The Guatemalan and Indian crops started in October 2013 and tonnages are again large for the third consecutive year. Prices Guatemala in November reduced to the lowest levels for almost 8 years, however at the end of January there was speculation that the crop was not as large as original estimated and prices appear to be currently increasing. The incidence of “Thripps”, an insect that bores into the pods, is again on the increase this year. Currently suppliers are withdrawn and prices are firming.
Andrew Barker
An international food broker, with main activity in spices and herbs.