Dumping pepper into domestic market a false propaganda

Dumping of imported Pepper into domestic market is a false propaganda to buy pepper at lower prices by a section of the trade shouldn't be taken seriously at all.

The country has imported 6700 mt of Black pepper in the first 6 months comprising of 3000 mt for value added grinding and sterilization and 3700 mt for oil and oleoresin extraction.
The average import is only 500 mt a month and in a market where there is a very tight supply situation and squeeze and prices expected to pick up from august and hit Rs 150/- kg it is senseless to dump this meager quantity into domestic market to depress prices.
The country which is consuming 50000 mt of black pepper every year ( about 4175 mt a month) according to some expert statisticians should have the minimum common sense that even if the entire 3000 mt is dumped by all importers the local prices are not going to be affected as the quantity is very meager to depress prices.

Dumping news is so far emanating only from one source all these days and it is a false news to scare growers and traders and buy pepper at cheaper prices according to major export firms.

With the inside news of disparity between India and Indonesia narrowing down and Vietnam slowly fading out of the Global Pepper scenario it was the move from some unethical traders propagating dumping of imported pepper into domestic market to depress prices and this news should be completely ignored according to All India Spice Exporters forum Vice chairman Mr. Jojan Malayil. Mr Malayil added that farmers/traders should sell only when they need money that badly as the Importing countries coverage is naked for the last quarter and India will get a chance to sell its balance pepper at premium prices.

Current prices in other origin are as follows : Brazil Asta usd 2350 fob Belem Indonesia Asta usd 2550-2600 fob panjang Vietnam asta usd 2600-2650 fob Hcmc and Indian mg-1 asta usd 2750-2800 pmt fob cochin

Rgds
La Rive