Pepper prices reached an all-time high at the end of 2013, to then ease back in early January by about 10% to 15%. The estimate for Vietnam’s new crop towards the end of February, looks set to be a record 145,000 mt or more. With such a good crop for the third year in a row, speculators discounted the current stock and the market fell from highs in December. Currently, the market has bounced by around $200 per mt, as buyers are entering the market and stockists are not selling in large quantities to the exporters.
- Govt expects onion output to rise 7%; sees fall in fruits, spice production January 27, 2020
- Govt planning to launch National Mission on Edible Oil in the near future January 21, 2020
- CACP recommends dual price policy for sugar trade for farmers’ benefit January 15, 2020
- After a sharp rise in Dec, vegetable prices moderate in Jan on availability January 14, 2020
- Kharif production likely to decline due to heavy post-monsoon showers January 13, 2020