K. Shamji said.
Under the ASEAN Trade Agreement, India has imported up to 54% of pepper from Vietnam, many Indian importers are buying more black pepper from Vietnam by paying taxes. It is known that pepper import tax rate is 60%,
“Many importers, attracted by high domestic prices, while imported prices are below the cost and thus not only cause tax losses to the government but also harm the interests of Indian pepper farmers. Degrees, “in the letter. Vietnamese pepper can also enter India via Sri Lanka, Mr. Shamji added.
Meanwhile, pepper price is reported to decrease continuously.
According to the International Pepper Community (IPC), pepper prices in the international market continue to decline slightly as Vietnam is harvesting the main crop, while the crops in India, Brazil and Indonesia are completed.
On average, during the week, black pepper price of Lampung Asta 6,750 USD / ton, Kochi Asta 9,211 USD / ton, Kuching Asta 7,650 USD / ton. While HCM black pepper 500Gr / l-FAQ 5,150 USD / ton and HCM 550 Gr / l-FAQ 5,750 USD / ton.
According to a report of the General Department of Vietnam Customs, exports in the first half of April 2017 reached 11,551 tons of pepper of all kinds, with a turnover of US $ 66.37 million, up 9.62% in volume but down 16, 84% in value compared to the same period last year. The average export price in the period reached US $ 5,746 / ton, down 2.3% compared to the average export price of March 2017.
Source English (giacaphe.vn)
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