SPICEXIM are International Brokers for seeds, spices, herbs and dry fruits. SPICEXIM is a multi-generation company with a long and respected history and has been in the business for more over a century. Below they try to provide a snapshot for different spices in 2021 and trend indications for 2022.
Black Pepper
Black pepper prices continued to firm in second half of 2021 on expectations of smaller crops in 2022, especially from the biggest origin – Vietnam, where farmers/planters disappointed at the lower prices started neglecting their plantations.
Average sized crops across Indonesia and Brazil were reported, which kept markets stable. Sri Lankan new crop is smaller, and prices have firmed up on Indian buying.
More controls have been imposed in EU for salmonella from Brazil pepper, effective from January 2022.
We expect black pepper to remain stable during the first quarter of 2022, with new Vietnam crop and Chinese New Year holidays and firm up during the middle part of the year, depending mainly on demand from China and USA.
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