Brazilian black pepper prices are on the rise in recent weeks, due to the lack of stock and since Brazilian farmers are not willing to sell what's remaining of their product in lieu of the severe drought in growing regions.
The harvest in Para state in Brazil has just finished. The region is currently enduringa drought, with the most significant impact anticipated for the 2024 crop.
Brazil exported 58,000 MT, 4% down from the last year.
Volumes partly shifted from the US and EU to Africa and Asia.
Excess rain in Dec-Feb hurt the Espirito Santo (ES) crop, while Para, where the harvest has just finished, is now suffering from a drought linked to El Niño.
Finnaly since the last weekend prices exploded and the local market is very volatile, with prices changingby hour, making impossible long lasting firm offers.
The harvest in Para state in Brazil has just finished. The region is currently enduringa drought, with the most significant impact anticipated for the 2024 crop.
Brazil exported 58,000 MT, 4% down from the last year.
Volumes partly shifted from the US and EU to Africa and Asia.
Excess rain in Dec-Feb hurt the Espirito Santo (ES) crop, while Para, where the harvest has just finished, is now suffering from a drought linked to El Niño.
Finnaly since the last weekend prices exploded and the local market is very volatile, with prices changingby hour, making impossible long lasting firm offers.
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