The price of pepper from India increased by 20% in the past week. The main reason is the sudden increase in demand from the domestic market. Besides, the Kerala region is the main pepper production area of India, the heavy rain has made the crop forecast to decrease by 30-32%.
Besides, the price of pepper in Brazil also increased by 10% in the past 2 weeks. Many information forecast that Brazil's crop will be reduced by 15-20% compared to the 2022 crop. This has caused farmers/dealers to increase hoarding and less offer to sell to the market.
Posts
1 comment:
The analysis is very thorough👍
Post a Comment