Indian Black pepper prices are expected to rise as Indonesia reports a fall in production. The price rise is expected because India is now dependent on Vietnam and Indonesia for supply of the spice as domestic production turning out to be much less than the projected 53,000 tonne.
Indian pepper export volumes increased to 28,100 tonne, valued at Rs 1,730 crore which is the highest in almost a decade. Pepper imports rose over 20% from a year ago to reach around 20,000 tonne. Indonesia is the world’s second largest producer of the spices.