Black Pepper Prices in Brazil Fall Below Those of Vietnam

Mumbai. Typically, black pepper from Vietnam is the most affordably priced; however, currently, the price of Brazilian black pepper has fallen even lower. At present, the export offer price for Vietnamese black pepper stands at $6,000 per tonne, while the price for Brazilian black pepper has dropped below this level. Export offer prices from Indonesia and Sri Lanka are reported at $6,500 and $6,800 per tonne, respectively. In contrast, the export offer price for Indian black pepper is significantly higher, at $7,825 per tonne. Indian spices are known for their high quality.

In Indonesia, the harvesting and preparation of the new black pepper crop have already begun, while in Brazil, this process is expected to commence next week. Imports of black pepper into India from Sri Lanka are on the rise, and there is an expectation that imports from Brazil and Indonesia will also increase in the near future. The harvesting and preparation of new crops typically gain momentum in India during December–January, and in Vietnam during January–February.

Anticipating a firming trend in domestic market prices, producers and stockists have begun withholding their black pepper stocks, expecting prices to climb even higher in the coming period. On October 21, 36 tonnes of black pepper arrived at the terminal market in Kochi.

According to trade analysts, as black pepper prices rise in India, they are also increasing in exporting nations—most notably in Sri Lanka. These exporting countries are now focusing their attention on the Indian market. Domestic demand and consumption of black pepper in India are growing rapidly, yet production is not keeping pace with this surge. As a result, there are signs of an increasing reliance on imports from abroad.